Sixteen of the nation’s 27 power plants have seen their generation capacities limited by gas constraint and frequency management occasioned by distribution companies’ load demand. A total of 2,313 megawatts of power were left unused as of May 8, with 1,935MW due to gas constraint and 1,378.3MW due to frequency management, data from the Federal…
Lagos State Governor, Mr Akinwunmi Ambode, has asked the World Bank to partner with the state government in funding key projects in transportation, energy and water sector. Governor Ambode stated that such partnership will positively impact the economy not the state alone but the country as a whole. He made this known on Thursday during…
By Tsvetana Paraskova Oil, natural gas, and coal may still be the dominant fuel sources in the world’s energy mix, but renewable energy is growing and creating more and more jobs worldwide. In 2017, employment in renewable energy globally topped 10 million jobs for the first time ever, the International Renewable Energy Agency (IRENA) said…
By Nick Cunningham The path to higher oil prices seems pretty clear, but it isn’t inevitable. There are plenty of reasons why the oil market is suddenly on edge, and why oil prices are at their highest level since 2014. Venezuela’s oil production is falling off of a cliff, and could fall faster now that…
By Energy Worth The Nigerian National Petroleum Corporation (NNPC) has disclosed that the nation recorded 194 cases of pipeline vandalism between January 2017 and the corresponding period of this year.During the release of its January financial and operational report yesterday in Abuja, the agency noted that gas supply to the power sector during the period…
Thirty eight ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin Can Island Ports in Lagos from May 11 to May 26. The Nigerian Ports Authority (NPA) stated this in its publication, `Shipping Position,’ a copy of which was made available to the News Agency of Nigeria…
By Energy Worth A conference aimed to address the key issues affecting the energy sector in Nigeria and also proffer solutions to them has received the full backing of one of the key players in the sector, Sahara Power Group, a subsidiary of Sahara Group, a leading international energy conglomerate in Africa. Tagged the Light…
The Nigerian National Petroleum Corporation (NNPC) says it is ever ready to support the Petroleum Tanker Drivers (PTD) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in whatever way to enhance the distribution of petroleum products across the country. NNPC Group Managing Director, Dr. Maikanti Baru, made this commitment at the 4th…
By Gregory R. Copley U.S. President Donald Trump on May 8, 2018, fulfilled a major campaign promise to his voters by withdrawing the U.S. from the 2015 JCPOA (Joint Comprehensive Plan of Action) into which it had entered with Iran and the five permanent members of the United Nations Security Council plus Germany (the P5+1)…
The Director-General and Chief Executive Officer of the Indian Chamber of Commerce (ICC), Dr Rajeev Singh, has disclosed that Indian utility vendors and services will find a huge market and scope in Africa, especially in South Africa’s energy sector. The ICC will represent India at the upcoming African Utility Week from 15-17 May in Cape…
