New discoveries’, Nigeria’s gas flare commercialization to drive Africa’s gas economy
Since this year, there had been rising discoveries of gas reserves amongst several oil and gas economies including Nigeria, Gabon, Senegal, Sudan, Ghana, E’Guinea, S’Africa, Mozambique, Kenya and others. Aside new gas deals, the Nigerian Federal Government under the new…
Ikeja Electric gives insights on transforming Nigerian energy sector
Leading power distribution group, the Ikeja Electric Distribution Plc, has explained key strategic pillars to be considered in the process of resetting and repositioning the nation’s energy industry for better results. Speaking at the recent Nigerian Academy of Engineering (NAE)…
Endless wait for U.S.-China talks keeps oil prices steady from last week’s gains
Oil prices were little changed on Monday following steady gains in the previous week with investors awaiting fresh clues over prospects for a trade deal between the United States and China, shrugging off concerns over steadily rising oil supplies. Brent…
Fuel scarcity looms in Lagos as IPMAN fumes over Customs seizures
…Petroleum products imports drops at seaport Strong indication emerged weekend, showing serious chances of fuel scarcity within Lagos metropolis beginning from today depending on official responses. Trouble leading to the fears is linked to the position of the Independent Petroleum…
Shell opens up on unlocking African countries’ economic potentials
The Vice President, Exploration Middle East & Africa, Shell, Colette Hirstius has explained that the African oil and gas industry faces unique challenges and opportunities. She noted that “These are often driven by geology, the maturity of the industries and…
Lets create legacy for future generations on environmental discipline—Sylva
The Minister of State, Petroleum Resources, Chief Timipre Sylva, has called on Nigerians and industry experts to raise their game in driving environmental protection and issue around climate change management for the sake of present and future generations in the…
Remark by OPEC scribe that U.S. shale growth may slow in 2020 jerks price
As the week draws curtain, oil prices leaped Thursday after industry data showed a surprise drop in U.S. crude inventories while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support for oil….
Again, oil slips as US-China trade deal hopes dwindle
Oil prices dipped on Wednesday as prospects for a trade deal between the United States and China dimmed, weighing on the outlook for the global economy and energy demand. Reuters reports that U.S. President Donald Trump said on Wednesday that…
Cummins boss canvasses embedded power plant to tame electricity crisis
The Managing Director, Cummins West Africa Limited, Ade Obatoyinbo, has called on the Federal Government to consider adopting use of embedded power plant to solve Nigeria’s intractable power crisis. He argued that instead of the Federal Government’s plan to use…
‘Foreign investors’ on heavy machineries can’t survive on weekly power collapse’
Experts in development economics have given fresh reason why several roadshows and international campaigns by the Federal and State governments cannot convince deep pocket investors who rely on use of heavy machineries to do their business. In an interview with…
