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Prominent use cases of alternative power sources in Africa

Africa’s rapid economic growth creates a daunting energy challenge, as well as expectations of enhanced resilience and sustainability. In the face of the growing energy needs of the continent, finding a sustainable solution is one of the biggest challenges. Africa has many renewable energy resources, such as hydro, sun, wind and others, and it is

W/Africa power pool plans Fund to boost liquidity in electricity market

The West African Power Pool, WAPP, has disclosed plans to set up a Liquidity Enhancement Revolving Fund, LERF, for the ECOWAS Regional Electricity Market. The Chairman, Executive Board of WAPP, Engr. Sule Ahmed Abdulaziz, who disclosed this yesterday at the 54th meeting of the Executive Board in Cotonou, Benin Republic, stated, “The creation of this

NNPC Ltd launches crude theft Monitoring Apps

The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Friday launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The News Agency of Nigeria (NAN) reports that the launch held in Abuja on the sideline of the signing of renewed Production Sharing Contracts (PSCs) agreements between NNPC and its partners in Oil

NNPC, contractors renew production sharing agreements

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) and its partners in Oil Mining Leases (OMLs) on Friday signed renewed Production Sharing Contracts (PSCs) agreements to produce 10 billion barrels of oil cumulatively. The development finalised negotiations on renewed PSC, in line with the new provisions of the Petroleum Industry Act (PIA) Section 311. The

Mobil-Seplat Deal: Buhari Backs NUPRC on Decline of Ministerial Consent

About 48 hours after granting ministerial consent regarding the N1.283 billion sales and purchase deal between ExxonMobil and Seplat Energy, President Muhammadu Buhari yesterday rescinded the decision. The president, who is the de facto Minister of Petroleum Resources, blamed the lack of coordination among the concerned agencies for the confusion, explaining that he had weighed