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Monthly Archives: May 2018

Nigeria loses over N5.7bn daily to Trans Forcados pipeline shutdown

Nigeria loses over N5.7bn daily to Trans Forcados pipeline shutdown

Nigeria may be losing over N5.7 billion daily to Trans-Forcados pipeline, (TFP) which was recently shut down following May 7, 2018, suspected explosion on...
Outlook for oil still bullish despite Saudi-Russia crude plan, says Goldman Sachs

Outlook for oil still bullish despite Saudi-Russia crude plan, says Goldman Sachs

Goldman Sachs Group Inc., leading global investment banking, securities, and investment management firm, has called bullish outlook for oil despite the recent dip in...
Barkindo assures global oil community of sustainable market stability

OPEC, non-OPEC members’ oil cut deal hit over 130%

The level of conformity to the Declaration of Cooperation by Organisation of Petroleum Exporting Countries (OPEC) and Non-OPEC has hit over 130 percent, Mohammad...
Norwegian unplanned gas field outages extended

PIB: For market driven petroleum industry

Austin Olorunsola, lead consultant to the Senate on the Petroleum Industry Bill and former director of the Department of Petroleum Resources (DPR), has said...
AzuriTV named ‘Innovative Technology of the Year’ at Africa Utility Week Industry Awards

AzuriTV named ‘Innovative Technology of the Year’ at Africa Utility Week Industry Awards

AzuriTV, the first complete home TV pay-as-you-go package for off-grid households, developed by Azuri Technologies, was announced winner of the ‘Innovative Technology of the...
Petrol price crashes by 15% in February

Petrol price crashes by 15% in February

The average price paid by consumers for petrol in Nigeria decreased by 15.1 percent year-on-year and – 9.6 percent month-on-month to N172.5 in February...
IEA says few energy technologies, sectors on track for climate goals

IEA says few energy technologies, sectors on track for climate goals

The International Energy Agency has said only four of 38 energy technologies and sectors were on target last year to meet long-term climate and...
US energy efficiency sector added 133,000 new jobs in 2017 amidst decline in new solar jobs

US energy efficiency sector added 133,000 new jobs in 2017 amidst decline in new...

US energy efficiency sector added 133,000 new jobs in 2017 with 67,000 of them created by energy efficiency employers, according to the 2018 US...
Scientists design new solar panels to capture energy from rain

Scientists design new solar panels to capture energy from rain

Scientists have designed new solar panels to capture energy from rain as part of improvements on the current design that captures energy from the...
Renewables: No threat to oil & gas

Renewables: No threat to oil & gas

The renewable energy sector has been described as an opportunity rather than a threat to the oil and gas sector. In the past few years,...

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