ENERGY Infrastructure Financing News & Reports Power

CBN Creates Intervention Fund for Solar Energy Infrastructure Development

The Central Bank of Nigeria (CBN) said it has introduced an intervention fund to support the growth of solar energy development in the country in line with government policy to boost power supply. The regulatory bank in its guidelines on the Solar Connection Intervention Facility said that the move was to complement the Federal government’s effort …read more →

AFRICAReports ENERGY Infrastructure News & Reports

BUA Group Plans to Build 200,000 Bpd Capacity Refinery in Akwa Ibom

The BUA Group is planning to construct a 200,000 barrel per day (bpd) refinery and petrochemicals plant in Akwa Ibom, the French company that won the contract for the project has revealed. France’s Axens said in a statement that it has been selected for the multibillion-dollar Petrochemicals and Refinery plant in Nigeria. This announcement is …read more →

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Belarus President pledges new oil, gas infrastructure by 2025

President Alexander Lukashenko said Belarus will develop new oil and gas infrastructure by 2025 during an address to parliament and the nation. Belarus is looking to increase supply options after disputes with Russia have hit supply volumes. As a key transit route, tension between Russia and Belarus also raises risks for Russian oil and gas …read more →

ENERGY Environment News & Reports

Shell Petroleum Opens Dialogue with Communities on Development Initiatives

Shell Petroleum Development Company, SPDC said it has begun discussions with 12 host communities in Bayelsa which demanded upward review of development obligations. SPDC’s Media Relations Manager, Bamidele Odugbesan said the company was engaging representatives of its EA oilfields on the issues raised. “We are engaging the leadership of the communities for a peaceful resolution …read more →

ENERGY Power WORLDReport

World’s largest green hydrogen facility to be constructed in Saudi Arabia

The world’s largest green hydrogen facility is set to be constructed in the North West corner of the Kingdom of Saudi Arabia. The US $5bn plant will supply 650 tons per day of carbon-free hydrogen for transportation globally and spare the world of 3 million tons of carbon dioxide every year. The joint venture project …read more →

ENERGY News & Reports WORLDReport

Saudi Aramco, China’s CNPC and Exxon Mobil to Cut Greenhouse Gas Emissions

A group of the world’s top oil companies including Saudi Aramco, China’s CNPC and Exxon Mobil have set targets to cut their combined greenhouse gas emissions as a proportion of production, as pressure on the sector’s climate stance grows. However, the target set by the 12 members of the Oil and Gas Climate Initiative (OGCI) …read more →

AFRICAReports ENERGY News & Reports

$7.6 Billion Train-7 Project Good to Go as NCDMB, NLNG, Contractors Agree

The $7.6 billion train-7 project is set to commence in earnest as the Nigerian Content Development and Monitoring Board, NCDMB, and the Nigerian Liquefied Natural Gas Limited, NLNG have held the kick-off meeting for the engineering, procurement and construction components of the project. The meeting which was held virtually, provided the opportunity for NCDMB to …read more →

ENERGY

NNPC Produces 218.37 bn Cubic Feet of Natural Gas in March

The Nigerian National Petroleum Corporation (NNPC) has said that 218.37billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating to an average daily production of 7493.65Million Standard Cubic Feet per Day (mmscfd). This was contained in NNPC Monthly Financial and Operations Report for March, 2020, according to a release by the corporation’s …read more →

ENERGY Infrastructure News & Analysis Power WORLDReport

Hydrogen Fuel Economy Is Finally Going Mainstream

Hydrogen power has been on the market for decades but has never really been able to break the glass ceiling of mass-market appeal, mainly due to a host of technical and cost issues.  Indeed, battery power appears to be winning the race to replace the internal combustion engine (ICE) more than any other alternative fuel type. …read more →