Sonangol to go public before 2022 – Minister

On Wednesday, the Angolan Minister of Petroleum, Diamantino Azevedo (photo), announced that the...

120 MW power plant to be built in Maria Gléta, Benin under the BOOT model

In Benin, the government plans to build a second 120 MW gas power...

Belectric wins contract for Zafarana 50 MWp solar power plant in Egypt

The German company Belectric has been selected by the Egyptian authorities to develop...

AMPC to support Equatorial Guinea’s Year of Investment initiative

The Atlantic Methanol Production Company (AMPCO), which operates in Equatorial Guinea, has announced...

Coronavirus could affect oil demand and reduce the price of a barrel of oil by $3

The Coronavirus now constitutes an international threat which could affect the oil market. Oilman...

Total and Tullow launch joint sale of their stakes in Kenyan oil project

Total (TOTF.PA) and Tullow Oil (TLW.L) aim to reduce their stakes in Kenya’s...

SAExploration secures two seismic acquisition deals in West Africa

SAExploration has announced two new projects in offshore West Africa.  The projects are valued...

Ghana looks to generate nuclear power by 2030

Ghana is expected to generate nuclear power by 2030. Executive Director for Nuclear...
OIL & GAS
ALTERNATIVE ENERGY
POWER
OIL & GAS

LADOL signs collaboration agreement with Mammoet

Jan 24, 2020

The Lagos Deep Offshore Logistic Base (LADOL), an indigenous Nigerian sustainable industrial zone, and Mammoet, the global leader in engineered heavy lifting and transport, are proud to announce a strategic…

FG charges ex-attorney general in court over $1.3bn oil deal

Jan 24, 2020

Nigeria’s financial crime watchdog charged former attorney general Mohammed Adoke in court on Thursday for allegedly receiving bribes to facilitate a $1.3 billion oil deal, the agency said in…

DPR set to resume supply of kerosene to NNPC Calabar depot 25 years after

Jan 24, 2020

The Department of Petroleum Resources (DPR) has assured that they will soon resume supplies of kerosene, PMS and AGO to the NNPC Calabar port after 25 years. Operation Controller…

$70 per barrel of oil good for Nigeria’s fiscal planning – Sylva

Jan 24, 2020

Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, said if oil prices remain within the$60 and $70 per barrel, it will be good for the country’s fiscal planning…

Seplat restates commitment to more asset acquisitions, growth in oil and gas sector

Jan 24, 2020

The Chief Executive Officer of Seplat Petroleum Development Company Plc, an indigenous oil and gas firm, Mr. Austin Avuru said the company remains committed to more asset acquisitions in…

ADM Energy outlines strategy for “aggressive growth” in Nigeria’s oil sector

Jan 23, 2020

ADM wants to build upon its 5% stake in the Aje field – which was impacted by downtime in 2019 – with new Nigerian management leading an acquisitive strategy…

SPDC’s force majeure on Nigerian Bonny Light crude threatens Nigeria’s oil revenue target

Jan 23, 2020

The Shell Petroleum Development Company of Nigeria Limited (SPDC), the Royal Dutch Shell’s Nigerian subsidiary, on Wednesday declared force majeure on exports of Bonny Light crude, Nigeria’s largest oil…

Nation’s refineries posted N123.3bn loss in 10 months – NNPC

Jan 23, 2020

The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January to October 2019, latest figures released on Wednesday showed.…

Oil firms may stake $30bn on global exploration in 2020

Jan 23, 2020

Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip by as much as 15 per cent.The revelation contained…

NLNG signs 10-year gas deal with Total

Jan 23, 2020

Nigeria Liquefied Natural Gas has signed a deal with French energy group Total for 1.5 million tonnes of LNG per year, the African producer said on Wednesday. The agreement…

ALTERNATIVE ENERGY

REA MD/CEO meets with U.S. mini grid developer, MCA Sun Africa

Jan 24, 2020

The MD/CEO of REA, Ahmad Salihijo received a team of US-based mini grid developers for discussions on investments in Nigerian mini grid space, geared towards powering Nigerian communities. MCA…

UK pledges N28.6bn to clean energy projects in Nigeria, Africa

Jan 23, 2020

The United Kingdom government has pledged clean energy project investments in Nigeria and across Africa above N28.6 billion (£50 million) ahead of the UK-hosted UN Climate Summit (COP26) later…

USADF, All On open 2020 Nigeria Off-Grid Energy Challenge

Jan 23, 2020

The United States African Development Foundation (USADF) and All On have officially opened the application window for the 2020 Nigeria Off-Grid Energy Challenge, which will provide up to $100,000…

