By Tsvetana Paraskova Saudi Aramco’s much-hyped initial public offering is “most likely” to take place in 2019, Saudi Energy Minister Khalid Al-Falih said on Friday, likely confirming that plans for the IPO have been pushed from this year to next. “We’re simply waiting for a market readiness for the IPO,” al-Falih said at the St….
By Nick Cunningham Oil prices plunged on Friday after news broke that OPEC and its partners, including Russia, are considering allowing higher levels of oil production, which could mark the beginning of the end for the OPEC deal. With inventories back at average levels, potential outages in Iran and oil production in Venezuela falling fast,…
By Energy Worth Residents of the Ilaje Local Government Area of Ondo State have decried the lack of power supply in many communities in the area. The residents, who spoke during a South-South zonal interactive session organised by the House of Representatives ad-hoc committee on power in Benin, the Edo State capital, lamented they had…
A deluge of investments are pouring into Nigeria’s off-grid electricity initiative which is targeting key economic clusters across the country. The initiative is conceptualised to free the national grid system that has proved unreliable even after unbundling the monopolistic National Electric Power Authority (NEPA) and eventual partial privatisation of the power sector in 2013. The…
