By Cyril Widdershoven The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump’s Twitter diplomacy, perceived Russian willingness to open up the taps and pressure from…
By Robert Rapier You probably have noticed that gasoline prices are again on the rise. Predictably, I have already seen stories arguing about President Trump’s culpability in this current price rise. It never fails that when gasoline prices decline, a President and his allies are quick to take credit. And when prices rise, the opposition…
“Financing oil and gas in a cyclical industry means that a long term view on the underlying growth prospects of the recipient or project is necessary. Risk mitigation is about understanding the bankability of the project as much as it is about appetite”, stated Rolake Akinkugbe-Filani, Head of Energy and Natural Resources at FBNQuest Merchant…
By Energy Worth The Minister of Power, Works and Housing, Babatunde Fashola, has warned that the raining season will pose a major challenge to the transmission and distribution arms of the power industry. According to him, although the rains will benefit hydro power stations, it will also pose some difficulties in the running of the…
By Energy Worth The Federal Government and the Kingdom of Morocco on Monday in Rabat, Morocco, signed three agreements as part of activities marking President Muhammadu Buhari’s two-day visit to the country. According to a statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, the agreements included that of…
By Nick Cunningham The upcoming OPEC meeting on June 22 is shaping up to be a contentious one, after news broke that the U.S. government asked Saudi Arabia to increase oil production before Washington pulled out of the Iran nuclear deal. Earlier last week, news surfaced that the U.S. government asked Saudi Arabia to boost…
By Energy Worth The schedule of competitive events that would culminate in the grand finale of the Nigerian National Petroleum Corporation (NNPC) 2018 National Science Quiz competition has been released. A statement by Group General Manager, Group Public Affairs Division of NNPC, Mr. Ndu Ughamadu, said the year’s grassroots segment of the competition, comprising participation…
The electricity Distribution Companies DISCOs, said, on Thursday, that about N299 billion is required to close the 4.1 million metering gap. Prepaid Meters The DISCOs also seek more capital expenditure, CAPEX, window and legislative actions for mobile courts to swiftly tackle energy theft and meter bypassing. The Association of Nigerian Electricity Distributors, ANED, said during…
Minister of State II for Power, Works and Housing, Alhaji Sulaiman Hassan Jara first announced that the Federal Government of Nigeria (FGN) planned to invest N72 billion in the electricity distribution companies (DisCo). In a subsequent announcement, the Hon. Minister of Power, Works and Housing, Mr Babatunde Raji Fashola (SAN), stated that the Federal Government…
By Tsvetana Paraskova Oil market analysts are looking into the global supply and demand picture to guess where the price of oil is heading, and opinions and forecasts always vary widely. While oil bulls are focusing on the loss of supply from Venezuela and a potential reduction of Iranian exports to justify their view that…
