US Exim Bank allocates $91m to rural electrification in Senegal

The Export-Import Bank of the United States has just approved a loan financing...

Zambia’s Energy Minister warns Copperbelt Energy Corporation over sabotage

Uncertainty still surrounds the Bulk Power Supply Agreement between Zesco and the Copperbelt...

United Oil and Gas announces operational and corporate update on Egypt, others

AIM-listed United Oil & Gas has provided an operational and corporate update to shareholders including...

Russia and UNDP finance water and electricity in Madagascar

Madagascar has recently received $4 million (around 14.9 billion Madagascan Ariarys) in funding...

Morocco drilling on-hold for partners – Predator Oil & Gas

Predator Oil & Gas provided an update in light of the ongoing worldwide...

Coronavirus slashes Tanzania’s oil pump prices

THE country's pump oil price has dropped to a four-month low thanks to...

PGS completes acquisition on Kwanza Shelf and releases fast-track data

Marine geophysical company PGS has announced the completion of acquisition on its MC3D...

IPPs set to challenge Eskom’s force majeure on wind farms

Eskom is proposing to curtail operational wind farms citing reduced demand in relation...
OIL & GAS
ALTERNATIVE ENERGY
POWER
OIL & GAS

Fuel marketers shut stations, protest over N123/litre price

Apr 2, 2020

Fuel marketers yesterday closed their filling stations and declined to sell Premium Motor Spirit (PMS), which the federal government on Tuesday reduced the pump price from N125 to N123…

Nigeria’s oilfields face shutdown risk amid volatile market

Apr 2, 2020

The collapse of crude oil prices and the oversupply of the commodity in the global market amid shrinking demand may force some producers in Nigeria to shut down their…

OPEC’s daily basket oil price drops to below $17 a barrel

Apr 2, 2020

– The Organization of the Petroleum Exporting Countries (OPEC) said on Thursday its daily basket oil price fell to $16.87 a barrel on April 1, down from $22.61 the…

DPR instructs oil and gas operators to reduce workforce at project sites

Apr 2, 2020

The Department of Petroleum Resources has directed oil and gas firms to reduce the number of workers at project sites as part of measures to curb the spread of…

Petroleum marketers give terms for selling petrol at N123.50k

Apr 2, 2020

The Independent Petroleum Marketers Association (IPMAN) yesterday said its members would not comply with the new N123.50k per litre price of petrol until they exhausted their old stock. The…

DPR enforces petrol sales at filling stations

Apr 1, 2020

In a related development, the DPR on Tuesday began the enforcement of sales and distribution of petroleum products at filling stations, particularly in states where the Federal Government declared…

Africa Oil receives $25m as second dividend from its Nigerian oil assets

Apr 1, 2020

Africa Oil Corp, said that it has received its second dividend from Prime Oil and Gas a company that holds interests in deepwater Nigeria production and development assets. Prime…

NNPC seeks smooth movement of petroleum tankers amid COVID-19 lockdown

Apr 1, 2020

The Nigerian National Petroleum Corporation (NNPC) has called on security agencies to allow petroleum products tanker drivers free movement, despite the lockdown ordered in some parts of the country.…

Again, FG slashes fuel price to N123.50 per litre

Apr 1, 2020

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol from N125 to N123.50k per…

IPMAN instructs members to sell petrol at N125 per litre

Apr 1, 2020

Following the reduction of the pump price of petroleum products from N125 to N123.50 per litre, the Kano State branch of the Independent Petroleum Marketers Association (IPMAN) has directed…

ALTERNATIVE ENERGY

REA positions to power 20,000 MSMEs with $200m renewable energy project

Apr 2, 2020

Nigeria will need all the ideas it can muster to grow its flailing power sector which is why the federal government in partnership with African Development Bank (AfDB) launched…

Nigeria’s first electric car will cost N316 for full charge – Stallion Motors

Apr 1, 2020

Stallion Motors, one of Nigeria’s auto assemblers and franchisee of nine global brands, has said Nigeria’s first electric car, Hyundai–Kona, expected from its auto plant before the end of…

All On announces N180m COVID-19 solar relief fund to power emergency healthcare in Nigeria

Apr 1, 2020

Nigerian off-grid energy impact investing company All On, seeded by Shell, today announced N180 million in assistance to renewable energy companies, Auxano, Arnergy, GVE and Lumos to provide solar…

