An official noted that the strength of Nigeria’s economy is closely tied to a volatile oil price Energy transition discussions should revolve around the implementation of a fair, equitable and sustainable energy mix that entrenches the principles of inclusiveness and guarantees energy security, the Nigerian Upstream Regulatory Commission (NUPRC) has said. The NUPRC Chief Executive, […]
Tag: Energy
The 10th East African Petroleum Conference and Exhibition 2023, which came to a close in Kampala yesterday, has drawn criticism from Civil Society Organizations (CSOs) in the region. In a May 10, 2023 letter sent to the Heads of State of East African nations, 41 CSOs voiced concern over East African leaders’ discussions to exploit oil in […]
Rolling blackouts are costing South Africa dearly. The electricity crisis is a barrier to growth, destroys investor confidence and handicaps almost every economic activity. It has raised input costs for producers and retailers, and has triggered a new round of inflation and interest rate increases. Any solution will obviously incur cost because it will require […]
TANZANIA Electric Supply Company Limited (TANESCO)’s journey of major transformation has started to bear fruits, with the increase in profit and operational efficiency realised recently. According to the TANESCO 2021/2022 annual report, the company delivered a record-setting performance of the group, with a registered Profit After Tax (PAT) of 109 bn/- being the highest profit […]
Nigeria’s rig count, an index of measuring upstream activities in the oil and gas industry, rose, Year-on-Year, YoY, by 61.1 per cent to 29 in September 2023, from 18, recorded in the corresponding period of 2019, due to an increase in investment. The investment was driven by the positive impact of Nigeria’s Petroleum Industry Act, […]
There are quite many reasons as to why Rwanda chose to go green and they include the need to save the planet, and decrease building operation costs (energy and water), according to experts. Green building, a resource-efficient method of construction that produces healthier buildings which have less impact on the environment and cost less to […]
South Africa’s electricity utility Eskom has made it clear that “loadshedding” – rolling scheduled power cuts – isn’t going to end any time soon. This reality, and President Cyril Ramaphosa’s announcement during his annual state of the nation speech on 9 February 2023 that tax incentives for solar power use are imminent, mean that many […]
Harare — In New Ashdon Park, a medium-density area in the Zimbabwean capital, Harare, at new homes that have replaced a once thriving forest, makeshift fireplaces have become common sights as residents solely depend on firewood for energy. City dwellers like 34-year-old Neliet Mbariro, a married mother of four, live in a house that has […]
Nigeria’s average rig count recently grew in April 2023, a positive signal of new investments trickling into the country, an official said. Nigeria is suitably positioned to become a superpower in the unfolding energy transition regime given its over 200 million population and abundant energy sources, the Nigerian Upstream Regulatory Commission (NUPRC) has said. The […]
President Cyril Ramaphosa says all hands are on deck to ensure that the severity and frequency of load shedding is reduced in the immediate term and brought to an eventual end. The President told Members of Parliment on Thursday that the Minister of Electricity is responsible for driving the various actions being coordinated by the […]
The Ugandan government has signed an agreement to start exporting electricity to South Sudan. The Power Sales Agreement (PSA) was signed on Tuesday by the Ministry of Energy Permanent Secretary, Irene Bateebe on Uganda’s behalf whereas Beck Awan Deng, the General Manager of South Sudan Electricity Cooperation (SSEC), signed on behalf of his country. The […]
Somaliland’s main port, at the city of Berbera, accounted for two-thirds of the country’s revenues in 2020. Over the years, these revenues have mostly gone into the central state coffers, while the development of Berbera has been neglected. When we visited the city for our research project on port infrastructure, international politics, and everyday life, […]
TANZANIA is making major headway towards implementation of the flagship energy projects, so as to sustain energy security, with 42 billion US dollars (about 92tri/-) Liquefied Natural Gas (LNG) plant in Lindi Region inching closer to reality. Significantly yet, prospect of oil discoveries at Wembere-Eyasi basin in the country also beckons with the state-owned Tanzania […]
St Petersburg, Russia — Tanzania has expressed a keen interest in exploring new nuclear technologies from other countries to contribute to economic growth, particularly uranium exploration to uplift the quality of life for those below the poverty line. Minister for Minerals, Doto Biteko, told the gathering at the Second Russia-Africa Summit which ended recently that […]
Eskom has recorded a significant improvement with its energy generation moving from an average of 28 000 megawatts (MW) to close to 29 000 MW in the past week, Electricity Minister, Dr Kgosientsho Ramokgopa, announced on Sunday. “There’s a considerable improvement on the generation side, you can see that we’re beginning to normalise available capacity […]
South Africa’s electricity minister, Kgosientsho Ramokgopa, is alive to weaponisation of the country’s energy crisis against the ruling African National Congress. That country goes to the polls early next year to elect members of the National Assembly, from whom a president is ultimately elected. Speaking during an interview on NBC’s talk show ‘One on One’, […]
There are indications that pressures are mounting on the pump price of petrol as the landing cost has risen by 19.3 per cent to N596.93 per litre as of yesterday, from about N500 per litre in July 2023, when the last pump price adjustment was effected across all retail outlets in Nigeria. Petroleum marketers attributed […]
Abuja — The Chairman of the Senate Committee on Ecology and Climate Change, Senator Seriake Dickson, has expressed the readiness of the National Assembly to support any new legislation or amendment of existing laws to help in the nation’s energy transition financing bid Dickson gave the assurance in Abuja during a goodwill message at the […]