January 8, 2015 Source: U.S. Energy Information Administration, , based on SNL Energy physical market survey Eastern spot steam coal prices declined in 2014 compared to 2013 levels because of a decline in steam coal exports. The price declines were particularly pronounced in the second half of the year, as natural gas prices dropped below […]
By Morrison O.g Sayon The completion of the much-publicized Mount Coffee Hydro Power Project has been extended to next year as disclosed by President Ellen Johnson-Sirleaf. President Sirleaf has attributed the extension of the project to the spread of the deadly Ebola virus that has claimed over thousands of lives in Liberia. Earlier, the Government […]
January 7, 2015 Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Across the country, retail prices for regular grade gasoline reached the lowest levels in four years primarily as a result of in the second half of 2014. As of December 12, the weekly retail price for regular gasoline in each city for […]
Photo: Hand covered in oily mud, Bodo Creek, in 2011 (file photo). Shell oil has struck a deal for two separate payouts, one to fishermen and a second to their community, after two oil spills in 2008 devastated their livelihoods. It could take decades to fully clean the affected area. Oil giant Royal Dutch Shell […]
January 6, 2015 Source: U.S. Energy Information Administration, based on Bloomberg Crude oil in the fourth quarter of 2014 as robust global production exceeded demand. After reaching monthly peaks of $ 112 per barrel (bbl) and $ 105/bbl in June, crude oil benchmarks Brent and West Texas Intermediate (WTI) fell to $ 62/bbl and $ […]
The great advantage in teaching the same academic course each year for a relatively long period of time was that, after a while, it became easier to look at the contents of each individual lecture, and then adjust the material to fit the changes in what we knew since the lecture had last been given. […]
By Josephine Agbonkhese As part of campaign strategies for the re-election of President Goodluck Jonathan, a national support group, Gio15, is organising a novelty football match in Asaba, Delta State. According to a statement signed by the Chairman, National Organising Committee, Ejike Obioko, the novelty match which will hold January 14th at the Squash Club, […]
January 5, 2015 Source: U.S. Energy Information Administration, based on BloombergNote: These commodities are included in the S&P GSCI Energy, Grains, Industrial Metals, and Precious Metals indices. All price changes reflect changes in front month futures contract price for each commodity. WTI is West Texas Intermediate, RBOB is reformulated gasoline blendstock for oxygenate blending. The […]
The Swaziland Government has committed itself to pay E900 million (US$ 90 million) to a South African company to build an oil storage facility in the kingdom, even though the project was not put out to open tender. Last month (December 2014), the media were excluded from a House of Assembly session where a special […]
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Nigeria LNG: Train 7 to Attract $ 8bn FDI 22 May 2012 Former Head of Interim National Government, Chief Ernest Shonekan, has stated that from the stand point of economics, the proposed Train 7 of the Nigerian Liquefied Natural Gas (NLNG) in Rivers State would attract Foreign Direct Investment (FDI) estimated at over $ […]
Juba — South Sudan received $ 3.376 billion as revenue from oil exports in 2014, petroleum minister Stephen Dhieu Dau disclosed on Thursday. He said $ 884 million of the money made was paid to Sudan, $ 781 million repaid loans and $ 1.711 billion (or $ 1,711 million) was retained as net amount. “Indeed, […]
The price of 93 and 95 octane petrol will decrease by R1.27 and R1.23 a litre on Wednesday, the energy department said on Friday. The price of diesel would decrease by between R1.04 and R1.05 per litre. The price of illuminating paraffin would decrease by R1.44 per litre. Liquefied petroleum gas would decrease by R2.10/kg. […]
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It is the end of another year, or more optimistically the start of a new one. Last year I was tempted to make a couple of predictions for the future. And while I can make the case that they were not too wrong, they did not include the drop in oil prices, which has now […]
Monrovia — Classified documents obtained by the Independent Authoritative Heritage reveal that there is a plan at foot by the Liberty Petroleum Corporation to resell Oil Block 16 Contract to a giant company at the expense of the Liberian people, most of whom, are living in abject poverty. It can be recalled that recently, the […]
