United Oil and Gas reports successful Salmiyah-5 development well on concession in Egypt

Highlights Total of over 120m net pay across four hydrocarbon-bearing intervals encountered by...

Botswana’s BPC will designate an IPP for its 100 MWp solar PV project in Sept

The Botswana Power Corporation (BPC) plans to designate the company responsible for generating...

S.African firm repurposes waste as an alternative energy source

South Africans are exploring alternative energy sources, while reducing landfill mass, by turning...

Outrage in Zimbabwe over ZESA system challenges

Challenges in purchasing electricity tokens have plunged most houses into darkness, a development...

Pakistani investors want to produce 1000MW of solar and wind power in Niger

Pakistani investments to produce up to 1000 MW of solar and wind energy...

Ghana’s GMA, Navy and Marine Police combat illegal fuel bunkering

The Ghana Maritime Authority (GMA) in collaboration with the Navy and Marine Police...

Peace talks may be set to resume in Libya

The United Nations Support Mission in Libya (UNSMIL) said that it welcomed the...

Price cuts will cost Mozambique’s electricity firm, EDM $15m

Mozambique's publicly-owned electricity company, EDM, expects to lose about 15 million US dollars...
OIL & GAS
ALTERNATIVE ENERGY
POWER
OIL & GAS

S. Arabia and Russia agree on preliminary deal for extension of oil output cuts

Jun 4, 2020

Organization of Petroleum Exporting Countries, OPEC, leader, Saudi Arabia and non OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while…

Nigeria expecting marginal oilfield bids within 10 weeks

Jun 4, 2020

Nigeria expects to have all complete bids for marginal oilfields within 10 weeks, the director of the Department of Petroleum Resources (DPR) said on Wednesday. On Monday, Nigeria launched…

NNPC digitalizes it operations, begins online sale, tracking of petroleum products

Jun 4, 2020

The Nigerian National Petroleum Corporation (NNPC), Wednesday, stated that it has commenced the online sales and tracking of petroleum products across the country, to ensure minimal human interactions across…

Nigeria’s efforts to cut gas flaring delayed by COVID-19 restrictions

Jun 4, 2020

Nigeria’s efforts to cut its flared gas have been delayed by at least 6 weeks due to the new coronavirus outbreak, the petroleum regulator said on Wednesday. The West…

World Bank says Nigeria, others must end fuel subsidy in post COVID-19 era

Jun 4, 2020

The current low crude oil prices present an opportunity for commodities-dependent economies like Nigeria to review their energy pricing policies as they look forward to the post-COVIC-19 pandemic era,…

IOC tenders offer hope for Nigerian crude as European demand still dismal

Jun 4, 2020

Some traders hoped a couple of Indian oil tenders could mop up oil to reduce a significant glut of Nigerian oil while European demand for West African grades remains…

Nigeria’s proven gas reserves now 203.16tcf – DPR

Jun 4, 2020

Mr Sarki Auwalu, Director, DPR, gave the numbers on Wednesday during an online interactive session with the media on topical issues in the oil and gas industry in Nigeria.…

Federal High Court restrains FG from auctioning eight marginal oil fields

Jun 4, 2020

The Federal High Court sitting in Lagos on Wednesday restrained the Federal Government from selling or accepting bids for eight Marginal Oil Fields (Oil Mining Licences) pending determination of…

FG steps up sale of gas assets with 96 flare sites

Jun 4, 2020

With a recent offer for its 57 marginal oil fields to investors after 17 years gathering momentum, the Federal Government, through the Department of Petroleum Resources (DPR) has said…

Oil marketers identify challenges in FG’s petrol price review

Jun 3, 2020

Again promises given by the Federal Government to properly consult marketers of Premium Motor Spirit (PMS) otherwise called petrol before arriving at the monthly price review of the product,…

ALTERNATIVE ENERGY

Among IOCs promising renewable investments, only Equinor appears committed – Rystad Energy

Jun 4, 2020

Investments in solar and wind energy projects by the world’s oil majors over the next five years are expected to reach $17.5 billion, a Rystad Energy analysis finds. But…

Renewvia receives $1.2m commitment from All On to electrify Niger Delta communities

Jun 3, 2020

Renewvia Energy Corporation, a global solar developer, and All On, a Nigerian off-grid impact investor, today announced a partnership to electrify rural communities unserved by conventional utilities in the…

