News

Tanzania’s government has revealed that it will commence construction of a geothermal energy power plant in Lake Ngozi, Mbeya Region in 2021. This was made known by the Tanzania Geothermal Development Company, TGDC. The company’s General Manager according to Dailynews, Mr. Kato Kabaka who spoke at a recent workshop for the parliamentary…

The Dangote refinery has been greatly lauded and regarded as a welcome development for the Nigerian economy and the world at large. The refinery which is expected to produce 650,000 barrels per day was recently put forward by the Organization of the Petroleum Exporting Countries, OPEC as a key factor to driving world crude oil refining capacity…

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria's continuous subsidising of petrol means the Nigerian National Petroleum Corporation (NNPC) will remain unprofitable for a long time. The minister said; "It is going to be very difficult. Let me say that first, we faced this same problem when I resumed in…

ExxonMobil has signed a 20-year agreement to supply liquefied natural gas (LNG) to Zhejiang Provincial Energy Group. It was announced on Monday that Zhejiang Energy is expected to receive 1 million metric tons of LNG from the U.S. energy giant each year. Peter Clarke, senior vice president of LNG at ExxonMobil, said; "ExxonMobil shares…

The Nigerian federal government has implemented plans to boost cooking gas and sanitizing the sub-sector which would, therefore, go a long way in promoting the use of cleaner sources of energy. The Minister of State for Petroleum Resources, Ibe Kachikwu, had disclosed that the plan would include massive roll-out of a somewhat free gas cylinder…

Our video for last week focused on the Liquefied Natural Gas. This week’s video focuses on the natural composition of Natural Gas. Natural gas was formed million years ago when dead organisms sunk to the bottom of the ocean and were buried under sedimentary rocks. Subject to heat and pressure, these organisms underwent a transformation in which…

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has charged ExxonMobil Nigeria to do more in the country. This was stated in his visit to the ERHA FPSO on April 13, operated by ExxonMobil Nigeria. According to Vanguard, the Ministry of Petroleum Resources sent a statement that the visit was targeted at enhancing the…

The Nigerian National Petroleum Corporation (NNPC) says it has reduced cash call arrears owed to international oil companies, its Joint Venture partners, to $3.5bn. The corporation previously had cash call arrears of $5.1bn and paid $1.5bn recently. The Group Managing Director of the NNPC, Dr. Maikanti Baru disclosed this in Abuja, at the 12th…

Aker Energy has pledged $4.5 million in support for the Accelerated Oil and Gas Capacity-Building (AOGC) program in Ghana. The program is designed to enhance the competencies and expertise of Ghanaians in the oil and gas sector. The AOGC program is the latest phase of several capacity-building initiatives in Ghana. The Petroleum Commission-led…

The Ship Owners Association of Nigeria (SOAN), comprising of ship owning companies with proven track records of active participation in the maritime industry, has inaugurated its newly elected Executive Council members on Friday night. The association last month elected the new executive members, to run the association for the next two years. …