Russia Mulls Ban on Oil Product Exports to Stabilize Prices Russia is again reviving the possibility that it could ban all crude oil product exports in order to stabilize volatile fuel prices in the country, according to Russia’s TASS new agency said on Friday. Alternatively, Russia could increase its oil product exports duty to $250…
EEDC Blames Blackout in Abia, Enugu, Others on National Grid Collapse The Enugu Electricity Distribution Company, EEDC, has blamed the power outage in the five states of its coverage, namely Abia, Anambra, Ebonyi, Enugu and Imo states, on the national grid’s total system collapse. EEDC head, Corporate Communications, Mr. Emeka Ezeh, who confirmed the blackout…
NAEC Felicitates Energy and Power Ministers, Expresses Readiness For Collaboration Journalists in the energy sector have congratulated newly appointed energy ministers- the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and the Power Minister, Adebayo Adelabu, and has indicated interest for collaboration. In a…
TCN says Grid Restoration across the Country is in Progress after Collapse The Transmission Company of Nigeria, TCN, has stated that grid restoration nationwide is in progress and has reached advanced stages with power supply now available in the West, North Central, South, East, and a large portion of the Northern parts of the country….
Korea and Africa Rally Additional Finance and Technology for Universal Energy Access and to Make Africa World’s Breadbasket The Korea Trust Fund and the $600 million Korea-Africa Energy Investment Framework will support African countries in strengthening human capacity and developing their energy sectors. The 7th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference opened in Korea’s second-largest…
Sahara Group Advocates Collaboration for Energy Transition Sahara Energy International Singapore, a Sahara Group Company has called for more collaboration on gas development to accelerate the nation and Africa’s march towards energy transition. The call was made when Sahara Energy played host to Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, Permanent Secretary,…
Africa Presents Challenges, Solutions in Clean Energy Transition Africa’s role in the global energy transition is at a key turning point, finance and business leaders said in London on Thursday, with the potential to leapfrog ahead in green energy with the right funding and support. The continent is rich in the commodities needed for the…
Saudi Aramco Relaunches 1.8 Billion USD Oilfield Tender After Snubbing McDermott Saudi Arabia’s oil giant Aramco has relaunched a tender for $1.8 billion worth of contracts for the expansion of the Zuluf offshore oilfield, having canceled deals previously awarded to U.S. firm McDermott, Upstream reported on Monday, quoting several sources with knowledge of the plans….
Feedgas Volumes to U.S. Freeport LNG Plant Plunge The volumes of feedgas into the major U.S. LNG export facility Freeport LNG plummeted this weekend, at a time when the global gas market could tighten ahead of the winter with a strike at Australian LNG plants and maintenance in Norway. Feedgas flows to Freeport LNG plunged…
Power Cuts Hit Sierra Leone after 40 Million USD Unpaid Debt Turkey’s Karpowership has switched off electricity supply to Sierra Leone’s capital city Freetown over an outstanding debt of some $40 million, the energy minister of the West African country told Reuters on Friday. Karpowership has 36 powerships with a total of 6,000 MW of…
