South Africa to continue looking at shale

South Africa’s government will continue to assess potential shale gas resources in its water-stressed Karoo region despite a Bloemfontein Appeals Court ruling early this month that petroleum and environmental regulations need to be revised before exploration wells can be drilled. Minister of Mineral Resources & Energy, Gwede Mantashe, told parliament…

Nigeria’s solar market ranked in top 5 globally according to new report

Africa’s biggest economy is amongst the top five countries with the largest cash market of off-grid solar energy with a value of $4.6 million, according to the latest Global Off-Grid Solar Market Report. From the report by the Global Off-Grid lightening Association (GOGLA), the global association for the off-grid solar…

Nigeria seeing increase in successful solar projects, local banks’ involvement – USADF

A Power Africa program partner, the U.S. Africa Development Foundation (USADF), which has helped fund off-grid electrification projects as part of investment readiness initiatives in six Nigerian states, sees opportunities in the sector. “We’ve had some very successful solar-storage projects in Nigeria, many of which are minigrids, said Tom Coogan…

NNPC records N6.33bn trading surplus, $580.32m crude sale in May 2019

From the Nigerian National Petroleum Corporation (NNPC) comes cheery news of an improved trading surplus of N6.33 billion recorded in May. The figure is 13 per cent higher than the N5.60 billion surplus posted in the preceding month of April 2019. Details of the report contained in the May 2019…

Shell, Seplat hunt for land rigs signals possible Nigerian oil sector recovery

The hunt for land rigs by Anglo-Dutch super major Shell, and Nigerian independent Seplat Petroleum, probably shows exploration and production activities are about to pick-up again after active rig count in Nigeria fell by half last year. Shell is getting ready for a major drilling programme and has gone to…

Ghana’s IPPs rescind ‘power shutdown’ decision as ECG, PDS try to settle huge debts

The Independent Power Producers (IPPs) under the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDIB–Ghana) have rescinded their decision to shut down their plants in protest against the nonpayment of huge debts by the Power Distribution Services (PDS) and the Electricity Company of Ghana. The IPPs had earlier…

Nigeria may not survive post-oil world economy – SBM Intelligence report

With most part of the world trying to move away from oil to adopt alternative and renewable energy, Nigeria’s future in the post-oil world looks rather bleak, according to SBM Intelligence. The Nigerian economy is heavily dependent on its oil exports. According to the Nigeria Bureau of Statistics, crude oil…

Japanese Government to train 100 Imo youths on solar energy – Envoy

The Japanese government has commenced the training of 100 youths from Imo on solar energy technology. The government has also installed and donated 100 solar powered street lights worth over. 86, 241 dollars to Ezeagbogu community in Ezinihitte Mbaise Council Area of Imo State. The project was officially commissioned and…

Nigeria plans to privatize 10 electricity utilities this year

Nigeria plans to sell 10 electricity generation companies to private investors this year as it seeks to boost power supply in the West African nation, the Guardian reported. The government has set up a committee for the sale of the remaining companies established under the National Integrated Power Project, the…

World Bank to inject $150m into Mali’s electricity sector by 2025

The World Bank plans to inject $150 million by 2025 into Mali’s electricity sector. A financing agreement was signed in Bamako between Prime Minister Boubou Cisse and Soukeyna Kane, Director of World Bank Operations for Mali. This funding is part of the Electricity Sector Improvement Project (PASEM) approved by the…