French company Total Oil Trading SA (TOTSA) will supply gasoline to the Angolan market in the coming 12 months. This was announced Tuesday in Luanda by the State-owned Oil Company, Sonangol. Sonangol also announced the supply of diesel and marine diesel by the Swiss company Trafigura, which had already operated in Angolan market. The decision…
A new report released by the German Solar Association (BSW-Solar) and the Becquerel Institute have revealed that with the arrival of many international investors and the race for solar projects, Africa is on track to multiply its current solar capacity six-fold or 30 gigawatts (GW) by 2030. According to the Solarise Africa Market Report, the…
Nigeria and other members of the Economic Community of West African States (ECOWAS) can adopt renewable energy 100 per cent by 2050, a report by the Energy Watch Group (EWG) and the Lappeenranta-Lahti University of Technology (LUT) has said. The report entitled: “Global energy system based on 100 per cent renewable energy”formed the crux of…
THE Nigerian National Petroleum Corporation (NNPC) says all shortlisted candidates for its recruitment will sit for Computer Based Testing (CBT) on Saturday, June 1, 2019 across the Country. Mr Ndu Ughamadu, the corporation’s spokesman, disclosed this in a statement in Abuja on Thursday. He said that the scheduled CBT for shortlisted candidates marked the third…
President João Lourenço chose South Africa as his first state visit destination as President, which was followed in 2018 by a South African trade and investment mission to Luanda JOHANNESBURG, South Africa, May 23, 2019/ — As Angola works in attracting foreign investors from the Americas, Europe, the Middle East and Asia, its closest…
Nigeria’s first and only 100% private and indigenous industrial Free Zone, LADOL has commenced its annual safety week. This is the first time the company has held this event to highlight the company’s safety best practices, share learnings with stakeholders and new targets for safety in the coming year. LADOL’s Managing Director, Dr Amy Jadesimi…
Nigerian National Petroleum Corporation meets its financial obligation to the country, remits N1.26 trillion to the federation account THE Nigerian National Petroleum Corporation, NNPC, said it met its financial obligations to the Federation Account in 2018 by remitting N1.26 trillion as against the N1.22 trillion projected in the 2018 budget, recording a surplus of N41billion. Managing Director…
ZIMBABWE’S energy regulator on Tuesday announced that prices of diesel and petrol had been increased by up to 47 per cent. The hike which took immediate effect had come a day after the central bank said oil firms would now buy dollars to import fuel on the interbank market. The price of petrol has increased to RTGS$4.97, up from…
THE Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside, has said that Nigeria is way overdue for an active national fleet that will properly position it in the comity of maritime nations. Dakuku stated this in Lagos when he played host to members of the National Fleet Implementation Committee (NFIC)…
Ondo Community demands $2.5 billion compensation from Chevron Nigeria Limited over fire incident in oil well THE affected communities in Ondo State is demanding $2,5 billion form Chevron Nigeria Limited as compensation for damages incurred in the aftermath of the fire that erupted from an oil well belonging to the company. The fire incident,…