Zimbabwe faces 300% surge in electricity tariffs

The continuous low water levels on Zimbabwe's biggest dam, Kariba, could see a...

Sonangol plans share sale for 30% of business in expansive shakeup

Angola’s state oil company Sonangol EP will step up its transformation with the...

Algeria targets 16,000MW of renewable energy by 2035

Prime Minister Abdelaziz Djerad on Monday told Hassi Messaoud of a national strategy...

Maersk Decom lands first complete plugging & abandonment job off Mauritania

Maersk Decom, a 50:50 joint venture between Maersk Drilling and Maersk Supply Services,...

Kenya Power profit drops from Sh3.2bn to Sh262m

Kenya Power has posted a 91.98 percent decline in net profit to Sh262...

Ethiopia to skip latest round of Nile dam talks

Ethiopia says it will not send representatives to the final round of negotiations...

Apache Corp, Pharos Energy among bidders for Shell’s Egypt onshore assets

Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from...

Ghana’s Deputy Energy Minister says current ‘dumsor’ to end next week

The Deputy Minister for Energy William Owuraku Aidoo says frequent power cuts in...
OIL & GAS
ALTERNATIVE ENERGY
POWER
OIL & GAS

Oil prices slide past 13-month low as coronavirus pandemic fears spread

Feb 28, 2020

Oil continued to plunge after closing at a 13-month low as more new coronavirus cases were reported outside of China, adding to fears the world is on the brink…

DPR sets bid benchmark for 45 gas flare sites

Feb 28, 2020

The Department of Petroleum Resources (DPR) yesterday announced the minimum floor price bid for its 45 flare gas sites (first stage) under the Nigeria Gas Flare Commercialization programme (NGFCP).…

Reps pledge to pass PIGB in June

Feb 27, 2020

House of Representatives Wednesday said it would pass the Petroleum Industry Governance Bill (PIGB) before the end of June. The Speaker of the House, Hon. Femi Gbajabiamila, said though…

Seplat announces closed period

Feb 27, 2020

Seplat Petroleum Development Company Plc issued a public disclosure earlier today informing the general public about the commencement of its closed period. According to the statement that was signed…

Greenville liquefied gas facility near PH shut by community

Feb 27, 2020

Community members in a liquefied gas facility in Rumuji town near Port Harcourt have shut down the facility. The community alleges threat to lives and unsure provision for safety.…

Nigeria faces up to grim prospects of coronavirus impact on oil prices

Feb 27, 2020

With the deadly Coronavirus spreading faster around the world and battering global oil markets, Nigeria is waking up to face the an uncomfortable truth: revenues and foreign exchange earnings…

Delay in PIB passage costly for Nigeria’s oil, gas sector – FDC

Feb 27, 2020

Investors in the oil and gas industry are awaiting the outcome of the passage of the Petroleum Industry Bill (PIB), especially the clarity of its fiscal terms, analysts at…

Nigerians consume 38.2m liters of petrol daily – DPR

Feb 27, 2020

After many years of opacity and difficulty in determining the country’s actual fuel consumption, the regulatory authority of the Nigerian petroleum industry, the Department of Petroleum Resources, DPR, yesterday,…

Nigeria leads in African new-build refining capacity growth – GlobalData

Feb 27, 2020

Nigeria is set to lead refining capacity additions from planned and announced (new-build) projects in Africa by 2024, reports GlobalData. The company’s report, ‘Global Refining Industry Outlook to 2024…

NNPC set to double Nigeria’s domestic gas supply, export fuel by 2023

Feb 27, 2020

The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II to double capacity from 1.1 billion…

ALTERNATIVE ENERGY

Emel Solar, REA seal agreement on solar home systems sale

Feb 26, 2020

A private firm, Emel Solar and the Rural Electrification Agency (REA) have signed grant offer agreement under the Output Based Fund (OBF) for the firm to sell Solar Home…

Mambilla hydropower project existed only on paper till now – Reps

Feb 25, 2020

The revelation yesterday that the 40-year-old Mambilla Hydro Power, which has gulped billions of naira only exists on papers, jolted many Nigerians. Chairman, House Committee on Power, Magaji Da’u…

Nigeria may be unable to achieve target on clean energy by 2030

Feb 25, 2020

The exit of the Millennium Development Goals (MDGs) in September 2015, ushered in the Sustainable Development Goals (SDG) which consists of 17 goals and 168 targets to be achieved…

