LONDON – Noble Corp. plc has issued an update on its offshore drilling rig fleet. Offshore Myanmar, PTTEP has awarded the semisubmersible Noble Clyde Boudreaux a one-year contract extension. The extension is from mid-March 2019 to mid-March 2020. In the US Gulf of Mexico, Talos Energy Inc. has extended the contract for the drillship Noble Don Taylor. The contract runs from mid-April to early June 2019….
The Chamber believes South Sudan’s leadership also has an obligation to creating an enabling environment of investors to put more money into the country JOHANNESBURG, South Africa, April 21, 2019/ — South African and African private sector participants have an amazing opportunity to invest in South Sudans’ peace and make huge profits. This week the…
Atlas Oranto Petroleum is expecting to be investing close to $350 million on pooling supply from stranded gas fields in Equatorial Guinea and the Gulf of Guinea LONDON, United Kingdom, April 1, 2019/ — Following the signing of Definitive Agreements for the monetization of gas from Equatorial Guinea’s Alen Unit, pan-African oil and gas exploration…
By Central Bank of Nigeria’s Director of Development Finance Department, Dr. Mudashiru Olaitan The key mandate of the development finance department is promoting access to finance to ensure job creation and sustainable inclusive economic growth in Nigeria. Dr. Mudashiru Olaitaniscurrently the Director of the Development Finance Department, Central Bank of Nigeria (CBN) charged with the…
Gilching, Germany (April 15, 2019) – Torqeedo provided the integrated propulsion system for the world’s first electric-powered freefall lifeboat, which is being built by the Dutch builder Verhoef. The vessel recently passed its final drop tests, making it the first fully functional electric lifeboat in the world. The first of the new Verhoef aluminium 32-passenger lifeboats will be…
Nigerian Electricity Regulatory Commission, NERC, has issued permits to Abuja Electricity Distribution Company Plc, AEDC, and Jos Electricity Distribution Company Plc, JEDC, under its Meter Asset Providers (MAPs) and ordered rollout of meters from May 1, 2019. JEDC, AEDC will be the first companies being granted permit under the MAPs. This came as the commission…
Lagos State House of Assembly, on Tuesday, urged the National Assembly to expedite action on the passage of the Electricity Reform Act 2018. The lawmakers also urged the Minister of Power, Works and Housing, Babatunde Raji Fashola, to order Eko and Ikeja Distribution Companies (DISCOs) to phase out metering system and provide pre-paid meters to…
The European Union (EU) and All On – an impact finance outfit, would launch a €30 million worth of electrification financing initiative for off-grid and commercial and industrial captive power projects in Nigeria, organisers of the upcoming fourth Nigeria Energy Forum (NEF 2019) have disclosed. According to a statement by the NEF organisers, the funding…
The Chairman, House of Representatives Committee on Power, Steel Development and Metallurgy, Mr. Daniel Asuquo has lamented the deepening liquidity crisis in the nation’s electricity market, just as the Committee pledged to support all those in the electricity market to attain their full potentials. Representative Asuquo made the lamentations in Kaduna when he led members…
Ondo state governor, Oluwarotimi Akeredolu on Saturday inaugurated the 85kw Igbatoro Onigari solar mini-grid power project in Akure North. He also launched the pilot of a scalable 45kw cabin-type mini-grid power project in Gbagira town in Ilaje local government area of Ondo State. Represented by the Special Adviser to the Governor of Ondo State on…