The course introduces students to fundamentals of law, with an objective of enhancing basic understanding of notions, concepts, nature and applications of law in diverse corporate environments, particularly Nigeria's petroleum, energy and mining industries.The course further presents concisely a wide spectrum of theoretical and practical guide to underlying foundations of legal reasoning applied in formulating, drafting and interpreting sector-specific legislations, contractual documents and international legal documents.
The course examines economic theory, empirical perspectives, and political economy of petroleum supply and demand. It aims to broaden students' knowledge in local, national, and global markets for oil, natural gas and public policies affecting energy markets, including taxation, price regulation and deregulation.
The objective of the course is to facilitate a thorough understanding of all the necessary concepts of capital investment evaluation, capital budgeting, and investment decision criteria available and their applications in the oil and gas industry. The course describes the philosophy, process, and methods underlying upstream capital investment evaluation and rational economic decisions under different stages of risk and uncertainty.
The course will provide students with a working knowledge of power systems and electricity industry restructuring, its impact on industry regulation, and the role of environmental concerns and the development of alternative generation technologies.
The course covers renewable energy technologies, economics and policy and is intended to provide an overview of renewable energy concepts, issues relevant to the technologies currently used for providing energy services through renewable energy resources. The course also provides understanding and relevant knowledge in analysing the integration of renewable energy into the global energy system and emerging issues in renewable energy development along the areas of gender, energy poverty, innovation and new energy technologies.
The Science of Climate Change, Economic instrument, discount trade and climate change, introduction to life Cycle Assessment (LCA) of energy technology, calculation of carbon intensity of national energy generation systems and green gas (GHG) savings; global environmental benefits of renewable energy technology projects; international climates and environmental conventions; carbon market and clean development mechanisms (CDM); CDM methodologies for clean energies and energy efficiency projects; C02 capture and storage projects; policy options to mitigate emissions.
The course examines the financing options for energy ventures, especially where the attributes above call for multiple sources of funding and sometimes complex arrangements. It also examines how, after funding is secured and relevant projects have been selected, the finance function is integral to the management of projects to ensure successful completion.
The course complements CEE 717: Energy Finance & Project Management. Building on the concepts in CEE 717, this course focuses on the methods and procedures for deciding whether or not to invest in an energy venture. Given that demand for investment capital is driven by the availability of positive investment decisions, this course is concerned with how to select combinations of investment projects and financing options to maximize return on investment while minimizing the risks to which the company is exposed as a result of such decisions.
The objective of this course is to provide students with the required knowledge and skills to perform efficiently as professionals in the Natural Gas sector and to directly meet the needs of Nigerian gas industry by enabling students to be immediately functional in the workplace. Contemporary industry problems and fundamental issues central to the emerging Nigerian Gas Industry will be analysed and discussed through case studies.
An information system represents the nervous system of an organization, institution or society. Accordingly, effective and efficient information systems are required to support energy systems studies, planning, implementation and operation at both the micro and macro organizational levels. Specific topics taught in the course include:
The course covers a number of issues in law and economics. Among them are Theories of Political Economy, Economic Theories and Legal Presumptions, Economic Growth and Economic Development, Economic Reforms; Political Systems and Economic Development; Public Policy, Public Interest and National Security; Economic Rights and Law (Economic and Social Rights); Economic Governance Tools; Regulation, Economic Development Models and Economic Reforms: Indigenization, Nationalization, Commercialization, Liberalization, Privatization, etc.
The course builds on the knowledge the students would have gained in Energy and Climate Change Law and Policy I. Specific topics include: Concept of Climate Change and Renewable Energy; International Law and Politics of Climate Change; Climate Change under Regional and National Law; Climate Change Adaptation and Mitigation; and Renewable Energy – Legal, Policy and Emerging Issues.
The course provides students with an overview of the Nigerian Energy Sector from a legal perspective, together with an appreciation of the key contractual elements that are pivotal to the industry. Particular emphasis will be placed on the activities of the parties involved in the sector and the contractual relationship in which their activities are carried out and regulated at different levels.
The course provides students with an overview of the infrastructural development in the energy sector and its various components and activities. It also examines the long- and short-term contracts in the sector and the various facilities and measures put in place for its efficiency. Particular attention will be given to trade in oil, gas and power, as well as their economic values and implications.
Building on knowledge gained in Law and Economics I, the course deepens students' understanding of key issues in both fields. The course covers the following topics: Comparative and Competitive Advantages; Regional Trade Areas; Economic Blocs and Custom Union – World Trade Organization (WTO) and Organization of Petroleum Exporting Countries (OPEC); Economic Partnership Agreements; Multinational Personality and Transnational Transactions; Preferential Treatments: Most Favoured Nation Treatment; National Treatment; any other contemporary issues.
In addition to providing a critical platform for understanding their past and present institutional successes and failures with a view to evaluating best practices for future outcomes, the course aims to help students have a firm appreciation of the specific patterns and applications of law and policy in the energy sector. The course also critically examines the continuing relevance and role of antitrust/competition in the market place. It focuses on examining the changing fortunes of countries pursuant to specific approaches and patterns of implementing market and economic reforms.
In addition to providing a critical platform for understanding their past and present institutional successes and failures with a view to evaluating best practices for future outcomes, the course aims to help students have a firm appreciation of the specific patterns and applications of law and policy in the energy sector. The course also critically examines the continuing relevance and role of antitrust/competition in the market place. It focuses on examining the changing fortunes of countries pursuant to specific approaches and patterns of implementing market and economic reforms.
This introductory course on International Business Law and Transactions covers the following topics: Nature of International Business and Formations; International Contracts and Contractual Obligations; Law of Affreightment, Carriage of Goods, Mobile Equipment; Electronic Contracts and Validity; Jurisdictional Issues; and International Business Ethics.
The course further develops the themes introduced in International Business Law and Transactions I. The course covers International Business Financing; Letters of Credits, etc; Enforcement of Foreign Judgments; any other contemporary issues.
The course explores issues around international disputes settlement.