Total commissions 30th solar station
Total Nigeria Plc has commissioned its 30th solar service station, allowing its current installed solar capacity to generate enough energy to power the equivalent of 460 average Nigerian households, according to International Energy Agency (IEA) database. Since the commissioning of Onigbagbo service station in 2013, the first in Nigeria, the projects have saved the country…
All eyes on OPEC as Trump gripes over prices
Just nine days before a big OPEC meeting, US President Donald Trump joined the oil-market fray on Wednesday, blaming the group for high prices.
Shipping lagging behind in CO2 reduction, says IEA
The shipping industry will have to commit to stricter policies, and fast, if it wants to get on track with the adoption of clean technologies, and meet the energy efficiency design index...
Global oil discoveries fall to lowest level in 70 years
Global oil discoveries fell to a record low in 2016, as companies continued to cut spending, and conventional oil projects sanctioned were at the lowest level in more than 70 years...
Energy insecurity, a time bomb waiting to explode!
The International Energy Agency (IEA) defines energy security as “the uninterrupted availability of energy sources at an affordable price. Energy security has many aspects: long-term energy security mainly deals with timely investments to supply energy in line with economic developments and environmental needs.
Energy efficiency gains ground amid lower prices, says IEA
Economies have needed less energy to grow in recent years, especially in China and other developing countries, but more vigorous policies are needed to achieve climate targets ...
Crude oil prices hit one-month high at $47.38 a barrel
Meanwhile, the International Energy Administration (IEA) said in its August report that global oil demand growth is expected to slow from 1.4 mbpd (million barrels per day) in 2016 to 1.2 mbpd in 2017, as underlying support from low oil prices wanes.
Increased output in Nigeria, Middle East consolidates OPEC’s market share
The International Energy Administration (IEA) said that record pumping rates in the Middle East and recovering flows in Nigeria have helped to consolidate the Organisation of Petroleum Exporting Countries (OPEC) market share
Operators cut $300b spending in two years
The global oil and gas industry has in the last two years cut about $300 billion investment, or 42 per cent of the total due to the low crude oil prices.