Friday, June 5, 2020
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By OMRAN AL-KUWARI Liquefied natural gas is the fastest-growing fossil-fuel market – and possibly the last before the world moves to lower carbon emissions. Three major events have thrust the LNG industry from being an oversupplied, sluggish market situation to an industry requiring rapid, if not urgent, change. The first shock was the abrupt end of the Saudi Arabia-Russia OPEC+1 pact. Despite US...
PetrolGas Report publication (PGR) has announced its media partnership with African Utility Week and POWERGEN Africa
PetrolGas Report publication (PGR) has announced its media partnership with African Utility Week and POWERGEN Africa. The event, which was due to take place from 12-14 May will now run from 24-26 November 2020, CTICC, Cape Town, South Africa. Now in its 20th year, African Utility Week and POWERGEN Africa attracts over 10,000 people from more than 90 countries and is the...
By International Energy Agency Electricity is more indispensable than ever The huge disruption caused by the coronavirus crisis has highlighted how much modern societies rely on electricity. Millions of people are now confined to their homes, resorting to teleworking to do their jobs, e-commerce sites to do their shopping, and streaming video platforms to find entertainment. A reliable electricity supply underpins all of...
By Ayobami Adedinni It is a Monday morning rush and kids are on their way to school - at least some of them - not Maryam. She has to help her mother in gathering firewood to make breakfast for her and her siblings in an unventilated kitchen before she goes to school at a time when her classmates have already...
Petrolgas Report (PGR) talks to Lamin Camara, Permanent Secretary, Ministry of Petroleum and Energy, Republic of The Gambia at the subSaharan Africa International Petroleum Exhibition and Conference (SAIPEC 2020). Ayobami Adedinni brings the excerpt; One of the major points advocated at this conference is collaboration within the subregion. How do you think your country can benefit from this initiative? We can benefit...
Manuel Jose Sithole, Legal Adviser, Instituto Nacional de Petroleo, (INP) talks to Petrolgas Report (PGR) about the current trends in Mozambique’s  energy industry, incentives for investors among others at the Sub-Saharan  Africa international petroleum exhibition and conference 2020. INP is the regulatory authority responsible for the administration and promotion of Petroleum Operations in Mozambique. Ayobami Adedinni, Editor brings the excerpt: Mozambique is shaping...
  A new economic analysis released by the American Petroleum Institute (API) outlining the dire economic consequences of a ban on federal leasing and hydraulic fracturing (or fracking) for American families and businesses has warned it could lead to a cumulative GDP loss of $7.1 trillion by 2030, cost up to 7.5 million American jobs in 2022 alone, slash household incomes...
Guyana's government on Wednesday launched a search for a company to market its share of crude produced at the offshore Liza well, where an Exxon Mobil Corp-led consortium began producing oil in December. The government is entitled to a share of the oil produced, and has said it was seeking a marketing agent to help it export the crude. In...
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...