Algeria is planning to keep unchanged the main clauses in its energy law, including a rule limiting foreign stakes in oil and gas projects, the government said on Monday after a meeting to discuss draft amendments to the law. “The 51/49 rule was maintained,’’ the government said in a statement following the meeting chaired by…
The Department of Petroleum Resources (DPR) has threatened to suspend companies or depots who fail to adhere to the agency’s safety regulations within their operations. DPR’s Head, Public Affairs, Mr Paul Osu, said on Monday in Lagos that the agency had safety compliance guidelines that must be complied with by the companies and depots. A…
Chief Osita Chidoka, former Minister of Aviation has called for more access to information and data on activities of the various tiers of government. Chidoka made the call in a statement issued by Mr Ikechukwu Okafor, his Special Assistant on Media and Publicity in Awka on Sunday. The Peoples Democratic Party (PDP) chieftain said the…
Nigeria Energy Access Fund (NEAF) will make strategic investments in sustainable energy in Nigeria, particularly in the country’s burgeoning off-grid and mini-grid sectors ABIDJAN, Ivory Coast, September 20, 2019/ — The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (ww.AfDB.org), has approved a $500,000 grant to support the development and…
The continent’s energy industry will be gathering at ADIPEC in Abu Dhabi on November 11-14, 2019 to set the industry agenda for 2020 JOHANNESBURG, South Africa, September 23, 2019/ — After a year of remarkable achievements and continuous recovery across Africa’s oil markets, the continent’s energy industry will be gathering at ADIPEC in Abu Dhabi…
With the financial autonomy granted to local government areas in the country, Keana Local Government of Nasarawa State has commenced a 24 Kilometres electricity connection from the 330KVA national grid to Giza and Kadarko towns. This was even as the council also embarked on the construction of five Kilometres of road network across some towns,…
The electricity generating companies (GenCos) under the auspices of the Association of Power Generating Companies (APGC) have threatened to declare force majeure and relieve themselves of all market obligations should the proposed 0.75% gas payment administrative charge by the Nigerian Bulk Electricity Trading company (NBET) be implemented, describing the charge as unregulated and extortionist. Briefing…
The Port Harcourt Electricity Distribution Company (PHED) said over 100,000 customers have received meters in the last two years. Chief Executive Officer of PHED, Naveen Kapoor said y at the official flag off of Meter Asset Provider, (MAP) that the already metered customers were in the Uyo. He said the aim of the MAP was…
The federal government has announced plans to raise daily crude production to three million barrels. It further unveiled key areas that will help realise its transformation agenda in the oil and gas industry. One of the critical measures is ensuring the conclusion of work and the immediate passage of the Petroleum Industry Governance Bill (PIGB)…
As Heads of Agencies of the Ministry of Petroleum Resources Collectively Sign Off on 10 Top Priority Areas and Deliverables. The Honourable Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva has unveiled his roadmap and deliverables for the oil and gas sector and haRoads expressly sought and received the commitment of the Agencies…
