IE Spends about 250m to Replace Faulty 15MVA Power Transformer to Boost Power Supply to Ikorodu Communities Nigeria’s leading Electricity Distribution Company, Ikeja Electric Plc (IE) in its efforts to strengthen critical infrastructure to ensure improved service to its esteemed customers in the Ikorodu axis of Lagos State recently replaced the faulty 15MVA power transformer…
Unremitted Revenue Rises to $9.85bn, NEITI Latest Oil And Gas Report Reveals The total unremitted revenues to the Federation by some relevant government agencies and companies in the oil and gas sector in the year 2021 have risen to over $9.85bn. The figure and other vital pieces of information and data about Nigeria’s petroleum sector…
Air strikes destroy over 30 illegal refineries in Rivers Air strikes from the air component of Operation Delta Safe have destroyed no fewer than 30 active illegal oil refining sites in Cawthorne Channel and Bille, in the Degema Local Government Area of Rivers State. Also, storage tanks, reservoirs, and Cotonou boats suspected to be siphoning…
Asharami Synergy Kenya Commends Youth Participation in Energy Transition Asharami Synergy Kenya (a Sahara downstream company) has applauded the involvement of youths in the critical discourse on energy transition and sustainability, following the recently concluded Africa Climate Summit 2023 in Kenya. The summit ended on a hopeful note, with President Willaim Ruto of Kenya declaring…
Brazil Could Drill For Oil in Environmentally Sensitive Offshore Area Brazil could launch oil exploration in an environmentally sensitive deepwater basin if state oil giant Petrobras has a “cautious” approach to drilling in the area, according to Brazilian Finance Minister Fernando Haddad. The so-called Equatorial Margin offshore Brazil including the Foz do Amazonas, Pará-Maranhão, and…
Cutting Out Fossil Fuels Will Lead to “Energy Chaos” – OPEC OPEC’s top official warned against abandoning fossil fuels, hitting back once again at remarks from the world’s energy watchdog. Cutting out fossil fuels “would lead to energy chaos on a potentially unprecedented scale, with dire consequences for economies and billions of people across the…
Germany Likely To Pass 50% Mark for Renewable Power This Year Germany is likely to generate more than 50% of its power from renewable energy this year but needs to ramp up the speed of its transition towards the end of the decade, Economy Minister Robert Habeck said on Monday. With demand for electricity on…
EAST AFRICA MANUFACTURING INDUSTRY – The Welding Federation (TWF) and Rwanda Development Board (RDB) Meet on Growing African Content in Manufacturing The management of TWF and representatives of the Rwanda Development Board held a meeting on African content agenda in manufacturing in Kigali on the 15th of September, 2023. At the meeting, TWF availed RDB with…
Global LNG – Asian Spot Prices Inch Up As Market Eyes Australia Strikes, Freeport Asian spot liquefied natural gas (LNG) prices inched up this week amid supply concerns as workers at Chevron’s Australia LNG projects escalated industrial action and as feedgas intake at U.S. Freeport dropped below normal capacity. The average LNG price for October…
US Drillers Add Most Oil and Gas Rigs since November -Baker Hughes The oil and gas rig count, an early indicator of future output, rose nine to 641 in the week to Sept. 15, its highest since mid-August. Despite this week’s rig increase, Baker Hughes said the total count was still down 122, or 16%,…
