Sahara Power Group’s Managing Director Kola Adesina has said the African Continental Free Trade Agreement (AfCFTA) has the potential to transform the continent’s power sector through alignment of policies, tariffs, cross border manpower collaboration and fresh injection of capital. AfCFTA received a significant boost recently after Nigeria’s President Muhammad Buhari signed the continent’s largest economy…
Oando Plc Group Chief Executive Wale Tinubu has urged indigenous oil and gas companies to invest in the business now that the prices of oil are low. He advised the Federal Government to embrace Public-Private Partnership (PPP) in local refining. According to him, “there is a lot indigenous capacity that can provide solution to refineries….
The Organisation of the Petroleum Exporting Countries (OPEC) has stressed the need for a quick resolution of the conflicts between the U.S., Venezuela and Iran. Following geopolitical conflicts, the U.S. has placed sanctions on Iran and Venezuela, who are both founding members of OPEC. Secretary General of OPEC, Mr Mohammad Barkindo, told newsmen in Vienna…
Zimbabwe’s state-owned power utility, ZESA Holdings needs $14 million monthly for electricity imports from the regional power market, its acting Chief Executive Patrick Chivaura said on Monday. “If we clear our debts to (South African power firm), Eskom, and (Mozambique’s hydropower company),HCB, it would wipe out our (power cut) problems today, I repeat, today,” Chivaura…
Oil and gas workers on Monday identified obsolete refineries and pricing uncertainties as some of the areas that Mr MeleKyari, new Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), must tackle. The workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) said in a statement in Lagos that Kyari must…
Total Exploration and Production, Nigeria Limited, Lagos, has urged Nigerian youths to read for mental stimulation and self-development. Its Executive Director and Financial Officer, Mrs Tai Oshisanya, said this at the 5th Total Book Reading Open Day Event with the theme: “Read to Lead’’. The event was held at Eko Tower Canteen on Victoria Island…
The Port Harcourt Electricity Distribution Company (PHED) says the current blackout in Bayelsa is caused by transmission constraints outside its control. The power outage being experienced across Bayelsa was worsened by a total system collapse that threw the entire state in darkness since Thursday. Reacting to the development, Mr John Onyi, Manager, Corporate Communications, PHED who…
Global Process and Pipeline Services Limited (GPPSL), the only Nigerian company focused solely on process and pipeline services, has acquired three massive flooding pumps with the capacity of 3,150 USG per minute and close to 600 PSI each, together with three massive lifting pump (6,000 USG/Min.) each and other connections that go with the…
The newly appointed Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Mr Mele Kyari has pledged to reposition the corporation. Kyari said he would make the NNPC to be a global company of excellence to portray the good image of the company. He made the pledge on Tuesday in Abuja when he paid a courtesy visit…
The Organisation of the Petroleum Exporting Countries (OPEC) said on Monday that oil and gas remained part of key solutions in combating climate change. Secretary General of the organisation, Mr Mohammad Barkindo, tated this in Vienna while speaking against the backdrop of mass mobilisation of civil society campaigns against the oil industry. “We believe that oil…