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 –…
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,…
Nigeria’s former Vice President and presidential candidate of the People’s Democratic Party (PDP) Alh Atiku Abubakar, on Tuesday, promised to complete the Mambilla Dam if elected president in the forthcoming presidential election. The Sun has reported. Abubakar made the promise while addressing party faithful in at the presidential campaign of the party in Jalingo. He…
By Oke Peter The leadership of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association (PENGASSAN) has again appealed to President Muhammadu Buhari to accelerate the final executive assent to the entire Petroleum Industry Bill (PIB). The oil workers argued that the bill, when passed into law,…
Damilola Shittu – Abuja The Minister of Power, Works and Housing, Babatunde Fashola, has stated that power generation in Nigeria increased by 100 per cent within a space of three years. Fashola, who disclosed this while playing host to members of the Federation of Construction Industry in his office on Monday in Abuja, specifically stated…
Damilola Shittu – Abuja The Ministry of Mines and Steel Development said it revoked 4,176 mining titles between 2011 and 2018. The Ministry disclosed this in a report made available to newsmen in Abuja. It said that 908 mining titles were revoked in 2011, none was revoked in 2012, 548 were revoked in 2013 and…
Oil prices gained roughly 18 per cent in January, the largest gain for that month of the year on record. “A break through $55 in WTI and $65 in Brent would be a very bullish signal for these and could be the catalyst for more significant upside, with oil having stabilised over the last few…
