Crude oil is one of the best commodities to trade. It is a very active market and it is well known with investors around the world. There is usually no shortage of news to cause the price of oil to move from day to day. This presents many good trading opportunities, whether you focus on…
By Thomas Samuel The synergy between solar, energy storage, and digital technologies is a tangible convergence we can see happening today and represents a major opportunity for sustainable cities and economies. Specifically, this revolution will fuel a huge growth in a number of self-powered and connected objects. For solar street lighting, this exponential growth has…
Esther Abiola – Yenagoa A community in Bayelsa State, Agoro 1, has accused Shell Petroleum Development Company (SPDC) of neglecting them after an oil spillage. Lead Consultant to the community, Furoebi Akene, said in a statement that Shell’s failure to proffer solution to the situation, constituted environmental and human rights abuses against them. He accused…
Brazil’s energy sector will see a reform agenda gain momentum from a Bolsonaro win, but a change in direction if Haddad can pull off an unlikely comeback. In this piece, Rodrigo Lucchesi examines the strength and weakness of both camps. Brazil’s impending presidential election run-off offers the country’s energy industry two very clear alternatives. The…
By Oke Peter An oil company based in Nigeria, NIPCO, says it has converted about engines of 5,600 vehicles using petrol to Compressed Natural Gas (CNG) as it is cost effective. The Managing Director of NIPCO, Mr Sanjay Teotia, said this in a statement issued by the Manager, Corporate Communications, NIPCO, Mr Taofeek Lawal, on…
Guinea-Bissau is eager to kick start exploration in acreage shared with oil-rich Senegal, but it’s slow going. Paul Melley writes Guinea-Bissau and Senegal made good early progress in talks to revise the agreement sharing out potential oil and gas revenue from their joint offshore exploration zone. But with both governments under domestic pressure, a scheduled…
By Oke Peter The 8th annual Nigeria Alternative Energy Expo (NAEE) opened on Tuesday in Abuja at the Yar’Adua Centre with hundreds of delegates and participants across Africa and industrialized world. The 8th Annual Nigeria Alternative Energy Expo has the theme tagged: ‘Liberating Economic Drive with Clean Energy’. This year’s edition is one of our…
By Oke Peter The United Arab Emirates (UAE) and the Federal Government have agreed to cooperate in the area of solar energy and artificial intelligence for the mutual benefits of both countries. The agreement was reached during a meeting in Abuja, between the Minister of Science and Technology, Ogbonnaya Onu, and the Ambassador of the…
The Nigerian National Petroleum Corporation (NNPC) has assured motorists and other consumers of availability of petroleum products during the festive period. Group Managing Director, Dr. Maikanti Baru, in a statement on Wednesday said that the NNPC has 37 days fuel sufficiency of which strategies had been put in place to ensure that Nigerians experience a…
By Nick Cunningham Warning signs about the slowing of the global economy continue to crop up, and market jitters are taking the steam out of oil prices. U.S. corporate earnings are no longer sky-high, with a range of factors starting to cut into margins. The U.S.-China trade war has not made headlines in the same…
