Senegal has inaugurated the first large-scale wind farm in West Africa, a facility that will supply nearly a sixth of the country’s power needs when it reaches full capacity later this year. With the wind farm, Senegal will get 30% of its energy from clean sources, in a push to cut its dependence on fossil …read more →
ENERGY
Nigeria to Resume Construction Works On Mambilla Hydroelectric Plant
Nigeria plans to start work on the construction of Mambilla hydroelectric plant, estimated to cost about $4.8 billion this year after the government settled a legal dispute that was delaying the project, Power Minister Sale Mamman said. The project, when completed will be the second-largest hydroelectric plant in Africa and the second of such plants …read more →
COVID-19: Massive Shut-downs worldwide to affect Africa’s Infrastructure, Energy & Mining Development
The Coronavirus (COVID-19) has resulted in mass production shutdowns and supply chain disruptions due to port closures in China, causing global ripple effects across all economic sectors in a rare “twin supply-demand shock”. With South Africa having just reported its first cases of COVID-19, Africa is beginning to feel its full impact and plans to …read more →
NLNG Signs Sales Deal With Total Gas and Power
The Nigeria LNG Limited, NLNG, and Total Gas and Power, TGP, have signed a LNG Sale and Purchase Agreement, SPA, for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. The agreement is for the supply of 1.5mtpa for a 10 year term on a Delivered Ex-ship and Free on Board, FOB, …read more →
For Buhari Infrastructure Is Key: Osinbajo
The Federal Government will continue to implement game-changing infrastructure projects around the country to connect the nation’s economic zones and drive economic development, according to Vice President Yemi Osinbajo, SAN. The Vice President further noted that most of the signature projects of the administration, including the Lagos-Kano Rail, Mambilla Hydro Plant, Second Niger Bridge, amongst …read more →
Buhari approves committees to actualise Mambilla power project
President Muhammadu Buhari has approved the constitution of two committees for the Mambilla Hydroelectric Power Project in Taraba State. They are: The Inter-Ministerial Steering Committee (IMSC) and Project Delivery Committee (PDC). The Minister of Power, Sale Mamman, announced this in Abuja through a statement by his Special Adviser (SA) on Media, Mr. Aaron Aritmas. The …read more →
ExxonMobil secures exploration acreage offshore Egypt
ExxonMobil said Monday it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look forward to working with the government and deploying our proven expertise and advanced technology.” The …read more →
Nigeria to contribute 35% of Africa’s new-build trunk pipeline length by 2023
Nigeria is expected to contribute around 35% of Africa’s total planned and announced oil and gas new-build trunk/transmission pipeline length additions between 2019 and 2023, says GlobalData, a leading data and analytics company. The company’s latest report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details …read more →
OPEC Secretary-General Says Iraqi Oil Facilities Secure, Production Continuing
Iraqi oil facilities are secured and the country’s production is continuing, OPEC’s Secretary-General Mohammed Barkindo said on Wednesday. “It’s a big relief that the facilities continue to be secured in Iraq, the production is continuing and effective,” Barkindo said on the sidelines of a conference in Abu Dhabi, He said he was optimistic Iraq would …read more →
NNPC, Chevron Execute Agreements over Escravos gas-to-liquid Project
The Nigerian National Petroleum Corporation (NNPC) and the Chevron Nigeria Limited (CNL) have executed agreements over the multi-billion dollars Escravos Gas-to-Liquid (EGTL) project. Speaking at a sign-off meeting in Abuja, the Group Managing Director of the corporation, Mele Kyari, disclosed that CNL would boost the domestic gas market with 400MMScf per day gas supply, equivalent …read more →