Damilola Shittu with Agency Report Nigeria’s oil revenue shop up by 129 per cent to N9.4 trillion in 2018 buoyed by increased crude oil price. Investigations revealed that average price of Nigeria’s crude oil; Bonny Light rose by 26 per cent to $70.66 per barrel in 2018 from $52.51 per barrel in 2017. Indication that…
France plans to double its renewable energy capacity with a system of regular tenders under a draft 10-year energy strategy plan published on Friday. According to Reuters, the so-called PPE plan, which lays out capacity targets for various energy sectors over the 2019-2023 and 2024-28 periods, also confirmed that four to six nuclear reactors –…
By Susanna Twidale Lightsource BP, Europe’s biggest solar energy developer, will build a 70 megawatt (MW) solar project for Penn State university in Pennsylvania, the company said on Tuesday. The project is expected to be complete by July 2020 and will provide around 25 percent of the university’s state-wide electricity demands for 25 years, Lightsource…
ExxonMobil and partner Qatar Petroleum said today they have made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024. “Golden Pass will provide an increased,…
