Feedgas Volumes to U.S. Freeport LNG Plant Plunge The volumes of feedgas into the major U.S. LNG export facility Freeport LNG plummeted this weekend, at a time when the global gas market could tighten ahead of the winter with a strike at Australian LNG plants and maintenance in Norway. Feedgas flows to Freeport LNG plunged…
Power Cuts Hit Sierra Leone after 40 Million USD Unpaid Debt Turkey’s Karpowership has switched off electricity supply to Sierra Leone’s capital city Freetown over an outstanding debt of some $40 million, the energy minister of the West African country told Reuters on Friday. Karpowership has 36 powerships with a total of 6,000 MW of…
We Must Bring Africa Out Of Energy Poverty – NNPCL Chief Strategy Officer The Chief Strategy and Sustainability Officer of the Nigerian National Petroleum Company Limited, Oritsemeyiwa Eyesan, has called for more support from oil and gas stakeholders to take the continent of Africa out of energy poverty. She said this at the 2023 edition…
NERC and NiNAS Collaborate to Improve Power Sector Laboratory Testing The Nigerian Electricity Regulatory Commission, NERC, collaborating with the Nigeria National Accreditation System, NiNAS, has held training on competence requirements testing and calibration laboratories – ISO/IEC 17025:2017. The three-day meeting held at the NERC headquarters had the theme: Understanding the application of ISO/IEC 17025:2017 in…
Weakening Demand Could Send Oil Prices Back Down to 71 USD – Gunvor Brent Crude prices could retest the $71-72 per barrel threshold over the next six months amid weakening demand in Europe and the United States and a lot of uncertainty over China’s consumption, commodity trading giant Gunvor Group says. The oil market is…
NAEC Conference – Industry Leaders, Experts to Discuss Opportunities in Energy Sector Industry leaders and expert speakers will on October 05, 2023 share insights, leanings and provide the very best peer-reviewed analysis on opportunities to the already dwindling investments in Nigeria’s energy sector. In a release signed by the Public Relations officer of the Association…
Navy says NIMASA’s Deep Blue Assets Deployed Enhances Maritime Operations The Nigerian Navy says assets acquired by the Nigerian Maritime Administration and Safety Agency, NIMASA under the Integrated National Security and Waterways Protection Infrastructure, otherwise known as the Deep Blue project, have been deployed across the Southwest, Central and Eastern Zonal operations to enhance patrol…
Sinopec not Interested in Acquiring Singapore Assets of Shell Asia’s top refiner, Sinopec Corp, is not interested in acquiring Shell’s refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia, the Chinese company’s president said recently. Sinopec President Yu Baocai was speaking after sources last…
South African Rand Edges Up at Start of Data-Filled Week The South African rand edged up against a weaker dollar in early trade on Monday, at the start of a packed week for local economic data. At 0645 GMT, the rand traded at 18.5750 against the dollar, about 0.2% stronger than its closing level on…
Nigeria’s Unemployment Rate Drops Sharply to 4.1% About three-quarters of Nigeria’s workers were employed as the jobless rate fell to a record low in the first quarter, the statistics office said, after it revised the methodology for computing the data “in line with international best practices”. The unemployment rate stood at 4.1% in the first…
