Energy Sector

Nigeria Requires To Review Its Proposed Oil Bill

Nigeria Requires To Review Its Proposed Oil Bill

A Former Energy Minister, Diezani Alison-Madueke, has asked the lawmakers to review the proposed oil bill of Nigeria before it is passed into law by the parliament.

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Cathedral to Go For Solar Technology

Solar TechnologyCathedral to Go For Solar Technology

It has been reported that Coventry cathedral will be installing solar technology on the top of the Grade-I listed building. The staff of the cathedral is waiting for planning permission before going with its decision of setting solar technology.

It has been revealed by the Executive Director, Jane Woodward that the Coventry cathedral is planning to place a 50 kilowatt solar array on the roof with the hope that it will prove helpful in reducing the electricity bill.

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Greenpeace Africa Protests against Use of Coal

Greenpeace Africa

On Monday, it was found out that the activists of Greenpeace Africa dumped five tons of coal in front of the main gate of the state power utility’s Johannesburg headquarters because of the fight that took place at the doorstep of Eskom. This fight took place because Eskom use coal to generate power in the country and this made non-government organization worried about the natural resources.

Oil Prices Plunged By More Than $2

Oil Prices Plunged By More Than $2

On Friday, oil prices plunged more than $2 due to the ongoing Greek debt crisis, due to which oil prices have fell 5% this week. Experts consider it as the biggest fall since early May. Brent crude oil price for August declined $2.97 per barrel to a low of $111.05, before recovering a little to around $111.20 by 0811 GMT. The U. S. crude benchmark, known as West Texas Intermediate or WTI CLc1, recovered from $2.50 to $92.45.

SPDC Struggles to Quell Crude Oil Demand Due to Theft

SPDC Struggles to Quell Crude Oil Demand Due to Theft

It seems that the spurious nexus of oil making companies and accused oil thieves is going to pose a huge challenge for Nigeria to sustain its oil production.

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Surging Prices of Crude Benefiting Sasol

Surging Prices of Crude Benefiting Sasol

It seems like the surging prices have been proving beneficial for the Sasol Company. It’s Chief Financial Officer, Christine Ramon said that the vigorous global commodity prices have countered the impact of the strong rand, supporting healthy margins.

It has been revealed that to maximize its profitability, Sasol will be investing an amount of R23 billion this year and R31bn in 2012 on current projects and acquisitions of assets to benefit from surging fuel prices.

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A Partnership b/w PetroSA and Italian Firm Eni

A Partnership b/w PetroSA and Italian Firm Eni

As stated by PetroSA yesterday, it has tied a memorandum of understanding with Italian integrated energy company Eni. With this deal, the two companies will now co-operate with each other in future projects.

As told by PetroSA, now onwards, both the companies would appraise the acquisition. Along with this, the opportunity to participate together in projects belonging to other African countries would also be evaluated by both companies.

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Eskom Holdings Received $365 million to Fund Wind and Solar Plants

Eskom Holdings Received $365 million to Fund Wind and Solar Plants

The Public Enterprises Minister, Malusi Gigaba, has announced that Eskom Holdings Ltd. has received a $365 million loan from the African Development Bank to help fund wind and solar plants. Eskom Holdings Ltd. is South Africa’s state power utility plant which supplies 95% of South Africa’s electricity.

It is believed that the wind and solar plants will each produce 100 megawatts of power and help South Africa meet its commitment of providing more clean energy. Currently, Eskom has 40,000 megawatts of capacity, more than 80%of which comes from coal-fired plants.

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Eskom Grapples With Energy Supply, Interrupted Supply to BHP Billiton

Eskom Grapples With Energy Supply, Interrupted Supply to BHP Billiton

It seems that the chilling evenings are biting Africa’s state-owned largest power utility company, Eskom Holdings Ltd , the most, as it has made it clear to limit the power supply to BHP Billiton Ltd., amid potential power constraints.

Confirming the scarcity in energy supply, Hilary Joffe, a Spokeswoman for Eskom, claimed that though peak demand would be less than Eskom’s 2011 mid-winter forecast of 37 500MW against the generating capacity of42 000MW, spike in demand can never be ruled out.

South Africa’s Minister of Energy Calls for Mutual Cooperation to Build Nuclear Program

South Africa’s Minister of Energy Calls for Mutual Cooperation to Build Nuclear

Can nuclear energy be a long term solution to quell energy needs of Uranium-rich South Africa, following the debacle of Fukushima nuclear plant in Japan? Well Minister of Energy Dipuo Peters seems to be in favor of nuclear energy programme, undeterred by Japan’s nuclear crisis which gripped the global countries by shock.

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