Featured

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

Apr 2, 2020

Eskom is proposing to curtail operational wind farms citing reduced demand in relation to COVID-19, claiming force majeure. This is despite government issuing an official notice on 25 March 2020, classifying electricity production, supply and maintenance as essential services. South African Wind Energy Association (SAWEA) says Eskom’s proposal comes as a surprise to the 22…

Read More

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 of sanctions. It was Prime Minister Mamman Saleh who announced the news. Before this period, at the end of which a new electricity tariff will come…

Read More

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 previous day. The basket includes Algeria’s Saharan Blend, Angola’s Girassol, Congo’s Djeno, Equatorial Guinea’s Zafiro, Gabon’s Rabi Light and Iran Heavy. Iraq’s Basra Light, Kuwait Export,…

Read More

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 coronavirus. The DPR, in its latest circular to operators in the nation’s oil and gas industry, described the current situation as a force majeure. The force…

Read More

Yinson hit with FPSO deal termination as Aker Energy defers Pecan project off Ghana

Apr 1, 2020

Oil and gas company Aker Energy has postponed the development of its Pecan field, located offshore Ghana. As a result, Aker Energy terminated its agreement with Yinson for the provision of an FPSO for the project. Aker Energy’s plan was to develop the Pecan field with a purpose-built FPSO connected to a subsea production system…

Read More

MIGA issues guarantees for solar projects at Benban Solar Park in Egypt

Apr 1, 2020

Against the backdrop of the COVID-19 pandemic, the Multilateral Investment Guarantee Agency (MIGA), has issued guarantees to support the operation and maintenance of six additional solar power plants at the Benban Solar Park in the Aswan Governorate in Upper Egypt. The new plants are part of Egypt’s landmark solar Feed-in-Tariff (FiT) Programme, which mobilises private…

Read More

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 power for emergency health centers in support of the response to fighting the COVID-19 pandemic.  The four companies, all investees of All On, have been selected…

Read More

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 litre. The agency made the announcement in a statement signed by its Executive Secretary, Abdulkadir Saidu, in Abuja on Tuesday night. “PPPRA in line with the…

Read More

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 Alsace region. This solution consists in the construction of photovoltaic power plants made up of two-sided panels installed vertically. This particular arrangement allows the panels to…

Read More

Solar emerging as prime source for West Africa’s future energy mix

Mar 31, 2020

The countries of West Africa should make solar PV the “prime source” in their future energy systems as they decarbonize in the decades leading up to 2050, according to a newly published study by a team of researchers in Finland. The Economic Community of West African States (ECOWAS) needs to substantially ramp up generating capacity…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...