Renewable power plants were 20% cheaper than coal power plants in 2019 – IRENA

Jun 3, 2020

Replacing the 500 GW of the least competitive coal-fired power plants in the world with photovoltaic and onshore wind power plants will save $ 23 billion per year and…

NERC sets target to generate 2,000MW via renewable energy by 2021

Jun 2, 2020

With a vast and mostly untapped potential in renewable energy resources, the Nigerian Electricity Regulatory Commission (NERC) has set a target to generate a minimum of 2,000MW of electricity…

REA commissions two solar hybrid mini grid power plants in Bayelsa state

Jun 2, 2020

On June 2, 2020, the Federal Government of Nigeria, through its Implementing Agency – Rural Electrification Agency (REA), commissioned two solar hybrid mini grids in the villages of Akipelai…

All On funded COVID-19 solar installations completed across Nigeria

Jun 1, 2020

Shell-funded impact investment company, All On has announced the completion of phase 1 of nationwide solar installations at emergency health facilities related to the COVID-19 pandemic response. “When we…

Universal access to energy will not be reached by 2030 – Report

May 31, 2020

Despite the acceleration of the process in recent years, universal access to energy will not be achieved by 2030. This evaluation of Sustainable Development Goal 7 (SDG 7) has…

Renewable energy companies scooping up cast-off oil and gas workers

May 30, 2020

Jeff Bishop’s LinkedIn post gets right to the point: “Houston Oil & Gas Folks — we’re hiring in Texas” for jobs in clean tech. His company, battery developer Key…

63 GW of new wind power plants were installed in 2019 – GWEC

May 29, 2020

63 GW of new wind power plants were installed in 2019 worldwide, a new record. This is revealed in the 2019 annual supply analysis report published by the Global…

Covid-19 is intensifying the urgency to expand renewable solutions worldwide – IEA

May 29, 2020

Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable and modern energy by 2030 unless efforts are scaled…

POWER

Four states swindle us of N2.5bn monthly – PH Disco

Jun 3, 2020

The Port Harcourt Electricity Distribution Company (PHED) said it is losing about N2.5 billion monthly due to meter bypass and vandals in four states. It listed the states as…

Nigeria’s power grid collapses again, TCN reaches 90% restoration

Jun 3, 2020

The Transmission Company of Nigeria (TCN) on Tuesday reported the collapse of the national power grid. The spokesperson for the company said the incident occurred at 11:13am, and that…

4,159MW now stranded from national grid – Gencos

Jun 3, 2020

A new operational report from power generation companies (Gencos) in Nigeria yesterday showed that the volume of stranded electricity – power unable to get to the national grid, has…

Nigeria’s power infrastructure needs mix of centralised, decentralised solutions

Jun 2, 2020

Nigeria’s power infrastructure has worsened in the last decade and exponentially increased the energy costs for Nigerian households and businesses, a combination of centralised and decentralised solutions have been…

Siemens Report provides damning verdict on power generation in Nigeria

Jun 2, 2020

Siemens has given a damning verdict on power generation in Nigeria in its Technical and Commercial report where it stated that the subsector will continue to require subsidies and…

Nigeria’s power firms increased monthly bill in April

Jun 1, 2020

The desire to further exploit Nigerian public has informed the latest crazy bill by electricity companies knowing fully that there is no regulatory authority that would call them to…

Port Harcourt DISCO denies any plans to sack 120 workers

Jun 1, 2020

The Port Harcourt Electricity Distribution Company (PHED) has denied rumours that it plans to sack over 120 workers from its workforce. PHED Manager, Corporate Communications, Mr John Onyi said…

Nigerian power firms lose N366bn to tariff hike postponement

Jun 1, 2020

The postponement of the electricity tariff hike shift from April to June is estimated to have cost the 11 Distribution Companies (DisCos) about N366 billion in expected revenue. The…

BPE urges probe of power DisCos

Jun 1, 2020

The Bureau of Public Enterprises (BPE) has called for the audit of the 11 distribution companies (DisCos) in relation to their performance seven years after the conclusion of the…

Siemens deal to enable Nigerians receive 11,000MW of electricity by 2023 – FG

May 31, 2020

Lai Mohammed, minister of information, says Nigerians will enjoy 11,000 megawatts (MW) of electricity by 2023. The country has 25 electricity generation companies (GenCos) which currently produce less than…

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