Renewables in the global energy mix must double by 2030 to reach climate targets – IRENA

Jan 18, 2020

The share of renewable energies in the global energy mix will have to double by 2030 to reach climate targets. Renewable energy will have to supply 57% of the…

Renewable energy could create 40m jobs by 2050

Jan 15, 2020

IRENA report findings released alongside the launch of new Sustainable Energy Jobs Platform during 10th Assembly Abu Dhabi, United Arab Emirates, 10 January 2020 – Renewable energy could employ more…

FG raises inter-ministerial steering committee on Mambilla hydro power project

Jan 15, 2020

President Muhammadu Buhari has approved the constitution of two  committees for the Mambilla Hydroelectric Power Project in Taraba State.  They are the Inter-Ministerial Steering Committee (IMSC) and Project Delivery…

REA MD/CEO meets with Korean Ambassador over renewable energy projects

Jan 15, 2020

The Korean Ambassador to Nigeria, H.E. Lee In-Tae, visited REA earlier today where he met with the MD/CEO of REA, Ahmad Salihijo & other top management staff of the…

FG releases compensation funds for N2tn Mambilla hydropower project

Jan 13, 2020

The Federal Government has released funds for compensation of those whose land and other property will be affected by the construction of 3,050 megawatts Mambilla Hydropower Power plant. Minister…

Global offshore wind turbine market to see 22.5% growth

Jan 12, 2020

A new report on the global offshore wind turbine market released by Frost & Sullivan anticipates a growth of 22.5% for this sector between 2018 and 2025. Annual market…

Global solar Installations to grow by additional 142GW in 2020

Jan 9, 2020

Global solar installations will continue double-digit growth rates into the new decade, according to the new 2020 Global Photovoltaic (PV) Demand Forecast by IHS Markit (NYSE: INFO), a world…

POWER

Nigeria’s power sector consumed N1.7trn in 3 years – El-Rufai

Jan 24, 2020

Governor Nasir El-Rufai of Kaduna state on Thursday said Nigeria’s power sector has gulped a sum of N1.7trillion in the last three years. The governor disclosed this at the…

Nigeria’s Gencos lost N1.2trn in 5 years

Jan 24, 2020

Nigeria’s power generation companies (GenCos) in the past five years lost a whopping N1.2 trillion to poor capacity utilisation and the country’s inability to transport over 21,184.62 megawatts of…

NEMSA reads riot act to meter manufacturers over alleged malpractices

Jan 24, 2020

The Nigerian Electricity Management Services Agency (NEMSA), has sounded a note of warning to meter manufacturers, who engage in sharp practices to cheat unsuspecting consumers, noting that the Agency…

TCN set to acquire helicopters to detect faults on power lines

Jan 23, 2020

The Transmission Company of Nigeria (TCN) has announced plans to acquire helicopters for fault detection across its transmission line network in the country. TCN’s Managing Director, Mr Usman Mohammed,…

Africa requires more investment in power sector – Elumelu

Jan 23, 2020

The Chairman, United Bank for Africa(UBA), and Founder, Tony Elumelu Foundation, Tony Elumelu has advocated massive private capital investment in the power sector. Elumelu disclosed this while speaking on…

Discos owe NBET N430bn in 11 months

Jan 23, 2020

Power distribution companies failed to pay a total of N429.87bn to the Nigerian Bulk Electricity Trading Plc for electricity sold to them from January to November last year. The…

TCN installs 68 transformers as it targets 10,000MW transmission capacity

Jan 23, 2020

Nigeria’s power transmission capacity has increased beyond the 8,100 megawatts recorded in December 2018, as the Transmission Company of Nigeria plans to evacuate 10,000MW of electricity. It was also…

Sahara Group urges UK, African investors to commit resources to maximize continent’s energy potentials

Jan 22, 2020

Leading energy conglomerate, Sahara Group, has urged participants at the UK-Africa Investment Summit to explore committing resources towards addressing the energy needs on the continent that is home to…

N.Assembly to enact laws to facilitate development of national, mini-grids

Jan 22, 2020

The National Assembly (NASS), says it is working towards making laws that will aid the development of the main and mini-grids to boost electricity supply in the country. A…

Four British firms sign deals with Nigeria on gas, power sectors at UK-Africa Summit

Jan 22, 2020

Four British companies Monday signed business deals with Nigeria on the sidelines of the inaugural UK-Africa Investment Summit in London. The deals were among the several others sealed between…

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