Government commissions hybrid solar plant
The Minister of Power, Prof. Chinedu Nebo has commission a 25KW Hybrid solar PV/ wind demonstration power plant.
Siemens to supply turbines for Egypt’s power plant
The Egyptian government has reached firm agreements with Siemens on the construction of a 4.4 GW combined-cycle power plant and wind power capacity of 2 GW.
Eland may invest additional $75m in Nigeria
Eland Oil and Gas has expressed its commitment to increase investment in Nigeria’s oil and gas sector, with optimism that its hydrocarbon wells are still commercially viable despite the plunging oil prices.
Global oil recovery market to reach $283 billion by 2020
Global enhanced oil recovery (EOR) market is expected to reach $283 billion by 2020, according to a new study by Grand View Research, Inc. Growing global energy demand is expected to remain a key driving factor for global EOR market.
Investment in African energy, transport megaproject hits $326 billion
Investment in African megaprojects increased by 46 per cent to $326 billion in 2014, mainly as a result of higher investment in transport, energy and power infrastructure, advisory firm Deloitte’s third yearly African Construction Trends report has revealed.
Harnessing coal for Nigeria’s electricity generation
THE imperativeness of adequate power supply for any nation’s growth and development cannot be overstated, as electricity remains the major driver for effective sctoral operations. The need for diversified sources of power supply has naturally become a germane issue, with the nation now planning to opt out of monocultural profile.
IPMAN assures of availability of petroleum products in hinterland
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians of effective distribution of petroleum products during and after the general elections across the hinterland of the country.
OPEC output slides on lower production in Nigeria, others
The estimate for world oil demand growth in 2014 remains broadly in line with the previous report at 0.96 mbpd. For 2015, global oil demand growth is expected to average 1.17 mbpd, relatively unchanged from the previous month. Almost half of 2015 oil demand growth is projected to come from China and the Middle East.