Category: Gas/Electricity

  • Chariot Oil & Gas agrees key terms on…

    Chariot Oil & Gas agrees key terms on…

    Updated article Africa focused transition energy company Chariot Oil & Gas has negotiated the key terms of a new licence, Rissana Offshore in Morocco. The formal award of the licence is anticipated to occur in 2021 and is subject to the normal Moroccan regulatory procedures and approvals. Under the terms, 75% interest and operatorship of the Rissana licence will…

  • News: AGIG gas processing plant in West Erregulla

    News: AGIG gas processing plant in West Erregulla

    Story updated Strike Energy (STX) has teamed up with Australian gas infrastructure leader, Australian Gas Infrastructure Group (AGIG). Under the partnership, AGIG will help design, build, own and operate a 50 terajoules per day gas plant to process gas from the proposed phase one West Erregulla development. The gas facility will be constructed near West…

  • 2020: When NORTH Square and High East Street in Dorchester closed for gas work

    2020: When NORTH Square and High East Street in Dorchester closed for gas work

    Article updated NORTH Square and High East Street in Dorchester will be closed while a gas main is replaced. The work is being carried out by contractors working on behalf of gas company SGN, with the organisation describing the project as ‘safety critical’. SGN said a road closure will be in place from May 23…

  • 2020: Tankers and Terminals – Gas Carriers Webinar Week

    2020: Tankers and Terminals – Gas Carriers Webinar Week

    Beginning Tuesday 16 June we will be holding a series of daily webinars, each meticulously researched and organised in response to a present vessel optimisation challenge, headache or opportunity. The webinars are designed to strike the right balance between transmission of key information and interaction with the expert panel assembled. Those who register will also receive copies of webinar materials…

  • State decision expected on natural gas pipeline permit – News

    State decision expected on natural gas pipeline permit – News

    Article edited. New York State is expected to issue a determination Friday on whether or not to approve an environmental permit for a contested natural gas pipeline to the region, as National Grid weighs a series of alternatives to the controversial project. The state Department of Environmental Conservation has twice rejected the pipeline in its…

  • Oil & Gas Subsea Umbilicals, Risers & Flowlines Report

    Oil & Gas Subsea Umbilicals, Risers & Flowlines Report

    This Oil & Gas article has been updated Global “Oil and Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market” Research Report 2020-2024 is a historical overview and in-depth study on the current and future market of the Oil and Gas Subsea Umbilicals, Risers and Flowlines (SURF) industry. The report represents a basic overview of the…

  • Gas prices low level since 2016

    Gas prices low level since 2016

    Gas prices around the U.S. are at their lowest level in more than than four years as millions of Americans, jobless or sheltering at home, forgo their daily commutes. The per-gallon average this week hit $1.85, according to AAA — a price the nation hasn’t seen since February 2016. “Normally prices drop very low every…

  • BW Energy acquires jack-ups

    BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon, utilizing a converted jack-up rig to reduce investments and time to first oil. Subsequently, the Company has acquired two jack-up drilling rigs, the 2003-built sister-units “Atla” and “Balder”, from Borr Drilling. BW Energy will pay…

  • FG sinks $5.8bn in Mambilla Hydroelectric…

    The Federal Government has said that it has so far spent about $5.8 billion on the 40-year-old Mambilla Hydroelectric Power project. The Mambilla Hydroelectric Power Station, is a 3,050 MW hydroelectric power project under development in Nigeria. When completed, it is expected to be the largest power-generating installation in the country, and one of the…

  • Deregulation News: N1tr subsidy payment saved — FG

    Minister of State, Petroleum Resources, Mr Timipre Sylva on Thursday said the Federal Government has saved over N1 trillion since it announced full deregulation in March.  Sylva, who made the disclosure at a media briefing in Abuja urged Nigerians to endure the initial pain associated with the deregulation as it may lead to a hike…

  • News: Oil companies wonder if it’s worth looking for oil anymore

    A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources. Yet a decade after the discovery of as much as 1.7 billion barrels of crude in surrounding…

  • NERC Knocks DISCOs Over Deliberate Power Outages

    The Nigerian Electricity Regulatory Commission (NERC) has cautioned the 11 Distribution Companies (DisCos) for deliberating isolating some 33 kilovolts (kV) feeders to limit energy loads, thereby denying customers of electricity services. The NERC monitoring reports for July 2020 obtained from NERC by Daily Trust showed that 159 units of 132/33kV substations that interface between the…

  • News: CBN pegs equity funding for agric schemes at N2b

    The Central Bank of Nigeria (CBN) has pegged non-interest banks’ funding of agricultural programmes at a maximum N2 billion equity. The investment is set at 40 per cent of investee company’s equity subject to a maximum of N2 billion and tenor of up to 10 years. It has an initial lock-up period of three years.…

  • Senegal promotes rural electrification

    Senegal’s Ministry of Petroleum and Energies announced the exemption of value added tax (VAT) on equipment destined to producing renewable energy. The list of 22 electricity production equipment comprises photovoltaic solar panels, solar thermal collectors or panels, solar inverters, solar batteries, solar water heater kits, charge regulators, solar lamp kits, solar streetlamps and solar pumping…

  • Africa Energy to commence exploration drilling

    Africa Energy announced it expects to commence an extremely active and potentially transformational period with spud of the Luiperd-1 well on Block 11B/12B offshore South Africa, where it holds an effective 4.9% interest. Garrett Soden, the Company’s President and CEO, commented: “We are excited to begin the next phase of exploration drilling on Block 11B/12B offshore South Africa with spud of…

  • Foreign investors show interest in funding Nigeria’s electricity project – News

    Nigeria’s electricity grid is attracting interest from foreign investors seeking to invest in power production. A German company, Siemens, signed a contract with the federal government last year to rehabilitate and expand Nigeria’s electricity system, with the first phase costing about 2 billion Euros. The company is using as a model its experience in Egypt,…

  • 2020: Ikeja Electric meters over 120,000 households in Nigeria

    Nigerian electricity distribution company Ikeja Electric has metered over one hundred and twenty thousand households between 2018 and June 2020, in line with its commitment to bridge its metering gap. The company’s Head of Corporate Communications, Ikeja Electric, Felix Ofulue disclosed that in order to achieve the mandate of the Nigerian Electricity Regulatory Commission (NERC)…

  • Apicorp forecasts $792bn investment in Mena energy

    The Arab Petroleum Investments Corporation (Apicorp) estimates that planned and total investments in the Middle East and North Africa (Mena) energy sector will reach $792bn in the 2020-2024 period, marking a $173bn drop on the group’s last five-year forecast. Apicorp largely attributes the $173bn reduction on the 2019-2023 forecast to the  combination of the Covid-19…

  • China: GE wins onshore wind contract

    US-based GE Renewable Energy has been awarded a contract by Power China Guizhou Engineering Company (PowerChina) to provide wind turbines for a 30MW onshore project near Puyang City in China. The 30MW Xuanli Qingfeng wind farm will power more than 40,000 homes in China’s Henan province. GE will provide 12 units of 2.5-132 onshore wind…

  • Masdar signs power purchase agreement

    UAE-based Masdar has signed the power purchase agreement (PPA) and investment agreement for a planned 500MW wind energy project in Uzbekistan. The contracts were signed during a virtual ceremony by Sardor Umurzakov, Uzbekistan’s deputy prime minister and minister of investments and foreign trade, Dadajon Isakulov, chairman of the country’s national grid and Masdar’s CEO Mohamed…

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