The U.S. Energy Information Administration (EIA) estimates that U.S. natural gas consumption reached a record high in January at 118 billion cubic feet per day (Bcf/d). A burst of cold weather increased demand for heating and reduced natural gas production, which led to high inventory withdrawals. According to its February Short-Term Energy Outlook (STEO), EIA […]

Release by Scatec (Release), has signed a USD 100 million loan agreement with the World Bank’s International Finance Corporation (IFC). The loan agreement is part of a larger partnership to provide a simpler, more affordable, and cleaner offering of power to African utilities, which also includes a USD 65 million guarantee facility to support the […]

Africa’s geothermal sector will attract at least $35 billion in investments by 2050, showing the critical role geothermal is set to play in meeting the continent’s rapidly growing energy demand. Rystad Energy’s latest projections reveal this significant investment will see Africa’s installed geothermal capacity surpass Europe by the end of the decade. Despite being home […]

Transit Gas Nigeria Limited (‘TGNL’), a subsidiary of Axxela in a joint venture partnership with NNPC Gas Marketing Limited (‘NGML’), has commissioned a 150 MMSCFD Natural Gas City Gate facility in Ibefun to supply natural gas to industrial and commercial clusters in Ogun State, and other surrounding neighbourhoods in Nigeria’s Southwest region. The newly developed […]

The Nigeria present power state is expected to add 188-Megawatt to its total power generation  through Geometric Power plant in the Osisioma Industrial Layout in Aba, Abia State scheduled to start electricity generation by September. Confirming this vital information as concerns the prevailing Nigerian poor power state is the Geometric Power group chairman, Professor Bart […]

The Nigeria present power state is expected to add 188-Megawatt to its total power generation  through Geometric Power plant in the Osisioma Industrial Layout in Aba, Abia State scheduled to start Electricity Generation by September. Confirming this vital information as concerns the prevailing Nigerian poor power state is the Geometric Power group chairman, Professor Bart […]

Transit Gas Nigeria Limited (‘TGNL’), a subsidiary of Axxela in a joint venture partnership with NNPC Gas Marketing Limited (‘NGML’), has commissioned a 150 MMSCFD Natural Gas City Gate facility in Ibefun to supply natural gas to industrial and commercial clusters in Ogun State, and other surrounding neighbourhoods in Nigeria’s Southwest region. The newly developed […]

The Nigeria prevalent perennial power generation insufficient is now within the sight of being over. This is coming at heels of the present administration of President Bola Tinubu who recently assented to the long awaited electricity bill into law. The national electricity bill was passed in July 2022 by the country’s national assembly seeking to […]

Savannah Energy a 80% indirectly owned subsidiary company Accugas, a company that focuses on the marketing, processing, distribution and sale of gas to the domestic Nigerian market has sealed a new Natural Gas Sales and Purchase Agreement (NGSPA) with Amalgamated Oil Company Nigeria (AMOCON) for gas produced in the OML 156 sole risk petroleum lease […]

The volume of gas flared by oil and gas companies operating in Nigeria in 2022, dipped by 13.6 per cent to 224.9 billion standard cubic feet (SCF), compared with 260.3 billion SCF of gas flared in the 12-month period of 2021, according to statistics released by the National Oil Spill Detection and Response Agency (NOSDRA) […]