Energy News

World Liquid Fuels Use Estimated to Rise 38% by 2040

World petroleum and liquid fuels consumption is estimated to increase by 38 percent by 2040, according to projections in the newly released International Energy Outlook 2014 produced by the United States Energy Information Administration (EIA).

Read More

Brent Crude Falls to 13-Month Low: Now below $103 per barrel

Brent crude slumped to a 13-month low below $103 a barrel on Friday as an unstable European economy increased concern about demand in a well-supplied oil market.

Read More

Oando – ConocoPhillips Oil Deal: Spotlight on Indigenous Companies and the Future Of Oil And Gas Sector

The recently concluded acquisition by Oando Plc., of ConocoPhillips upstream oil and gas interests and assets hints at the emerging reality of the changing ownership structure in Nigeria’s oil and gas industry.

Read More

Kenya to Join the League of Oil Producers By 2017

With recent efforts of UK-listed Tullow Oil and Partners, Australia’s Africa Oil Corporation to submit a field development plan(FDP)by 2015,  it is expected that Kenya will join the league of oil producing countries in sub-Saharan Africa by 2017.

Read More

EU Supports Nigeria with N3.4bn on Renewable Energy

Allan Munday, Acting Head of the European Union (EU) delegation to Nigeria and the Economic Community for West African States (ECOWAS) said the EU had given more than N3.4 billion grant to boost renewable energy in Nigeria under the Nigeria Energy Support Programme (NESP).

Read More

Nigeria’s Crude Oil Production Increases by 2.3%

The Organization of Petroleum Exporting Countries (OPEC), in its July report, stated that Nigeria’s crude oil output was up by 43 barrels per day or 2.3 percent to reach 1.911 million barrels per day (mbpd) in June, from 1.868 mbpd recorded in May.

Read More

N30bn Gas Supply Debt Weighs Down Power Sector Growth

The growth of Nigeria’s gas and power sector is being curtailed by the inability of power sector operators to pay up the over N30 billion they owe the Nigeria Gas Company, a subsidiary of the Nigerian National Petroleum Corporation(NNPC).

Read More

EKO DISCO Receives Forty-One Bids for the Supply of Embedded Power

Following the invitation of firms to submit bid for the generation of embedded power by Eko Electricity Distribution Company (Eko Disco), forty-one firms have currently bidded to supply embedded power to Eko Disco, including Aggreko, one of the world’s leaders in the field.

Read More

Brighter Outlook for Nigeria’s IPP Scene Owing to Power Sector Reforms

There is a brighter outlook for the independent power producer (IPP) landscape in Nigeria as more projects take shape.

Read More

Opec Envisages Decline in Demand for Crude Oil from Member Countries in 2015

The Organization of Petroleum Exporting Countries(OPEC) has cut its forecast of demand for crude oil from Nigeria and other member nations next year by 300,000 barrels per day (bpd), owing to the surging supply from non-OPEC producers, particularly the United States (US).

Read More
Subscribe to Energy News