Oil & Energy
27, 474 Candidates Apply For 2019/20 PTDF Scholarship
The Petroleum Technology Development Fund (PTDF) says a total of 27, 474 candidates applied for the various platforms of the fund’s scholarship scheme for the 2019/20 academic year.
The Fund disclosed this in a statement signed by Head, Press and External Relations unit, Mr Kalu Otisi, last Friday.
He said the applications were for the Overseas Postgraduate Scholarship Scheme under PTDF Strategic Partnership with universities in UK, Germany and France.
According to him, the applications are also for the undergraduate, Masters and PhD Scholarship awards in Nigerian Federal Universities under PTDF Local Scholarship Scheme.
“The application window for the Overseas Scholarship Scheme closed on December 31st, 2018 while that of the Local Scholarship (LSS) expired on the 16th of November 2018,’’ he said.
He noted that 15, 822 candidates applied for the Overseas Scholarship Scheme in the MSc category, while three 3,501 applications were received for the PhD scholarship award.
“ Out of the 8,151 that applied for the PTDF Local Scholarship Scheme, 3,740 were for the Undergraduate award, 3,393 for MSc and 1,017 for PhD.
“The next stage of the processing is the screening of candidates for interview shortlist.
“ This will be based on the following criteria; class of degree, O-level grades and strength of personal statement,’’ he said.
He noted that only those who meet the minimum requirements for each category of the programme and those who possess the best credentials that suit the Fund’s mandate and the oil and gas industry would be invited for interviews at a date to be announced by the Fund.
Applicants are therefore advised to look out for notifications from PTDF for further information in respect of their applications.
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Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
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