Energy Conservation is the generalized term used for the prevention of wasting energy. The term “energy conservation” is commonly defined as: “the reduction in consumption of non-renewable energy resources”. The main ideas behind energy conservation is in the saving of energy by turning “off” unused lighting
According to the corporation, the invitation of participants in the swap contract was in line with Nigeria’s public contract and procurement law – the Public Procurement Act 2007, as well as its policy and procedures on same. It said the decision to engage qualified and
Cardif, which has already sold stakes worth 200 million euros in coal-fired power generation companies, will no longer finance power generation companies where coal-fired power accounts for more than 30 percent of installed capacity. Cardif also said it intends to invest 3.5 billion euros ($4
ARPF would provide equity for the development and construction of 10 to 15 greenfield renewable energy projects in Sub-Saharan Africa, adding approximately 533MW of installed energy generation capacity from renewable sources in the region. This would provide both base load and peak load power in
JOHANNESBURG – Africa’s demand for energy is steadily increasing and solutions to meet this growth have become a major concern amongst the energy sector leaders within the continent. Key factors contributing to this soaring energy demand are both Africa’s ever-growing population and the continent’s accelerating
A changing energy system is posing “critical questions” for many of the world’s largest oil and gas producing countries, the International Energy Agency (IEA) says. The rise of shale gas and oil in the US, global improvements in energy efficiency, and the response to climate change are
Waltersmith Petroman Oil Limited was established as an indigenous exploration and production company in 1996. It was awarded the Ibigwe field located in OML 16 (now OPL 2004) in 2003 after participating in the marginal field licensing round specifically designed for indigenous companies. The firm
An oil and gas governance consultant, Henry Adigun, has expressed worry over Nigeria’s savings culture, saying despite the rise in oil prices in recent times, nothing has been put aside either to the Excess Crude Account (ECA) or the Nigerian Sovereign Investment Authority (NSIA). According to
Kachikwu, in his ministerial address at the 11th edition of the international conference and exhibition organised by the Nigerian Gas Association (NGA) in Abuja, explained the country’s continued dependence on oil alone to run her economy was hurting the country and it would need to
Differentials for Nigerian crude held unchanged on Monday, as a dearth of bids met an overhang of unsold cargoes, while demand for Angolan remained robust, evidenced by a flurry of fixtures that has pushed shipping rates to near two-year highs. Traders said the November oil