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.
Renewables to lead world power market growth by 2020
Renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, the International Energy Administration (IEA) said in an annual market report.
Infrastructure deficit, sliding oil prices may cut Nigeria’s growth projection
Growth is expected to decelerate in Sub-Saharan Africa to 3.7 per cent in 2015, the lowest since 2009, due to declining crude prices and infrastructure (electricity supply and transport) constraints affecting Nigeria and South Africa.
Shell raises hope on gas investment in Nigeria
The Shell Petroleum Development Company expressed commitments to increase its investment profile of gas development to boost domestic consumption and export capacity in the nearest future.
Lower oil prices push down WTO’s trade growth prospects
The World Trade Organisation (WTO) has cut its global trade growth forecast for 2015 from 3.3 per cent to 2.8 per cent amid falling import demand in China, Brazil and other emerging economies, falling oil and commodity prices and significant exchange rate fluctuations.
Nigeria’s power sector: The safari so far
As at today, over 56 per cent of the Nigerian populace (Approximately 97 million people) have no access to grid electricity and those who are connected to the grid face substantial power interruptions.
Conoil sells kerosene at N50 per litre
Conoil Plc has flooded its stations in Lagos and environs with kerosene sold at the government controlled price of 50 naira per liter.
Military pledges to secure power infrastructure
The Chief, of Training and Operations Nigerian Army Headquarters Major General Fatai Ali, has assured Distributing Companies (DISCO’s), Generating Companies (GENCO’s) and Transmission Companies of Nigeria (TCN) of a round the clock safety of the power infrastructure assets across the country. He said it is the Army’s constitutional duty to provide security when national assets…
IMF predicts slow growth in export of energy, metal by 2017
With a weak outlook for commodity prices, particularly for energy and metals, growth in commodity-exporting emerging and developing economies could slow further over the next few years, says a new study by the International Monetary Fund (IMF). The study, published in the forthcoming 2015 World Economic Outlook, suggested that the recent declines in commodity prices…