Monrovia — FrontPageAfrica has learnt that the Supreme Court of Liberia is expected to rule in a Writ of Prohibition filed against the National Oil Company of Liberia and its head, Mr. Randolph McClain within 24 hours beginning Wednesday morning. Mr. Harry Greaves, Jr. a Liberian businessman through his legal counsel, Cllr. Frank Musah Dean […]
November 26, 2014 Source: Provided by GasBuddy.com U.S. retail regular-grade gasoline prices continue to decline, averaging $ 2.82 per gallon (gal) as of November 24. This average is 47 cents lower than a year ago, and the lowest price heading into a Thanksgiving holiday since 2009. Traditionally, the Thanksgiving holiday is one of the most […]
By Roseline Okere and Sulaimon Salau THE United States’ import of crude oil from Nigeria and Algeria have declined by 93 per cent since 2010, the U.S Energy Information Administration (IEA), has said. Meanwhile, Nigeria’s oil production may have recorded a major setback, as the Shell Petroleum Development Company (SPDC) shut its Trans-Niger Pipeline (TNP), […]
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The race for Africa’s biggest literary prizes begins 07 September 2012 A literary shortlist always creates excitement, shock, surprise and even hisses. The US$ 100,000 worth The Nigerian Prize for Literature just released elicits no less emotions, at least for those familiar with some or all of the works. On the shortlist are Ngozi […]
By Simon Ebegbulem BENIN CITY— FOLLOWING what it described as the tensed political environment in the country ahead of the 2015 general elections and the killings of innocent Nigerians by the Boko Haram sect in the North East part of the country, Christian Association of Nigeria, CAN, and Pentecostal Fellowship of the Nigeria, PFN, have […]
November 24, 2014 Source: U.S. Energy Information Administration, based on Bloomberg Note: November through March are considered winter months. Forward prices for 2014-15 and 2015-16 are as of 10/29/2014. Despite expectations of a milder winter for 2014, marketers anticipate high prices for natural gas in Boston and New York City. Natural gas prices are expected […]
The new 96 megawatt (MW) photovoltaic solar power project in South Africa’s Northern Cape province is now online and will help the country meet its critical electricity needs. The Jasper plant, near Kimberly, is the largest on the continent and can produce 180 000 megawatt-hours of energy a year for South African residents, enough to […]
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In discussing how stress affects the ability of waterjets to drill rock, I have discussed the effect of the stress in the ground on drill performance, but before discussing the effect of the borehole pressure it is perhaps best to spend this post talking about the simplest drill bit design. The diameter of the first […]
November 19, 2014 Source: EIA, based on National Renewable Energy Laboratory’s , using default input values except as noted Note: Tilted systems are assumed to be mounted with a 20-degree tilt from horizontal. The assumed system size is one kilowatt of direct current, with output in watthours of alternating current. Financial incentives, renewable portfolio standards, […]
By Isiaka Wakili The federal government has raised an alarm that the fall in oil prices is affecting the inflow of money into the excess crude account. Coordinating Minister of the Economy, Ngozi Okonjo-Iweala, said this yesterday at the National Economic Council (NEC) meeting chaired by Vice President Mohammed Namadi Sambo. Okonjo-Iweala, represented by the […]
Photo: Lagos, Nigeria By Jaiyeola Andrews Abuja — Following the downward slide in the price of crude oil on the international market, the federal government on Thursday disclosed that it had mapped out strategies to increase taxes and other internally generated revenues (IGR) in the country. Deputy Governor of Lagos state, Victoria Adejoke Orelope-Adefulire, stated […]
November 21, 2014 Source: U.S. Energy Information Administration EIA’s recently released , designed to analyze crude oil imports in response to growing domestic production, allows users to sort and display imports by month or year, density (i.e., light, medium, heavy), country of origin, port of entry, processing company, processing refinery, and more. The tool features […]
November 20, 2014 Source: U.S. Energy Information Administration, based on Bloomberg Note: The U.S. dollar index measures the value of the U.S. dollar against a basket of six currencies’ exchange rates: the euro, Japanese yen, British pound, Canadian dollar, Swiss franc, and Swedish krona. An increase in the index means the dollar is appreciating against […]
By Funmi Amodu, With Agency Reports Abuja–For the fourth month running, statutory revenue available for distribution between the three tiers of government dropped as the total revenue for October stood at N593.34 billion. The amount is about N10.192 billion lower than the N603.529 billion shared in September. This is just as governors of the 36 […]
November 18, 2014 Source: U.S. Energy Information Administration and Eurostat Note: European Union average consists of 27 member countries in 2006, 28 member countries for all other years. European residential electricity prices have historically exceeded U.S. prices, and the gap has widened in recent years. In 2013, average residential electricity rates in European Union (EU) […]
