Zimbabwe’s Govt urged to liberalise fuel sector to end shortages

Acting Petrotrade chief executive officer Godfrey Ncube says the liberalisation of the fuel...

First pieces for Africa’s largest wind tower in progress – Nabrawind

Nabrawind Technologies has announced that the first pieces for its wind power projects...

Golar’s Hilli Episeyo, world’s first converted FLNG in milestone loading off Cameroon

Golar’s Hilli Episeyo, world’s first converted FLNG vessel, has recently loaded its 40th...

WeLight connects more than 10,000 people to sustainable electricity in Madagascar

WeLight exceeds 2,000 homes connected in its 22 active villages in Madagascar. The...

Agreement over Ethiopian Dam imminent – AU Director

The Executive Director of the African Union Energy Commission, Engineer Rashed Abdulla Ali...

NOC denounces renewed blockade of Libyan crude exports

On Sunday, Libya’s National Oil Corporation (NOC) condemned the renewed blockade on Libyan...

Botswana Government implements fuel restriction

Government has put fuel restrictions in place as the country continues to experience...

Algeria’s Sonatrach initiates new COST program

Sonatrach CEO Toufik Hakkar announced that the company will set a new cost...

Nigerian independents ramp up oil output despite COVID-19

Jul 14, 2020

There was no slow-down in crude oil production on the facilities controlled by over 20 Nigerian independents in April 2020, even as fall in demand remained the status quo…

NNPC denies sacking 850 refinery workers

Jul 14, 2020

The Nigerian National Petroleum Corporation (NNPC) has denied the allegation by labour unions that it sacked 850 workers at the refineries. Labour unions under the aegis of Nigeria Union…

National Assembly to get revised PIB in 2 weeks – Sylva

Jul 14, 2020

Minister of State for Petroleum, Chief Timipre Sylva, has said that his ministry will within two weeks transmit the revised Petroleum Industry Bill (PIB) to the National Assembly for…

Oil price rally stalls on OPEC+ plans to restore oil production

Jul 14, 2020

Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated…

Nigeria earned $206bn from oil in 5 years – OPEC

Jul 14, 2020

Nigeria, Africa’s top oil producer, generated $206.06bn in revenue from crude oil exports in the last five years, the Organisation of Petroleum Exporting Countries has said. OPEC, in its…

FG can’t bear petrol subsidy any more – Sylva

Jul 13, 2020

The Federal Government says it can no longer bear the burden of petrol subsidy. The Minister of State for Petroleum Resources, Timipre Sylva, said this in a statement on…

Petrol subsidy consumed N101.6bn in 3 months – NNPC

Jul 13, 2020

Petrol subsidy consumed over N101bn in the first three months of this year, as stakeholders want the scheme to be fully halted, Okechukwu Nnodim reports Latest figures released by…

Oil, power firms owe Nigerian banks N5.59tn – CBN

Jul 13, 2020

Energy firms in the country owe Nigerian banks a total of N5.59tn, the sectoral analysis of banks’ credit by the Central Bank of Nigeria has revealed. The N5.59tn represents…

Oil prices drop over spike in coronavirus cases, Bonny Light gains 60 cents

Jul 13, 2020

Oil prices declined on Monday, extending Friday’s losses as coronavirus infections touched their all-time daily high, following huge swells in infections during the weekend in the United States, and…

Nigeria intensifies court battle to overturn $10bn gas arbitration award

Jul 13, 2020

The Nigerian government has uncovered previously unknown payments to the daughter of a Nigerian official, its lawyer told a court on Monday, in its latest attempt to overturn an…

Global offshore wind investment reaches new heights in H1 2020 – BNEF

Jul 14, 2020

Investment in new renewable energy capacity around the world increased by 5% year-on-year in the first half of 2020, saved by the offshore wind segment as most other sources…

Global corporate finance for solar energy declines by 25% – Report

Jul 14, 2020

Investments in solar energy projects by corporates reached $4,5 billion during the first half of 2020, according to a new report released by consulting firm Mercom Capital Group. The 1H…

Energy companies turn to renewables to power oil and gas operations – IHS Markit

Jul 13, 2020

Oil and gas field operations are beginning to be fueled by a surprising source — renewable energy, according to new research by IHS Markit, a world leader in critical…

