Friday, 31 May 2019

Zimbabwe’s Kariba hydro plant may suspend operations if water levels stay low -minister

Zimbabwe's Kariba hydro plant may suspend operations if water levels stay low -minister.Zimbabwe’s largest hydropower plant More »
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Tuesday, 28 May 2019

Trans Focados pipeline operator shuts-in 240,000b/d facility

OpeOluwani Akintayo Lagos — Heritage Energy, the operator of the Trans Forcados pipeline has shut-in the 240,000 barrels per day facility. The pipeline was shut-in over a fire incident which broke out two weeks ago following excessive heat from a pumping machine which was being used to transfer crude oil from the barge site into […] More »
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US & India lead new-build capacity growth in LNG liquefaction, regasification

Lagos — The US and India are expected to lead capacity growth in the global LNG liquefaction and regasification industries from planned and announced (new-build) projects, respectively during the outlook period 2019–2023, according to GlobalData, a leading data, and analytics company. The company’s report ‘Global LNG Industry Outlook to 2023 – Capacity and Capital Expenditure […] More »
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Saturday, 25 May 2019

Nigeria: Trans Forcados oil pipeline resumes operations – source

Nigeria: Trans Forcados oil pipeline resumes operations - source. Nigeria’s Trans Forcados oil pipeline resumed flows on Friday, a source familiar with More »
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Wednesday, 22 May 2019

W. Africa Crude-Sonangol said to finalise July term allocations

W. Africa Crude-Sonangol said to finalise July term allocations. Angolan state oil company Sonangol has finalised its allocations More »
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Thursday, 16 May 2019

NERC targets robust tariff review process

NERC targets robust tariff review process. Power sector regulator, the Nigerian Electricity Regulatory Commission, NERC, has said it is implementing More »
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Wednesday, 15 May 2019

Force majeure: Nigerian crude facing loading delay

OpeOluwani Akintayo Lagos — Nigerian crude grades, Amenam, and Bonny Light are currently facing loading delays at the international market due to force majeure. Exports of Total’s grade, Amenam, and Bonny Light have been put on hold for a while now, causing slowdowns in meeting orders, according to market reports from traders. Operator of the […] More »
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25 Nigerian June cargoes remain unsold – Report

25 Nigerian June cargoes remain unsold - Report. About 25 or more of Nigeria's June crude oil loading cargoes remained unsold as at the More »
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Thursday, 9 May 2019

Dutch envoy inspects Ogoni clean-up, pledges support

Dutch envoy inspects Ogoni clean-up, pledges support. Netherlands' ambassador to Nigeria, Ms Marion Kappeyne, has pledged to support More »
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Sunday, 5 May 2019

Nigeria needs $200 billion investment to address the energy gap

Ike Amos Abuja — Managing Director of Shell Nigeria Exploration and Production Company, SNEPCO, Mr. Bayo Ojulari, has bemoaned the widening energy gap in Nigeria, while he disclosed that Nigeria needs between $40 billion to $200 billion worth of investments to bridge the gap. In a presentation titled, ‘Nigeria’s Energy Security: Opportunities, Present Threats and […] More »
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Funding remains a major challenge to indigenous oil firms — Baru

Ike Amos Abuja — Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has lamented the difficulties experienced by indigenous oil and gas firms in securing funds to finance their operations, stating that this has negatively affected their growth trajectory. In a presentation titled, ‘Energy Security and Sustainable Development in Nigeria: The Way […] More »
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Gambia signs oil exploration deal with BP for A1 block

Gambia signs oil exploration deal with BP for A1 block. Gambia’s government said on Tuesday it had signed a contract with BP to explore oil and More »
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Saturday, 4 May 2019

TransCanada profit beats as U.S. pipelines phased in

TransCanada profit beats as U.S. pipelines phased in. TransCanada Corp beat analysts’ estimates for quarterly profit on Friday More »
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Germany’s RWE to review climate lobbying as investor pressure rises

Germany's RWE to review climate lobbying as investor pressure rises. German utility RWE, under investor pressure as one of Europe’s More »
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European diesel markets rally on Russia pipeline shutdown

European diesel markets rally on Russia pipeline shutdown. The European diesel market is finding unexpected support from disruption in the refining sector More »
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Tunisia orders army to transport fuel during walkout

Tunisia orders army to transport fuel during walkout. Tunisia ordered the army on Friday to transport fuel to filling stations on Friday More »
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UK Gas-Prices mixed on oversupplied system, low temperatures

UK Gas-Prices mixed on oversupplied system, low temperatures. British wholesale gas prices were mixed on Friday with an increase in Norwegian More »
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Cameroon’s GDP growth to rise to 4.2 pct in 2019 – IMF

Cameroon's GDP growth to rise to 4.2 pct in 2019 - IMF. Cameroon’s economic growth is expected to rise to 4.2 percent this year More »
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Friday, 3 May 2019

Chevron sells remaining South Africa’s downstream assets for $1 billion

OpeOluwani Akintayo Lagos — U.S oil major, Chevron has finally sold its remaining assets in South Africa for $1 billion, exiting the country’s downstream sector. After a one-year drag, the company’s board has approved the sale of its downstream assets for a total of $1 Billion to a firm controlled by oil trader, Glencore. Chevron […] More »
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Former BP, Equinor executive to lead African Energy Chamber in Angola

*Mr. Pugliese will lead the chamber’s activities in Angola and support the Chambers’ partners in unlocking value in Angola’s multi-billion-dollar oil and gas market Johannesburg, South Africa — The African Energy Chamber is pleased to announce that it has appointed Mr. Sergio Pugliese as President for Angola, effective May 1st, 2019. In this role, Mr. […] More »
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Italy court rejects appeals against oil-gas permits granted Global Petroleum

Rome — An Italian regional court has thrown out an appeal by local municipalities against oil and gas exploration permits granted to Australia’s Global Petroleum Limited, according to a ruling seen by Reuters. The ruling said the municipalities had claimed Global Petroleum had made four different requests to carry out seismic exploration in the Adriatic […] More »
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Trump administration to relax offshore safety rules sparked by 2010 Gulf oil spill

Trump administration to relax offshore safety rules sparked by 2010 Gulf oil. The Trump administration will unveil on Thursday its final More »
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Thursday, 2 May 2019

Elumelu’s Transcorp Power Consortium wins bid for Afam Power

OpeOluwani Akintayo Lagos — Transcorp Power Consortium promoted by the Nigerian businessman, Tony Elumelu, has won the bid for Afam Power Plc. The National Council on Privatisation, NCP on Tuesday, declared the firm winner after it emerged the most preferred financial bidder. Chairman of the technical committee of the NCP, M.K. Ahmed, said Transcorp Consortium […] More »
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Wednesday, 1 May 2019

W. Africa Crude-Awards for Indian tenders awaited, Nigerian offered high

W. Africa Crude-Awards for Indian tenders awaited, Nigerian offered high. Spot trading was muted on Tuesday as market participants awaited More »
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Poll pushes average oil price forecast 2% higher in 2019

Poll pushes average oil price forecast 2% higher in 2019. A monthly survey of 31 economists and analysts forecast Brent crude would average $68.57 More »
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