Strong and coherent energy policies that successfully integrate the three dimensions of sustainability, equity, and security of supply which constitute the Energy Trilemma are not just the preserve of rich countries, a report by the World Energy Council, WEC has disclosed. The report which was launched today at the World Energy Week taking place in Milan disclosed that strong…
The price of OPEC basket of fifteen crudes stood at $83.17 a barrel on Tuesday, compared with $81.88 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic…
*GE Power scope of work at Medupi includes six turbine islands, air-cooled condensers, and overall project and construction management *Marks the fifth Medupi unit to come into service, increasing plant capacity to 4,000 MW – enough power for nearly three million South African households; *GE Power scope of work at Medupi includes six turbine islands,…
Stakeholders in Ogoni have said that the announcement by Federal Government that the sum of $177million has been raised for the clean up of Ogoni, is a political gimmick and part of elections campaign strategy of the President Muhammadu Buhari led administration. Recall that the Minister of State for Environment, Ibrahim Jibril, had on Monday…
The Nigerian National Petroleum Corporation, NNPC, in its newly-released performance report for June 2018, said a total of 744 million standard cubic feet of gas per day, mmscf/d, was delivered to gas-fired power plants in the month. The 744mmscf/d of gas was utilised in the generation of about 2,970MW of power compared with that of…
Nearly 40 percent of daily crude oil production and more than one-third of natural gas output was lost from offshore U.S. Gulf of Mexico wells on Wednesday because of platform evacuations and shut-ins ahead of Hurricane Michael. Michael intensified to a Category 4 storm and is expected to hit the Florida Panhandle later Wednesday with…
A total of 12 students have benefited from the 2018 edition of the Nigerian Liquefied Natural Gas Company Limited, NLNG, post graduate scholarship awards. The postgraduate category which commenced in 2012, has produced a total of 68 scholars who studied or are about to study at leading universities in the United Kingdom, while the undergraduate…
The activities of Samsung Heavy Industries, SHI, in Nigeria are well known for two things: the good and the bad. The good is that it successfully built and delivered the the multi-billion dollar Egina Floating Production and Offloading, FPSO, vessel which is expected to add 180,000 barrels per day of crude oil to Nigeria’s production…
The Muhammadu Buhari administration is stepping up the regulations on money laundering and tax evasion by releasing a new Executive Order tagged ‘Voluntary Offshore Assets Regularisation Scheme (VOARS).’ The new Executive Order (008) takes effect from October 8, the day it was signed by President Muhammadu Buhari. According to a spokesperson of Mr. Buhari, Garba…
