ACWA Power Inks Major Renewable Development Deal Kazakhstan ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has announced a ground-breaking partnership agreement with the Republic of Kazakhstan’s Ministry of Energy and Samruk-Kazyna, the sovereign wealth fund of Kazakhstan to lead and develop a 1GW…
Schneider Electric’s Ecostruxure Supports Net-Zero Buildings Schneider Electric, the leader in the digital transformation of energy management and automation, today announced its enhanced solutions to increase building sustainability. Included are new integration capabilities in EcoStruxure™ Building Operation 2023, EcoStruxure Connected Room Solutions, and EcoStruxure Power Monitoring Expert, which will help simplify and speed-up access to…
Big Oil Takes Centerstage at Houston Meet as Markets, Alliances Shift Top energy executives and officials from around the world will descend on Houston next week just as the political fallout from Russia’s invasion of Ukraine a year ago continues to distort global oil supply lines and put long-term energy security front of mind for…
Universal Energy Facility Provides Grants to Solar Projects Across Nigeria The Universal Energy Facility (UEF) – a results-based financing facility managed by Sustainable Energy for All (SEforAll)– has announced that it will provide grants to renewable energy companies who applied to have their projects financed as part of the facility’s Stand-alone Solar for Productive Use…
Africa’s total population is projected by Statista, a leading provider of market and consumer data, to reach about 2.5 billion by 2050. As of 2020, the continent’s total population stood at around 1.34 billion, with Nigeria, Ethiopia, and Egypt as the most populous countries. According to Statista, Africa would experience population explosion in the coming…
EIGHT NIGERIAN ACADEMICS, SEVEN OTHERS INDUCTED AS SHELL RENEWS SABBATICAL, RESEARCH POSITIONS FIFTEEN Nigerian academics and research interns have been inducted into a one-year sabbatical and research internship programme at a ceremony held recently at the Port Harcourt Headquarters of the Shell Petroleum Development Company of Nigeria Limited (SPDC). The ceremony marks the resumption of the…
Buhari performs Groundbreaking of Oloibiri Museum, as Industry stakeholders power project The groundbreaking of Oloibiri Museum and Research Centre (OMRC) was performed on Tuesday by President Muhammadu Buhari, an event that attracted leaders of the Nigerian oil and industry who made firm commitments to the execution and sustenance of the project. President Buhari was represented…
U.S. Crude Oil Exports to be in Demand in 2023 as Trade Flows Reshuffle U.S. crude oil exports that have been boosted by a trade flow reshuffle in the aftermath of Russia’s invasion of Ukraine will remain elevated this year as Europe and Asia search for supplies, company officials and analysts said. Western sanctions on…
OPEC+ Decisions not Politicised- Saudi Energy Minister Decisions by OPEC+ are not politicised and are based on market fundamentals, Saudi Arabian energy minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance of oil producers is sufficiently flexible to adjust policy as needed. Prince Abdulaziz was speaking at a media forum in the…
China Set for Record Crude Oil Imports in 2023- Analysts China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following the dismantling of COVID-19 controls and as a result of new refineries coming onstream, analysts said. The prospect of strong demand…