Nigeria’s coal reserves could generate 53,900MW by 2030

Jul 8, 2020

As Nigeria grapples with its power supply crisis, experts have said that the country can effectively generate up to 53,900 megawatts (MW) of electricity by 2030. The country currently…

Renewable Energy Association of Nigeria holds virtual Annual General Meeting & elections

Jul 7, 2020

The Annual General Meeting (AGM) of the Renewable Energy Association of Nigeria (REAN) took place on Wednesday, 1st July 2020. The unprecedented circumstances resulting from the ongoing covid-19 pandemic…

REA issues request For Expression Of Interest for the REF Grant 2020 through a PPP model

Jul 6, 2020

On July 6, 2020, the Federal Government of Nigeria, through its Implementing Agency – Rural Electrification Agency (REA) has issued a request For Expression Of Interest for the Rural…

Eos Energy Storage supplies energy storage to microgrids for electrifying Nigerian rural communities

Jul 6, 2020

Eos Energy Storage, the leading manufacturer of safe, low-cost and long-duration zinc battery storage systems, today announced that it has partnered with EPC firm Nayo Tropical Technology Ltd to deploy the…

Solar mini-grids will be critical to universal electrification – Report

Jul 3, 2020

Solar mini-grids could play a critical role in providing electricity to rural communities and businesses and in helping to connect the 789 million people worldwide who currently do not…

Global offshore wind market set to hit 23GW capacity by 2026

Jul 3, 2020

The global market for offshore wind energy is expected to expand in value from $24 billion in 2019 to $75 billion in 2026. In terms of capacity, stakeholders within…

REA in official bid opening for rural electrification projects under the 2020 Appropriation Act

Jun 27, 2020

MD/CEO of REA, Ahmad Salihijo has reiterate that REA is quite strict in the adherence to due process. In his words “We do not compromise transparency and accountability no…

Bichi power sub-station to be catalyst for economic recovery in Kano – Governor

Jul 14, 2020

Governor Abdullahi Umar Ganduje of Kano state has said the installation of Bichi power sub-station by the Transmission Company of Nigeria (TCN) will trigger post COVID- 19 economic recovery.…

Eko Disco warns customers against patronizing fake meter providers

Jul 14, 2020

The management of Eko Electricity Distribution Company (EKEDC), has warned customers within its networks against patronising fake Meter Asset Providers (MAPs), for installation of prepaid meters in their residences.…

NASS, NERC to partner on legal framework to protect investment in Nigeria’s power sector

Jul 14, 2020

The National Assembly (NASS) says it is working with the Nigerian Electricity Regulatory Commission (NERC) to put in place a legal framework that will protect investment in the power…

High Court nullifies NERC’s order removing Ibadan DisCo board

Jul 13, 2020

A Federal High Court in Ibadan has in a landmark decision in the case of Ibadan Electricity Distribution Company Plc vs the Nigerian Electricity Regulatory Commission (NERC) set aside…

Oil, power firms owe Nigerian banks N5.59tn – CBN

Jul 13, 2020

Energy firms in the country owe Nigerian banks a total of N5.59tn, the sectoral analysis of banks’ credit by the Central Bank of Nigeria has revealed. The N5.59tn represents…

NERC to unbundle TCN into 2 firms

Jul 13, 2020

The Nigerian Electricity Regulatory Commission (NERC) has initiated processes to split the Transmission Company of Nigeria (TCN) into two firms, five years after such an attempt was made but…

FG orders power contractors back to project sites

Jul 13, 2020

The Federal Government has ordered all contractors handling power projects across the country to return back to their various sites following the gradual relaxation of the COVID-19 lockdown. The…

DisCos say minimum remittance order, capping of estimated bills have worsened losses

Jul 12, 2020

Power distribution companies (DisCos) in Nigeria have said there is a need for the current minimum remittance order by the Nigerian Electricity Regulatory Commission (NERC) to be relaxed to…

Ibadan DisCo advises customers on safety in rainy season

Jul 12, 2020

Ibadan Electricity Distribution Company (IBEDC) Plc, Thursday implored its esteemed customers and the public to be very cautious around electrical installations within its network as the rainy season begins…

Market constraints, estimated billing, debts top DisCos’ concerns over new electricity tariff

Jul 11, 2020

Implementing a cap on estimated billing when about 60 percent of customers have no meters and ordering a tariff increase when their books are filled with debts are some…