Monday, July 22, 2019
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Ayobami Adedinni The Norwegian Ambassador to Nigeria, Jens Peter Kjemprud has said that investment in new technology could help the nation's oil and gas sector to receive the needed boost in its output. Speaking in an exclusive interview with PetrolGas Report, the Ambassador said although Nigeria acquires lot of high technology for its offshore subsea sector from Norway, investments need to...
Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country's slowest quarterly economic growth in decades. Brent crude futures rose 40 cents, or 0.6 per cent, to $67.12 a barrel by 0923 GMT, while US crude was up 19 cents, or 0.32 per cent, at...
Ayobami Adedinni Indigenous oil and gas company Aiteo Group said it is negotiating an alternative financing package to fund $5 billion of investment that will grow its oil production to 250,000 barrels a day and increase gas supplies to about 300 million standard cubic feet per day. Speaking with newsmen on the sidelines of the Nigeria Oil and Gas Conference in...
Algeria’s energy giant Sonatrach and Italian multinational oil and gas company Eni have confirmed the intention to accelerate the development of new oil and gas projects in North Berkine basin in Algeria, which will lead to a significant increase in national production Eni has been present in Algeria since 1981 with an equity production of 90,000 boepd. Sonatrach and Eni CEOs,...
Ayobami Adedinni In a bid to create an African mini-grid industry involving decentralized electricity generation and distribution networks based on renewable energy, Schneider Electric has signed a Memorandum of Understanding with EM-ONE Energy Solutions, a Nigerian sustainable energy engineering company. For 18 months, led by its sustainability department, the Group has been working to set up an industry based on mini-grids...
Ayobami Adedinni Operators and regulators in Sub Sahara Africa oil and gas will discuss regulatory reforms and other issues faced by the sector with a focus on East Africa at the upcoming Sub Saharan Africa upstream oil and gas summit and exhibition in Nairobi, Kenya. This uniquely placed platform will be held from July 24 to 26 at the prestigious Serena...
The University of New South Wales (UNSW) has set a firm date on its plans to go 100 per cent renewable, after unveiling a roadmap this week to take its buildings emissions-free and source all of its electricity from clean energy sources by 2020. The UNSW, a champion of global PV research, said this week that it would expand its...
Ayobami Adedinni Olukokun Tolulope Opeyemi, a Mechatronics Engineering Lecturer and chief executive officer,ThinkElectric Africa, an outfit with the sole mission of accelerating the transitioning to renewable and sustainable energy using indigenous technology has described the recent advocacy for the electrification of mobility as the future of transportation system. Speaking with PetrolGasReport, he said the move to a clean and green environment...
Renewable energy investment in Asia excluding China will overtake spending on upstream oil and gas projects in the region as soon as next year, according to Rystad Energy. Total capital expenditure (capex) in renewables will overtake exploration and production (E&P) spending in 2020, with contributions from Australia and other Asian countries such as Vietnam, Taiwan and South Korea, Rystad Energy’s...
Lande Abudu At the recently concluded workshop organised by Cleantech Hub, the theme Tech meets Renewable reopened an important conversation within the Renewable Energy space. Simply put, Renewable energy needs tech and tech needs RE. As technology improves, costs go down and processes become more effective. The end user is in a better position to enjoy affordable power, the investor is more assured...

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