Rack Centre Set to Train Artisans from Host Communities to Build LGS2 Data Centre Rack Centre, West Africa’s Best-connected Carrier and Cloud neutral data centre has launched a sustainability initiative to train artisans from its host community to be involved in the building of LGS2, a new best-in-class data centre in Lagos, Nigeria. The new…
NUPRC Lists Key Priority Areas Initiated To Achieve Volume Oil Production The Commission Chief Executive, CCE, of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Gbenga Komolafe, has listed key policy initiatives which the Commission identified as major drivers that spur oil production in the next few months. Komolafe who presented a paper on, POST PIA:…
Warns Nigerians not to Expect Grid Stability after Vandalising Installations The Transmission Company of Nigeria (TCN) has warned Nigerians that they should not expect a stable electricity grid after vandalising the company’s installations. The caveat for forgoing a stable grid was contained in the TCN Twitter handle, which noted that the spate of stripping its…
Petronor Improves OML 113 Operations with a $20m Acquisition PetroNor E&P has announced a binding agreement with New Age (African Global Energy) to acquire New Age’s interests in OML 113 in Nigeria which contains the Aje field. This acquisition not only strengthens the company’s position in OML 113 but also opens up exciting possibilities for…
NCDMB Urges Indigenous Oil Operators to Comply with Nigerian Content Act The Nigerian Content Development and Monitoring Board (NCDMB) has urged the indigenous oil operators to comply with the Nigerian Content Act so as to make the industry robust for all stakeholders. The Executive Secretary (ES), Engr. Simbi Wabote, gave this charge at breakfast meeting…
Brazil Gears Up To Launch Its First Power Deals Exchange in 2024 Brazil will have its first energy exchange for power deals next year, which is expected to raise the volumes of energy-related financial products, the chief executive of the new exchange has told Reuters. The fund L4 Venture Builder, B3 SA Brasil Bolsa Balcao,…
Germany Closing In On $21-Billion Deal To Buy Its Largest Grid The German government is close to agreeing a deal to buy its biggest grid from TenneT in a deal estimated at around $21 billion (20 billion euros), as Germany looks to strengthen its transmission systems with the rise in renewable capacity, sources with knowledge…
China Considers New Fees to Compensate Utilities for Building Coal Plants China is mulling over imposing capacity fees on industrial and commercial users from 2024 to compensate local utilities for the coal-fired power capacity they have built in recent years, Bloomberg reported on Tuesday, quoting a draft of the plan it had seen. Industrial and…
UK’s Fossil Fuel Car Ban Delay May Only Stall Investment Britain’s decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a shift to electric vehicles (EVs), even though the news drew anger from automakers worried about supply chains and investment uncertainty. UK Prime Minister Rishi…
U.S. Energy Storage Additions Hit a Record-High in Q2 U.S. developers added 5,597 megawatt hours (MWh) of energy storage installations in the second quarter of 2023, setting a new quarterly record and putting the American energy storage market on track for a record year in 2023, a new report by Wood Mackenzie and the American…
