ExxonMobil has been named 2017 Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry.“This award is recognition of ExxonMobil’s successful efforts to strengthen our portfolio by accessing and discovering the highest quality resources,” said Steve Greenlee, president of ExxonMobil Exploration Company. “This recognition would not…
OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signaled their readiness to cooperate beyond that. Russia is prepared to continue cooperating with OPEC and its de-facto leader Saudi Arabia even after the cuts expire, Energy Minister Alexander Novak said in a…
Nigeria has been ranked as the second worst nation in power supply, and the worst in Africa, as power drops to 3,851 megawatts (MW), according to the Spectator Index of the world’s worst electricity supply in 2017.In the report released on the Spectator Index Twitter handle yesterday, of the 137 countries examined in the report,…
By Energy Worth The Nigeria Bulk Electricity Trading Plc (NBET) has disbursed a total of N152.974 billion to 23 power generation companies (Gencos) within the first seven months of 2017, Energy Worth can report. This disbursement represented 21.6 per cent of the N701 billion payment support facility provided by the Central Bank of Nigeria (CBN)…
