Global energy efficiency savings hit $5.7tr
EnergY efficiency improvements over the last 25 years saved a cumulative $5.7 trillion in energy expenditures, according to the International Energy Administration (IEA)
EIA predicts 0.8mbpd increase in crude oil production
Energy Information Administration (EIA) forecasts that Organisation of Petroleum Exporting Countries (OPEC) crude oil production would increase by 0.8 million bpd in 2015 and to remain relatively flat in 2016.
Egbin raises hope on power transformation, expansion drive
Egbin Power Plc has restated commitment to carry out transformation and expansion programme to accelerate the nation’s drive towards sustainable power supply.
Foreign investors eye Nigeria’s post-reforms energy market
The reigning reforms in the energy sector may have spurred the interest of some foreign investors who are now keen to exploit the post-reform energy market
Total harps on LPG utilisation in Nigeria
Total Nigeria Plc has emphasised the need for Nigeria to marshal all necessary mechanisms to optimally exploit the potentials in the Liquefied Petroleum Gas (LPG) market.
Fall in crude oil prices brings revenue to N1.5 trillion
Available data from the Central Bank of Nigeria (CBN) showed that total federally-collected revenue during the second quarter of 2015, stands at N1.5 trillion, reflecting a decline of 39.2 and 27.7 per cent, compared with the provisional quarterly budget estimate of N2.5 trillion and receipts of N2.05 trillion in the preceding quarter, respectively.
Ghana gets robust gas supply from Nigeria
The improvement in gas supply experienced in the country may have extended beyond the shores of this country as the neighbouring country Ghana confirmed that it is now getting robust supply through the West African Gas Pipeline (WAGP) network.
Nigeria, Algeria may face further oil export decline, says report
The latest report from a global consulting firm, Frost & Sullivan has predicted that Nigeria and Algeria may face further decline in crude oil exports going by the gluts in the international market.
U.S. reactor operators increase uranium purchases from Kazakhstan
Kazakhstan became the leading supplier of uranium for the 100 operating U.S. nuclear power reactors in 2014, supplying 12 million pounds, or 23 per cent, of the 53.3 million pounds of uranium purchased by owners and operators of U.S. reactors.