How to reduce system failures for improved power supply
POWER systems today are much more susceptible to voltage collapses than they were 35 years ago (when frequency was the culprit) as we increasingly depend on generation sources that are located remotely from load centers as is typical with the Nigerian scenario.
Oil firms support Word Bank’s zero flaring initiative
OIL companies and governments are increasingly seeking solutions to reduce flaring of natural gas at oil production sites.
Sahara commits 1,500 man-hours to volunteer activities
IN an effort to keep up with its resolve to entrench volunteerism as a critical aspect of its corporate social responsibility initiatives, staff of Sahara Group spent 1,500 man-hours in volunteer work to drive several health, educational and entrepreneurial projects organized by the Group in 2014.
Power sector investors rejig strategies to escape imminent probe
The fear of the popular call for urgent probe of the power sector by the incoming government may have forced the power sector investors to formulate new strategies of operating in line with due process.
U.S. import from OPEC nations drops
THE United State’s crude imports from Organisation of Petroleum Exporting Countries (OPEC) member countries dropped has by 200 tbpd or eight per cent and accounted for 32 per cent of total US crude imports.
Clean energy campaign under threat, as investments slump
The United Nations-led campaign for clean energy to save the ozone layer could be under threat, as indications emerged that the global clean energy investment slumped in the first quarter of 2015 to its lowest level in two years.
Stakeholders seek collaboration to boost regional oil output
Poised to ensure energy sufficiency in the Sub-Saharan Africa, concerned stakeholders in the sector have called for partnership among operators to improve output in the region
Political transition: Traders optimistic on Nigeria’s oil exports
Although, reports showed that the West African crude trading diverged last week, as Angolan selling and differentials versus dated Brent fared better than Nigerian grades. Traders said steady buying from Chinese and European refiners who prefer Angolan grades is helping to support the differentials and clear out the May programme, whereas Nigerian cargoes are struggling to sell.
Shell’s capital investment hits $37.3 billion
Shell received $14.7 billion income and returned $11.8 billion to its shareholders through dividends in 2014. The company, which made this disclosure in its 2014 sustainability report released at the weekend, said that its total capital investment of $37.3 billion by the company in 2014 would help to build and sustain business for the future.