Mainstream explains reason for targeting 1,098MW at Kainji, Jebba power plants

Feb 25, 2020

Mainstream Energy Solutions Limited (MESL), the concessionaire for Kainji and Jebba hydropower plants has said it is targeting the recovery of 1,098 megawatts (MW) of electricity generation from the…

Kebbi Govt. partners UNIDO for independent power supply through hydro

Feb 24, 2020

The Kebbi State Government in collaboration with United Nations Industrial Development Organisation (UNIDO) has step-up efforts for an independent power supply for the state through hydro-electric source. This is…

REA holds 3rd performance based grant roundtable under the solar hybrid mini grid component

Feb 23, 2020

On February 18th, 2020, the Rural Electrification Agency in collaboration with the World Bank, held the 3rd Performance Based Grant Roundtable under the Solar Hybrid Mini grid component of…

Global off-grid solar market Hits $1.75bn, to serve 132m households in 2030

Feb 20, 2020

The off-grid solar sector has expanded into a $1.75 billion annual market serving 420 million users over the past decade and continues to grow, according to the 2020 edition…

Diageo invests $180m on solar, biomass, water recovery in Guinness Nigeria, others

Feb 20, 2020

Diageo plc, a multinational alcoholic beverages company, yesterday disclosed that it has invested the sum of $180 million in new solar, biomass and water recovery to seven sub Saharan…

REA signs two grant agreements for output-based funds with Emel and BBOXX

Feb 20, 2020

The REA MD/CEO Salihijo Ahmad signed two Grant Agreements under the Output-Based Funds of the Standalone SOlar System component of the Nigeria Electrification Project (NEP), implemented by the Rural…

Ardova Plc to convert 20 of its filling stations to run 100% on renewable energy

Feb 19, 2020

In a move that will see the business diversify its commercial portfolio, Olumide Adeosun, CEO of ardova Plc formally known as Forte Oil Plc, says the company have plans…

POWER

Ekiti signs pact with TCN over additional substations

Feb 27, 2020

The Ekiti State Government and the Transmission Company of Nigeria (TCN) have signed a Memorandum of Understanding (MoU) to construct two power transmission substations in the state; this is…

DisCos refute minister’s power supply claims

Feb 27, 2020

The Association of Nigeria Electricity Distributors (ANED) on Wednesday dismissed as untrue, the claim by Minister of Power Mamman Sale that electricity Distribution Companies (DisCos) evacuate only 3,000Megawatts (MW)…

Enugu Disco blames Julius Berger for power outage in Onitsha

Feb 27, 2020

Enugu Electricity Distribution PLC (EEDC) has accused construction giant, Julius Berger of putting about 4, 200 residents of Iyiowa and Odekpe areas of Onitsha, Anambra State in total darkness…

We need 1,400mw to provide 24hr power — Benin Disco

Feb 26, 2020

The management of Benin Electricity Distribution Company (BEDC), on Tuesday, said it needed a minimum of 1,400 megawatts of electricity to be able to provide 24-hour power supply to…

AEDC says it requires N43bn investment to guarantee stable electricity supply

Feb 26, 2020

Abuja Electricity Distribution Company (AEDC) yesterday disclosed that it requires N43.02billion investment in the network to guarantee stable and reliable power supply to its customers. The Abuja distribution company’s…

Ikeja Electric to refund customers for pre-paid meters procured under MAP program

Feb 26, 2020

Ikeja Electric (IE) says it is designing a proposal to refund its customers for pre-paid meters procured under the ongoing Meter Assets Provider (MAP) scheme. Mr Felix Ofulue, Head,…

GenCos fault planned electricity tariff increase by NERC

Feb 26, 2020

The proposal to hike electricity tariff by the Nigerian Electricity Regulatory Commission (NERC), and distribution companies (DisCos), suffered another setback, yesterday, as power generation companies (GenCos), faulted the move.…

Discos deny receiving subsidy from FG

Feb 26, 2020

Electricity distribution companies, under the aegis of Association of National Electricity Distributors (ANED), has said they had not received any subsidy from the Federal Government since the privatisation of…

Failure to pay bills, vandalism, others, cause of poor electricity supply – Enugu Disco

Feb 25, 2020

The Enugu Electricity Distribution(EEDC) has disclosed that customers failure to pay electricity bills at when due, vandalism of EEDC amenities, power theft and poor patronage from giants industries are…

NBET leaves Nigeria’s power ministry, Reps threaten budget shutout

Feb 25, 2020

The House of Representatives has warned that budgetary allocations will not be approved for the Nigerian Bulk Electricity Trading Company Plc in the 2021 budget if the agency does…

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