Vice President Yemi Osinbajo says the Federal Government’s power sector reforms are already yielding results as steady progress is being recorded in power generation, transmission and distribution capacities on the national grid. Osinbajo’s spokesman, Laolu Akande, in a statement in Abuja, said the vice president spoke at the commissioning of the 2x60MVA, 132/33KV substation and…
Crude oil prices rose more than two per cent on Friday, recovering from two days of declines after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world’s biggest economy. Brent crude LCOc1 was up two at $59.48 a barrel at early trading, after falling 2.1% on…
Some experts in the oil and gas industry have identified style of governance, bad policies and lack of transparency, among the many challenges hindering development of Nigeria’s oil rich Niger Delta. The experts spoke after a documentary screening on the “Impact of Corruption and Conflict on Investments, in Energy Rich Niger Delta Communities’’, in Abuja,…
US Patent Office grants AW-Energy’s Patent Application for WaveRoller® technology. 20 year system fatigue life rating failsafe design maximises reliability, reducing maintenance and costly downtime next generation digital hydraulics provide efficient power generation to extract energy machine learning enabled to control and optimise system performance Finland, August 15, 2019: AW-Energy Oy, the world-leading Finnish…
Richmond, Virginia, August 15, 2019 – Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Franklin Energy Group (Franklin Energy), a portfolio company of Kohlberg & Company, LLC (Kohlberg), on its sale to Abry Partners (Abry). Franklin Energy is a leading provider of demand-side management (DSM) solutions to utility clients….
With record-breaking US gas production this year, and the promotion of gas as a “cleaner, cheaper” energy source a continued priority for the current White House, the US Department of Energy is now looking towards Africa to develop opportunities in the exploration, production and monetization of LNG. In the words of Energy Secretary Rick…
The Department of Petroleum Resources (DPR), Eket Field Office in Akwa Ibom, says it has uncovered seven illegal filling stations in the state. The Operations Controller of DPR in the state, Tamunoiminabo Kingsley-Sundaye, made the disclosure at the end of the organisation’s routine surveillance in Uyo on Friday. Kingsley-Sundaye said that the illegal stations were…
The Ido-Osi Local Government Area of Ekiti, on Thursday, assured the staff of the council that adequate supply of electricity would be provided to create an enabling environment for the area The coordinating director of the council, Mr Williams Adeola, gave this assurance at a meeting with the heads of department of the council in…
In a report that examines the ways in which renewable energy demand is expected to increase, Bloomberg New Energy Finance (BNEF) finds that “aggressive decarbonisation” will be required beyond 2030 to meet the temperature goals of the Paris Agreement on climate change Focusing on electricity, BNEF’s 2019 New Energy Outlook (NEO) predicts a 62% increase…
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, is to lead other team of discussants to x-ray topical issues in oil and gas industry at the 2019 edition of the Association of Energy Correspondents of Nigeria (NAEC) annual conference. The event, which is scheduled to hold at the…
