In Angola, the last two turbines of the Laúca hydroelectric plant will be fully operational by June 2019. This announcement was made by Yamba Ambrósio, the chief engineer of the Odebrecht company in charge of the construction of the plant. According to the manager, the project has already reached a physical execution of 90%. The…
Ghana’s Renewable Energy Master Plan has been officially presented to the Ministry of Energy by the Energy Commission. The Master Plan constitutes an investment-focused framework for the development and promotion of the country’s rich renewable energy resources to propel economic growth, improve social life and reduce climate change effects. The plan, when implemented, is expected to help…
An over P4 million project to erect solar street light commenced in Kanye on February 18. Funded through the constituency programme, the project is expected to be completed by April 24. Speaking at the commissioning of the project, Kanye Administrative Authority chairperson Mr Tlhomamo Dibeela said the street lights would not only illuminate the village…
The Kenyan government has published a gazette giving notice to land owners along the right of way of the planned crude oil export pipeline to the coast of Lamu. The action is the latest in the series of actions leading up to final sanction of a 140,000Barrels of Oil Per Day oilfield development project, expected…
Caption for attached picture: L-R: Sunilkumar Cheringal, General Manger; Duru Gerald, Admin Manager; John To, Director; Mudiaga Isaac Obajuwana, Sales/ Marketing Manager (NIGERCHIN); Mojola Ola, Head Building Partner Projects; Viviane Mike-Eze, Marketing Communications Manager; & Promise Abiahu, Electricians Programme Coordinator (Schneider Electric Anglophone West Africa). Schneider Electric, global leader in energy management and automation, recently…
South Africa’s rand weakened past 14 per dollar on Thursday as state-owned power utility Eskom imposed a fifth day of electricity blackouts that have discouraged investors over the economy, days before the annual budget. At 1510 GMT, the rand was 1.07 percent weaker at 14.2200 per dollar, as it breached 14.00 for the first time…
The price of OPEC basket of fourteen crudes stood at $62.94 a barrel on Wednesday, compared with $61.88 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…
Oil rose for a third day on Thursday to reach its highest so far this year as financial markets drew support from investor optimism that the United States and China could resolve their trade dispute. The price of crude has gained about 20 percent this year, driven primarily by the prospect of a decline in…
Bulgaria has blocked transfers out of several bank accounts which have received millions of euros from Venezuela’s state-run oil company PDVSA (Petroleos de Venezuela), security officials said on Wednesday. Venezuelan opposition leader Juan Guaido assumed presidency of the country three weeks ago, arguing that Nicolas Maduro’s re-election last year was a sham. The United States…
Woodside Petroleum and Chevron Corp have planned major maintenance works at their liquefied natural gas (LNG) facilities in Western Australia over April to September. Woodside has planned major maintenance at its 4.9 million-tonnes-per-annum Pluto LNG facility for about one month from April to May, a company spokeswoman said on Wednesday. It has also planned major…