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Rich in renewable energy resources, yet Africa is not fully electrified. Electrification is a catalyst for Socio-Economic development. Challenges include: The migration from traditional methods of electrification to digitalization.Lack of competent policies and financing methods to deal with setbacks.Innovation is growing faster and faster than policies can keep...
Oil prices have made gains after the United States and China formally signed the previously negotiated phase one trade deal. According to Reuters, Brent futures rose $0.36 to $64.36 a barrel, while US West Texas Intermediate (WTI) crude was up by $0.22 at $58.03 a barrel. It said that the US...
Woven City will only allow fully-autonomous, zero-emission vehicles on main thoroughfares and feature in-home robotics Toyota's city of the future is named Woven City and will be based at the bottom of Mount Fuji in Japan (Credit: Toyota) Hydrogen and solar will power a new “city...
Analysis shows annual investment in renewable energy sources needs to double from about $330bn to close to $750bn The share of renewables should be more than doubled by 2030 to achieve the world’s clean energy transition objectives, according to a report. The International Renewable Energy Agency (IRENA) believes renewable...
Oil prices have fallen as investors rethink the risk of supply disruption in the Middle East. According to Reuters, Brent crude futures were down $0.52 at $68.39 a barrel. US West Texas Intermediate (WTI) crude futures were also down $0.42 cents at $62.85 a barrel. Oil prices rose during the previous...
Oil prices have slipped as investors are seeking clarity beyond the initial impact of the US-China trade agreement which is expected to increase flows between the two countries. Brent crude oil futures dipped $0.10 at $65.12 a barrel while West Texas Intermediate (WTI) crude edged down $0.10 to $59.97 a barrel, reported Reuters.
As part of its key mandate to be a leading regulator in the global oil and gas industry, the Department of Petroleum Resources (DPR), weekend, launched its Corporate Strategy Framework for 2019 to 2023.    The Corporate Strategy document is to serve as a roadmap that will guide its personnel on better service delivery to boost Nigeria’s economy.    Speaking at...
Seeking to sustain and improve on Nigeria's place as the world fourth largest supplier of Liqufied Natural Gas (LNG), the Nigerian Liquefied Natural Gas (NLNG) company on Friday signed the First Basic 20-year term for Train 7 Gas Supply Agreement (GSAs) and Second Basic terms of 10 years for NLNG Trains 1-6 GSA.   The historic milestone which took...
Schlumberger and Dataiku have entered into an exclusive technology partnership that will enable the E&P industry to build and deploy their own artificial intelligence solutions across the full breadth of their upstream workflows within the DELFI cognitive E&P environment. The partnership will deliver unprecedented capabilities to petrotechnical domain experts in response to global demand...
Chevron has sanctioned the Anchor project in the U.S. Gulf of Mexico, marking the industry’s first deepwater high-pressure development to achieve a final investment decision. Delivery of the new technology, which is capable of handling pressures of 20,000 psi, also enables access to other high-pressure resource opportunities across the Gulf of Mexico for Chevron and the industry. ...
The Department of Petroleum Resources (DPR) said that the nation had recorded a rise of 754 million barrels production capacity, pushing its oil reserves to 37 billion barrels including condensate and 199 trillion cubic feet of gas reserves in 2018.   DPR in the newly released Nigeria Annual Oil and Gas Industry Report (NOGIAR) said that this was an...

Latest article

Oil prices rise after US-China phase one trade deal

Oil prices have made gains after the United States and China formally signed the previously negotiated phase one trade deal.

Toyota’s ‘city of the future’ will be powered by hydrogen and solar

Woven City will only allow fully-autonomous, zero-emission vehicles on main thoroughfares and feature in-home robotics

Renewable power must be doubled by 2030

Analysis shows annual investment in renewable energy sources needs to double from about $330bn to close to $750bn

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