Oil and gas companies operating in Nigeria got a total of 12,383 service permits in 2018 for the services rendered in the sector. The Punch has reported. The Department of Petroleum Resources (DPR) said the service permits were issued in three categories. In a document detailing some of its achievements in 2018, which was obtained…
By Laurie Hammond and Thibaut Hollanders The world, including investors, will keep a close eye on the various national elections to be held in Africa this year. The lead up and aftermath of national polls usually comes with uncertainty, something which investors tend to avoid if possible. National elections have recently been completed in the…
The Transmission Company of Nigeria said on Thursday that it had raised a total of $1.623bn for power transmission projects across the country. The News Agency of Nigeria (NAN) has reported. The Managing Director/Chief Executive Officer, TCN, Mr Usman Mohammed, who disclosed this in Lagos at the inauguration of a substation in Ilashe, said the…
Five people have been killed by a gas explosion in an unused coal mine in South Africa’s eastern province of Mpumalanga and several others remain trapped, police said on Thursday. State broadcaster SABC said about 20 people were still stuck underground at the mine in Middleburg. According to Reuters, rescue efforts were hampered by dangerously…
Esther Ajibola – Lagos The management of Nigeria’s largest power generation company, Egbin Power Plc, is increasing both technical and engineering works to generate power at installed capacity before end of this month. The management also reaffirmed its commitment to ensuring the power plant increases its electricity generation capacity by 100 per cent in 2019,…
Introduction The Nigerian Gas Flare Commercialization Programme (NGFCP) was launched by President of the Federal Republic of Nigeria, Muhammadu Buhari, in his capacity as the Minister of Petroleum Resources (Minister) on 13th December, 2016. The objective of the NGFCP is to establish a bankable commercial framework for the monetization of flare gas, by providing flare…
Crude oil production by the Nigerian Petroleum Development Company (NPDC), the flagship subsidiary of the Nigerian National Petroleum Corporation (NNPC), has increased by 57,000 barrels per day. The NNPC, in its January 2019 news edition obtained in Abuja on Monday, said crude production by the NPDC increased from 108,000bpd in 2016 to 165,000bpd in 2017….
The power and water industries on the continent have responded with enthusiasm to the latest call for nominations for the sixth edition of the annual African Power, Energy and Water Industry Awards that returns to Cape Town on 15 May 2019. Pioneering utilities, projects and people in the energy and water industries on the continent…
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 –…
