There are indications that the Lagos Deep Offshore Logistics (LADOL) has terminated the operating licence of Africoat, an indigenous company from its dockyard, barely two months after Samsung Heavy Industries Nigeria (SHIN) Limited, was banished from the same facility. Investigation by The Daily showed that the latest development, has threaten to scare investors from investing…
1. On November 25 2018, average energy sent out was 3,898MWh/hour (down by 134.33MWh/h from the previous day) 2. 2,144.2MW was not generated due to unavailability of gas 3. 112.5MW was not generated due to unavailability of transmission infrastructure, while 70MW was not generated due to high frequency resulting from unavailability of distribution infrastructure 4….
Green Keeper Africa has propagated the use of water hyacinth-based absorbents as instrument for tackling oil spill in Africa. The company which displayed various products at the on-going International Biennial Health Safety and Environment at Eko Hotel, Lagos, Nigeria, disclosed that: “GREEN KEEPER AFRICA is a company based in Benin Republic which develops sustainable solutions…
OPEC daily basket price stood at $60.27 a barrel Friday, 23 November 2018, compared with $62.08 the previous day
1. On November 26 2018, average energy sent out was 4,131MWh/hour (up by 237.16MWh/h from the previous day) 2. 2,540MW was not generated due to unavailability of gas 3. 112.5MW was not generated due to unavailability of transmission infrastructure, while 207MW was not generated due to high frequency resulting from unavailability of distribution infrastructure 4….
The minister of state for Petroleum Resources, Dr. Emmanuel Kachikwu and Saudi Arabian Energy Minister Khalid al-Falih have concluded plans to meet over instability in the international market as oil price drops to $60 per barre. Investigation by The Daily showed that the crucial engagement will take place in Abuja, Nigeria, tomorrow, November 28, 2018….
Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure development finance institution in Africa, is pleased to announce it is to invest in the Nachtigal Hydro Power Company (“NHPC”), located 65KM north of Yaounde in Cameroon. The EUR 1.2 billion power generation project will consist of a 420MW hydro-electric power station as well as…
Shell Nigeria Exploration and Production Company (SNEPCO) says court judgment on 3.6 billion dollars fine for the Dec. 20, 2011 oil spill in parts of Niger Delta is not binding. Shell, operator of the Bonga oil field where the spill occurred, had approached the courts to challenge the powers of National Oil Spills Detection and…
Saudi Aramco’s gas expansion strategy needs 150 billion dollars worth of investments over the next decade as the company plans to increase output and become an exporter, its chief executive said on Tuesday. Aramco is pushing ahead with its conventional and unconventional gas exploration and production programme to feed its fast growing industries, freeing up…
In December 2017, the Chief Executive of Samsung Heavy Industries, SHI, Park Dae-young resigned from the world third largest shipbuilder. Dae-young threw in the towel following financial losses that cost the company about a third of its market capitalization. The CEO appeared left with no choice as SHI under his watch according to Financial Times,…