The Group Managing Director of the Nigeria’s National Petroleum Corporation (NNPC), Dr. Maikanti Baru said Nigeria’s participation at the annual Offshore Technology Conference (OTC) in Houston, Texas, United States of America, had grown from mere jamboree-like activity in the 1990’s to a fully-fledged engagement where indigenous oil services companies parade their competencies and proven job…
Energy Worth with Agency Report The African Development Bank, (AfDB), on Wednesday, says that no fewer than 650 million Africans currently live without electricity. AfDB Director, Communication and Media Relations, Dr Victor Oladokun, disclosed this while welcoming African Journalists on a Media Tour to Saemaul Undong Model village project, in Yamoussoukro, Cote d’Ivoire. “About 650…
By Energy Worth Residents of Idiaregbe Street in Okumagba Layout, Warri Delta State, on Wednesday protested over four months power outage in their area. The residents, particularly youths who came out their hundreds danced through the adjoining streets to Idiaregbe, chanting solidarity songs. The angry protesters carried placards with various inscriptions. Speaking on behalf of…
The Big Oil playbook has been straightforward for decades: Higher prices mean offshore projects that are further, deeper, more complex than ever before. It’s different this time, according to Royal Dutch Shell Plc. Deepwater projects need to break even at $40/bbl, or preferably lower, said Harry Brekelmans, Shell’s project and technology director, in an interview…
The Managing Director of Champion Breweries, Uyo, Akwa Ibom State, Mr. Patrick Ejidoh, has said that not less than N1 billion is being spent by the company annually on diesel to provide electricity for its operations. He said that surviving manufacturing companies in the country also spend much on power while this not only impacts…
Yetunde Fadeyi is the founder, Renewable Energy and Environmental Sustainability (REES) Africa. A graduate of the University of Ibadan and entrepreneur. In this interview with Oke Peter, she bares her mind on the activities of her organisation. Excerpts Can you briefly introduce yourself and explain the idea behind REES Africa? My name is Yetunde…
Energy Worth with Agency Report There are strong indications that a new metering policy of the federal government, known as Meter Asset Providers (MAP) regulation, aimed at achieving full metering of electricity consumption in the country within three years, may suffer serious setback as a result of mounting liquidity crisis in the nation’s power sector,…
SABIC and ExxonMobil announced today that they have created a new joint venture to advance development of the Gulf Coast Growth Ventures project, a 1.8 million tonne ethane cracker currently planned for construction in San Patricio County, Texas. The facility will also include a monoethylene glycol unit and two polyethylene units. “We are very pleased…
Emmanuel Katepa is the Chief Executive Officer/Managing Director of Copperbelt Energy Corporation (CEC), a core investor in the privatised Abuja Electricity Distribution Company (AEDC). In this interview, Katepa speaks of AEDC’s strategies to raise monthly remittances for bulk energy from the Generation Companies (GenCos) from 35 per cent to 60 per cent before year end….
Latest documents obtained from Nigeria’s power System Operator indicated that peak electricity generation crossed the 5,000-megawatt mark last week. According to the SO, a peak power generation of 5,090MW was recorded on April 26, 2018, which was the highest quantum of electricity ever witnessed on the national grid since the beginning of this year. An…
