Tuesday, February 18, 2020
Home Blog
Wood Mackenzie says Nigeria's oil output could fall 35% without reforms
By Libby George (Reuters) Cost increases and uncertainty in Nigeria's crucial energy sector could lead to a 35% decline in oil output over 10 years as companies delay investments in key oilfields, consultancy Wood Mackenzie said in new research. In findings shared exclusively with Reuters, the company warned that three deep offshore fields, which would generate more than $2 billion a year...
Solar energy developer, Daystar Power raises $4 million from SunFunder
Showing a continued thirst for bringing solar power and energy efficiency solutions for businesses in Nigeria, Daystar Power has raised an additional $4 million from investors at SunFunder, a solar finance company. Recall that the company last year closed a $10 million investment with Verod Capital Management and Persistent Energy Capital LLC. According to this financing company, which specialises in solar...
Saipem reported last week that it has won offshore contracts in multiple regions valued at more than US$500 million. “These new contract awards confirm the diversified nature of our core market segments and contribute to consolidating the historic relationship with our clients who now they can constantly rely on our support in order to pursue their safety, efficiency and reliability...
The global renewables industry could be providing more than 40 million jobs by 2050, according to a new report from the International Renewable Energy Agency (Irena).   The study, Measuring the socio-economics of transition: Focus on jobs, was presented at the Irena Assembly in Abu Dhabi, at the launch of the new Sustainable Energy Jobs Platform (SEJP).   The SEJP is an initiative...
Exclusive : Ambassador Jens-Petter Nigerian Shipping Association speaks on Norway - Nigeria bilateral relations
  Jens-Petter Kjemprud, (JK) the Norwegian Ambassador to Nigeria speaks with Petrolgas Report (PGR) on the bilateral trade between both countries, the power sector among other issues. Ayobami Adedinni brings the excerpt You may read our previous chat here  PGR : What can you say about the bilateral trade between Norway and Nigeria? JK: It’s substantial but very difficult to give exact numbers because...
  ...advocate increase in Gender Inclusion Schneider Electric in partnership with the National Power Training Institute (NAPTIN) and the French Development Agency has concluded the second round of its training programme for electricians in Lagos.   The second round of the training, which commenced September 3rd, rounded off on the 26th of November, 2019. Schneider Electric and NAPTIN made it a commitment to promote...
The Renewable Energy Performance Platform (REPP) yesterday issued a gender-themed request for proposals (RFP) targeting women-led renewable energy projects in Africa. By focusing on women in particular, UK-government funded REPP is aiming to channel sources of funding to help create equal opportunities for women in the continent’s rapidly expanding renewable energy sector. The call follows a recent report by Global Entrepreneurship...
Dayo Okusami, Partner at Templars, one of the top full services law firms in Nigeria talks to PGR about the recently signed into law Deep Offshore Act, growth in African oil and gas industry and local funding for the Alternative Energy space. Ayobami Adedinni brings the excerpt PGR : You are obviously one of the most knowledgeable and experienced people in...
Ayobami Adedinni Debates surrounding energy poverty (EP) in Africa have slowly been gaining ground among different social actors. Energy poverty is a lack of access to modern energy services. These services are defined as household access to electricity and clean cooking facilities (e.g. fuels and stoves that do not cause air pollution in houses. According to the International Energy Agency, IEA only...
Financing renewable energy projects require access to significant resources, by multiple parties, at varying points in the project life cycles. However, access and availability of finance is a major challenge for many developers. To bridge this, the Renewable Energy Association of Nigeria , (REAN), an umbrella body of Renewable energy companies in Nigeria, is partnering Bonds, Loans & Sukuk Nigeria conference on...