Total partners Next2Sun to develop vertical two-sided solar panels for agrivoltaic purposes

Mar 31, 2020

The French energy company Total has teamed up with the German Next2Sun to deploy the Next2Sun solution on the French market as a whole, with the exception of the…

Taraba accepts delay in takeoff of Mambilla hydropower project

Mar 23, 2020

The Taraba State government has partially accepted delaying the takeoff of the Mambilla Hydro Power Project in Sardauna Local Government Area of the State. In a press briefing with…

Coal currently world’s most expensive fossil fuel

Mar 23, 2020

Coal, the dirtiest and usually the cheapest option for energy, is now the world’s most expensive fossil fuel. Oil’s epic collapse over the past month means the global crude…

Solar-powered traffic lights tested in Lagos

Mar 23, 2020

In Nigeria, the Lagos State Government has commenced testing the use of solar-powered traffic lights in a bid to tackle the lack of electricity for traffic control, which caused…

Access Bank completes N15bn Green Bond cross-listing

Mar 20, 2020

Access Bank has completed the listing of its N15 billion green bond on the Luxembourg Stock Exchange (LuxSE). The 15.50 per cent fixed rate, unsecured climate-credential green bond is…

Stallion Motors set to launch first ever electric car in Nigeria

Mar 20, 2020

Stallion Motors, Nigeria’s representative for Honda, Hyundai, Nissan, Volkswagen, Porsche, Audi, Skoda, Changan, and Ashok Leyland has concluded plans to launch the first ever electric vehicle in Nigeria, by…

Global wave and tidal stream energy production increases tenfold

Mar 19, 2020

Global wave and tidal stream energy production has risen tenfold over the last decade, according to a report issued by Ocean Energy Systems (OES). The OES annual report shows…

POWER

Nigeria’s power sector debts mount amid poor supply

Apr 2, 2020

AMID poor supply, the power sector is going from bad to worse. Assessing its performance, the Chairman, Nigerian Electricity Regulatory Commission (NERC), Prof James Momoh, said recently that the…

FG gives DisCos three months to improve service or face sanctions

Apr 2, 2020

In Nigeria, the federal government has just given a 3-month ultimatum to the electricity distribution companies (DisCos) to improve the electricity supply services offered to their consumers, under penalty…

IBEDC assures customers of uninterrupted power services

Apr 2, 2020

Ibadan Electricity Distribution Company (IBEDC) has re-stated her commitment to ensure regular power supply in the event of a national shutdown due to COVID-19 in Nigeria. The Distribution Company…

Nigeria’s power supply rises to 4,257MW as plants receive gas

Apr 2, 2020

The Transmission Company of Nigeria has announced an improvement in power generation following the supply of gas to thermal power plants. Latest industry report from the Office of the…

GenCos seek FG’s intervention for electricity supply

Apr 2, 2020

The Power Generation Companies of Nigeria (GenCos) have assured Nigerians of adequate power in the country during the COVID-19 pandemic. The Executive Secretary, Association of Power Generation Companies (APGC),…

Ikeja Electric suspends disconnection for non-paying customers during lockdown

Apr 1, 2020

One of Nigeria’s electricity distribution company, Ikeja Electric Plc, has announced that non-paying customers within its franchise network will not be disconnected during the two-week stay-at-home period enforced by…

GenCos adjust operations, decry gas shortage to power plants

Apr 1, 2020

The Association of Power Generation Companies (APGC) on Wednesday said it has altered business practices and developed strategies for dealing with the COVID-19 global pandemic to ensure service delivery…

NNPC set to supply gas to Nigerian power stations

Apr 1, 2020

The Transmission Company of Nigeria (TCN) yesterday backtracked on the alarm it raised earlier about a nationwide blackout as a result of shortage of gas for powering the electricity…

Nigeria’s electricity market increases power generation

Apr 1, 2020

The Management of Transmission Company of Nigeria (TCN) Tuesday said the Nigeria Electricity Supply Industry (NESI) has recorded significant improvement in gas supply for power generation. The firm had…

Registered Nigerian electricity consumers balloon to 9.6m – NERC

Mar 31, 2020

The number of registered electricity customers connected to the grid in Nigeria has ballooned to 9,674,729. The Nigerian Electricity Regulatory Commission (NERC), which declared this, maintained that the number…

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