Senate passes Petroleum Industry Bill, approves 3% for host communities
The Senate on Thursday passed the Petroleum Industry Bill and approved 3 per cent for the host communities
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Schneider Electric to host Innovation Day 2021, emphasize link between Digitisation and Sustainability
Schneider Electric, the leader in digital transformation of energy management and automation, will be hosting its 2021 Innovation Day come July 6, 2021.
RP Global and OOLU Solar partner to launch Westa.Solar, West African new commercial and industrial solar venture
RP Global and OOLU Solar partner to launch Westa.Solar, a new commercial & industrial solar venture in West Africa
Nigeria lost N851bn to oil theft, sabotage —NEITI
Nigeria lost N851.84bn ($2.78bn) to oil theft and pipeline sabotage in 2019, the Nigerian Extractive Industry Transparency Initiative (NEITI) has said. NEITI said this in its latest oil and gas industry audit report. NEITI stated that it arrived at the estimate after using an average price of $65.61 per barrel and an average exchange rate…
OP-ED: Nigeria’s latest gas-related power shortages could have been avoided, here is why
On 28 May 2021, Nigeria’s national power generation dropped to 3,059 MW and for the subsequent seven days remained below 4,000 MW, six percent below average production. Low pressure on the Escravos-Lagos Pipeline System (ELPS) left several gas turbine power plants with insufficient gas supply, leading to plant shutdowns and widespread power blackouts.
Latest growth figures on global hydropower capacity, not clean-cut
The International Hydropower Association’s 2021 status report shows that installed global hydropower capacity rose by 1.6% to 1,330GW over the past year but is falling short.
Niger, Togo, others to buy Nigerian idle electricity
Niger, Togo, Benin and Burkina Faso are collaborating to buy the unutilised power produced in Nigeria, the Chairman of the Executive Board of the West African Power Pool, Sule Abdulaziz, said on Wednesday.
Global leaders call for concrete commitments for clean, affordable energy for all by 2030
Recognizing the urgent need for action, leaders from the United Nations, the private sector, national and local governments, youth and other organizations issued a joint call today for countries, businesses, cities and civil society groups to put forward their “Energy Compacts” to show how they will achieve the goal of clean, affordable energy for all by 2030 (SDG7) and net-zero emissions by 2050.
OP-ED: Changing SA fuel landscape opens fields for new BEE players
The spate of recent closures of major refineries in South Africa, and the uncertainty over whether it’s worthwhile to lift the local refining industry up off its knees, has fundamentally changed the country’s fuel landscape.
NNPC plans to acquire stakes in six private refineries
The Nigerian National Petroleum Corporation (NNPC) on Monday said it is currently considering equity participation in some private refineries across the country.