The UK Chancellor of the Exchequer’s post Covid-19 stimulus announcement earlier this month recognised that the low-carbon agenda is vital.

The two strands linked to energy efficiency, which mostly means better thermal insulation, are £1bn to improve energy efficiency of public buildings and a £2bn “green homes grant” fund, which…

Widespread agitations for review of the 2004 power sector privatization in Nigeria may have fallen on its face following the assertive declaration last weekend by the chairman of the Senate Committee on Power, Gabriel Suswan, the deed cannot be undone.

Speaking in Abuja during the committee’s oversight visit to some…

The Nigerian government has explained that the Mambilla Hydropower Plant is being delayed due to delay by the Taraba state government to provide comprehensive list of land owners and beneficiaries to be compensated over the site of the 3,050 megawatts project.

It was gathered from the top officials of the…

Battered by the effect of COVID-19 on state income and economic growth, as well global oil price drop, Ghana’s budget deficit is being projected to become more than double the initial forecast.

The Finance Minister Ken Ofori-Atta disclosed this last Thursday during a mid-year budget review presentation to lawmakers…

Stakeholders in the oil and gas sector in Nigeria have calls for a review of the localisations of oil and gas free zones for global competitiveness. The stakeholders spoke at the Webinar organised by SING Nigeria, a good governance and accountability organisation, in partnership with civil society organisations.

Speakers at…

A Rystad Energy analysis has stated that the oilfield service market is not likely to rebound to last year’s activity level until 2023, following the impact of the Covid-19 downturn, Offshore Energy reported last weekend.

The analysts said that suppliers could diversify some oil and gas capabilities and replace up…

A surge in domestic oil output and a jump in trading income cushioned Norway’s state-controlled Equinor against collapsing commodity prices in Q2, the company said July 24, as it plunged to a loss and warned of more volatility ahead.

Equinor’s Norwegian oil output increased 33% on the year in the…

Mozambique’s National Hydrocarbon Company (ENH) has been forced by the raging COVID-19 pandemic to interrupt the exploratory opening of wells in the country’s Buzi district, in the central province of Sofala, a report at the weekend by All Africa said. The search for hydrocarbons in the Buzi district resumed early this year after…

The PGS Nigeria MultiClient data library has said that it is providing excellent 2D and 3D seismic coverage on the recently announced blocks in the 2020 Marginal Fields Bid Round by the oil and gas authorities in Nigeria.

MegaSurveys are merged final-stack 2D and 3D datasets, which enable evaluation of…

A new report from the Oxford Institute for Energy Studies (OIES), has stated that the margin for exporting oil products remain negative, and could remain so for the duration of 2020, even with glut in the Liquefied Natural Gas (LNG) sector.

Observers say that Nigeria may take advantage of the…