OPEC’s crude production drops, ahead of bearish market outlook
Led by Saudi Arabia, which said it pumped at its lowest level in more than five years, Organisation of the Petrleum Exporting Countries (OPEC) has reported it slashed its crude production in July, as it continues to battle slumping oil prices.
Kyari to address oil, gas potential to national development
Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari, is set to address the potential of harnessing oil and gas industry for national development at this year’s edition of the (Nigerian Association of Energy Correspondent), NAEC conference on August 22, in Lagos.
In search of a lasting solution to power sector challenges
Last week, the Presidency touted the need for recapitalisation of the electricity distribution companies (DISCOs) in the country citing the firms’ lackluster performance and parlous infrastructure that cannot deliver uninterrupted power supply to consumers.
Global investments in renewables to hit $13.3trillion in 2050
A new report, produced by Bloomberg NEF (BNEF), has said global investments in renewable energy generation will hit at least $13.3 trillion by 2050. Indeed, in the next 31 years, almost half of the world’s electricity could come from renewable energy especially wind and solar.
Is Nigeria subsidising fuel consumption in West Africa?
Boasting a population of 25 million, the markets of Cameroon are full to bursting. Along with dirt roads vermillion, turquoise and saffron handwoven mats are spread out as far as the eye can see, every empty space between them dotted with bowls towering with tomatoes, pepper, onions and garlic. Peppery smoke from suya stands billows over…
NAF, Mudaime, NIW push for indigenous participation to save $50b imports
Local content efforts championed by the Nigerian Air Force (NAF) and an indigenous oil servicing firm, Mudiame International Limited as well as the Nigerian Institute Welding (NIW) could conserve as much as $50 billion in the country....
Leveraging Artificial Intelligence, big data in oil, gas exploitation
Alongside volatile prices, new competitors emerging in the energy sector, and increasing global pressure from both public and private stakeholders around sustainability and environmental issues...
Operators debate technological threats to oil sector
In line with the recent advocacy to digitalise operations in the Nigerian oil and gas landscape, industry players are divided on the effect of Artificial Intelligence (AI) on certain aspects of the industry.
Customers appeal for reduction in prices of pre-paid meters
Customers under the Shomolu Business unit of Ikeja Electric, have appealed for a reduction in the cost of meters under the Meter Asset Provider (MAP) scheme, an initiative of the Nigerian Electricity Regulatory Commission ...
Why oil prices may not rise again, by experts
As global crude oil prices linger around $60 per barrel, industry experts have given reasons why prices are not likely to increase again.