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Oil prices slip as U.S. crude output nears 12 million barrels per day
Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand e...
Energy
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Africa needs $250 billion investment to resolve power deficit – NERC
To resolve the power deficit situation in Africa and reach the United Nations’ (UN) target of Universal Access by 2030, the continent will need to add...
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Former Eskom adviser Rothschild, calls on South Africa to bail Eskom with $7Bn
The South African government needs to “bite the bullet” and bail out struggling state-run power firm Eskom, which has asked for 100 billion rand ($7 b...
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Nigeria Liquefied Natural Gas offers cargo for loading in December
Nigeria Liquefied Natural Gas (NLNG) has offered a cargo for loading in December, three industry sources said on Tuesday. The company has likely offer...
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Dangote refinery still on course to commence production by 2020
Nigeria’s information minister, Lai Mohammed has said that he expects production at a huge oil refinery being built in Nigeria by Africa’s riche...
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Kenya 428 km power line complete, to add 310 MW to grid by December
A high voltage power line to carry electricity from a 310 megawatt (MW) wind power plant to central Kenya from the north is complete and supply to the...
Niger, Benin Republic finally pays $10m electricity bill to Nigeria
Two international customers, Benin Republic and Niger, have paid $10.1m to Nigeria to settle their electricity bill. This was disclosed by the market ...
Between Kola Aluko and Atlantic Energy: Beyond Headlines and Scandals by Ashton Dagana
Close your eyes for a moment. Imagine that you are a citizen of the most populous nation in Africa. Your country, Nigeria, is blessed with abundant na...
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Egina FPSO finally sails to offshore field in Nigeria
The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day c...
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Nigeria’s oil exports to hit four-month high in October
Nigeria’s oil exports are expected to rise to their highest in four months in October, thanks to supply of several larger grades coming back online fo...