The delay in the award of new oil blocks and uncertainties over existing marginal oilfields are upsetting industry players, amid a warning that the country’s economic development could be jeopardised. Nigeria is projected to witness a shortage of crude oil, as new refineries may have to compete with the sale of the product at the…
By Tsvetana Paraskova Despite reduced costs and efficiency improvements, the UK oil and gas industry could lose its significance as a key contributor to the UK economy and energy supply, due to record low drilling activity and lack of new project approvals, Oil & Gas UK, the main representative body for the UK’s offshore industry,…
By Energy Worth The management of the Nigerian Ports Authority (NPA) has denied any wrong doing in the bid process leading to award of the dredging of the Warri Port Channel to favour any bidder. Reacting to the allegation of process fraud brought against it by one of the project bidders, Dredging Atlantic Limited, the…
By Nick Cunningham Oil demand could peak as soon as five years from now. Predicting the point at which the world reaches peak oil demand has become something of a cottage industry. The estimates range, but tend to fall somewhere around 2030 or later. However, two new predictions – just out this week – put…
Within a period of nine months, 30,000 Zambian households have gained access to energy for the first time. This was achieved through the collaborative efforts between renewable energy company, Fenix International and telecom firm MTN. CEO of Fenix International, Lyndsay Handler, commented: “This marks a great milestone for the entire Fenix Zambia team. ReadyPay Solar…
The operational and commercial performances of Nigeria’s power sector have continued to worry all stakeholders in the value chain. Recent developments are also not allaying the fears of Nigerians in terms of the industry’s sustainability. STANLEY OPARA examines the misfortunes of the industry and the need to address them for national good. Inadequate gas supply,…
A recent study performed by the International Renewable Energy Agency (IRENA), says that hydrogen produced from renewable energy could enable large amounts of power to be channelled into sectors otherwise difficult to decarbonise through electrification. “Hydrogen could, therefore, be the missing link in the energy transition,” the agency said. The target sectors have been highlighted…
THE production of first oil from Total’s $16 billion Egina project is being threatened as the management of Lagos Deep Offshore Logistics (LADOL), banished Samsung Heavy Industries, SHI, from its dockyard. Investigations by Vanguard, weekend, showed that first oil scheduled for December 2018 would likely be affected, especially as many equipment, including hook-up and commissioning…
Energy Worth with Agency Report The Bank of Industry has signed a memorandum of understanding with the Export-Import Bank of China for the provision of a $500m facility towards the establishment of modular refineries in Nigeria. The establishment of modular refineries is part of the Federal Government’s plan to end importation of petroleum products and…
By Haley Zaremba An international team of scientists has made a major breakthrough for the future of sustainable fuel. They achieved this major milestone by copying the methods of some of the cleanest energy producers on the planet—plants. Scientists from the University of Cambridge and the Ruhr University Bochum have discovered a new technique that…
