Angola 2020 Onshore Bid Round will officially open in January 2021 and bids must be submitted by March 10th 2021. Nine blocks are on offer, in the Lower Congo and Kwanza Basins. The country’s International Competitive Bid Round for oil gas licenses, announced last year, is a scheduled offering for onshore and offshore, in the…
The Nigerian Content Development and Monitoring Board (NCDMB) and key organisations in the oil and gas industry – the Petroleum Technology Association of Nigeria (PETAN), Petroleum Contractors Trade Section (PCTS), Oil Producers Trade Section (OPTS) and the Nigeria LNG Ltd have advised against increasing the percentage of the Nigerian Content Development Fund (NCDF) from the…
By Ikenna Omeje The Manufacturers Association of Nigeria (MAN) has decried differences in electricity tariff by electricity Distribution Companies (DisCos) and called for a uniform electricity tariff, noting that the current structure favours some regions and strain others. President of MAN, Engineer Mansur Ahmed, who stated this in a release,called on the Federal Government to…
By Ikenna Omeje The Managing Director, Shell Nigeria Gas Limited (SNG), Ed Ubong has disclosed that the company has commenced the construction of a huge gas plant in the commercial city of Aba, in Abia, News Agency of Nigeria (NAN) reports. According to a release by Shell Manager of Media Relations, Bamidele Odugbesan, Ubong stated…
In its bid to provide access to electricity for about 80 million Nigerians who do not have access to electricity, the Federal Government has called for more private sector funding to close an energy gap of $2.48 billion. The Managing Director and CEO of the Rural Electrification Agency (REA), Ahmad Salihijo Ahmad, disclosed this on…
The Africa Energy Forum will host a special presentation on 21st October at 10am (South Africa time) by EMROD CEO and Founder Greg Kushnir, demonstrating the world’s first ever long-range wireless transmission project, currently operating in New Zealand. EMROD has developed the world’s first commercially viable long-range, high-power, wireless power transmission as an alternative to existing…
The African Development Bank (AfDB) and EnergyNet, organisers of the Africa Energy Forum (AEF), have created the ‘African Utility of Future’ competition enabling teams to compete for a USD $5,000 prize.The Power, Energy, Climate and Green Growth Complex (PEVP) of AfDB will participate at AEF2020, mainstreaming the concept of: “The African Utility of the Future” – the…
Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019. A statement by the Corporation’s spokesman, Dr. Kennie Obateru, quoted the NNPC Chief Financial Officer (CFO),…
The Niger Delta Power Holding Company (NDPHC) limited executive board has been broaden following the appoint of three new Executive Directors by President Muhammadu Buhari, The three new Executive Directors are for Generation Directorate, Abdullahi Kassim from North West; Corporate Services Directorate, Nkechi Mba from South East; and Executive Director in charge of Legal Services and…
The President of the World Bank Group, David Malpass has commended the Federal Government of Nigeria for removing subsidies on petroleum products. According to the News Agency of Nigeria (NAN), he stated this in Washington D. C., United States of America, on Wednesday at the opening press conference for the World Bank at the ongoing…