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.
IEA sees renewed pressure on oil prices as glut worsens
Oil prices might have stabilised only temporarily as the global oil glut is worsening due to production in the United States showing no sign of slowing, the International Energy Agency said on Friday.
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.
Shell’s shale decision hurts S’Africa
SHELL’s announcement that it would be scaling back its shale gas exploration has been described as a blow to the South African government, which has punted shale gas as a “game changer” for the economy.
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.
Foreign exchange may shoot up electricity tariffs
Besides, the utility firms are worried about the increasing debt profile which is mostly traced to government agencies: the army, police, ministries and parastatals and para-military forces, which the Discos claim
Customers Still Awaiting One Million Meters Promised By Govt
Electricity consumers may have to wait till the end of 2018 for their homes to be metered as the National Electricity Regulatory Commission (NERC) has said it might not sanction distribution companies for not providing their customers with prepaid meters until the end of the five-year agreement they signed with the government to make the…
Zambia To Triple Petrol Supply To Ease Shortage In Capital
“In the last few days the country has been experiencing shortages of fuel, particularly petrol but we have enough stocks to meet demand,” Yaluma said.
Nigeria’s oil, gas market value may hit $7.5b by 2019
THERE are indications that the nation’s oil and gas market would bounce back in the next four years, as a recent report by an international agency predicts a significant growth in the market value to about $7.5 billion by 2019. The new market research report released at the weekend stated that the market values…