The Nigerian Gas Association is concerned that state intervention in gas pricing in aid of end users is having unintended negative consequences on other sections of the value chain. “We feel that the government should not throw interventions at one end of the value chain without looking at the roll back effect”, argues Audrey Joe-Ezigbo,…
Multinational Companies operating in Nigeria ceased to worry about reserves growth in shallow water and onshore acreages as far back as 25 years ago, it has been argued. The companies reneged on the Memorandum of Understanding (MoU) they had with the state hydrocarbon company, NNPC, to invest in exploration, according to a ranking insider. “Half-hearted…
Kampala, Tuesday 25 June 2019. Pan-African connectivity provider, BringCom, in partnership with science and technology investor, Imprimatur Capital, and European edge cloud software company, GIG Technology, have together birthed what is to provide the African technology industry with cloud sovereignty – afriQloud. Today launched in Uganda, afriQloud will provide, at internationally competitive rates, local and foreign…
A Lagos Federal High Court has fixed July 22 for the hearing of the substantive suit brought by two chief executive officers of Oando Plc, seeking enforcement of their rights. The court also fixed July 4th to hear arguments on the motion for consolidation. At the resumed hearing, Mr. Yele Delano (SAN) announced appearance for…
JUMEME Rural Power Supply Ltd. (JUMEME), together with the European Union Delegation in Tanzania and its project partners, celebrated the launch of its newly constructed solar-powered mini-grid on Lake Victoria, Mulumo island in the region of Kagera. The facility in Mulumo is one of eleven mini-grids to be commissioned on 10 different islands on Lake…
THE Minority Caucus in Parliament has rang the alarm bell over what it said was “the ever rising and crippling debt” in the energy sector. The caucus claimed President Nana Addo Dankwa Akufo-Addo, had not only failed to appraise Ghanaians on the accumulating debt, but had at various fora, “sought to mislead the public about…
The first stage of President Donald Trump’s Middle East peace plan will be launched on Tuesday at a conference the White House touts as a bid to begin drumming up 50 billion dollars in investment, but which Palestinians deride as an “economy first” approach doomed to fail. The two-day international meeting in Bahrain, led by…
Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East. Benchmark Brent crude futures were down 34 cents or 0.5 per cent at 64.52 dollars a barrel by 0639 GMT. They dropped 0.5 per cent…
Port Harcourt — The Shell Petroleum Development Company of Nigeria Limited, SPDC, has expressed optimism over the directive issued by the Rivers State Governor, Nyesom Ezenwo Wike, for the Belema flow station and gas plant in OML 25 operated by SPDC/NNPC JV to be reopened in the next seven days. The Belema flow station located in Akuku-Toru…
*The President will be presented the award during the conference, during which he will also present the keynote address Cape Town, South Africa —Africa Oil & Power will present the award to H.E. Macky Sall at its annual conference in Cape Town; H.E. Macky Sall is renowned for his efforts to revive Senegal’s economy and create…