Tag Archives: Says

Nigeria: Presidency Says Bailout to States Drawn From NLNG Dividends – Says Excess Crude Fund Intact

Photo: President Muhammadu Buhari in his office. By Bassey Udo A part of the presidential palliative approved on Monday as intervention package to help bankrupt states pay outstanding workers’ salaries came from the $ 2.1 billion dividend paid to the Federation Account by the Nigeria Liquefied Natural Gas Company (NLNG). At the end of the […]

South Africa: Energy Body Says No to Electricity Hike

Photo: Eskom, which imposes rolling blackouts on an almost daily basis due to inadequate electricity capacity, is facing a funding gap to 2018 of up to R200 billion. By Adam Wakefield, News24 Eskom’s request for an additional increase in electricity prices has been declined by the National Energy Regulator of SA (Nersa) on Monday. Making […]

Malawi: Govt Says Jet Fuel, Limited Access to Air Lines, a Blow to Tourism

By Solister Mogha Minister of Information Tourism and Culture, Kondwani Nankhumwa Tuesday said expensive jet fuel and lack of airline connectivity both within and across the country is affecting growth of the tourism sector of the country. Nankhumwa said this in Lilongwe during an inter-ministerial networking dinner organized to find solutions to the challenges facing […]

Algeria: Shale Gas Should ‘Complement’ Energy Mix, Says Former Sonatrach CEO

Algiers — The shale gas in Algeria must have a long-term position as a complementary resource in the national energy mix and should in no way be considered as “source of revenue,” export Abdelmajid Attar told APS. For the former CEO of Sonatrach, any technical and cost effective confirmation of shale gas in the next […]

South Africa: Blackouts the ‘Right Thing to Do’, Power Supplier Says

Photo: South Africa’s power system is expected to be constrained “for a long time”, Eskom CEO Tshediso Matona has said (file photo). Johannesburg — Scheduled blackouts were the “right thing” to do, Eskom CEO Tshediso Matona said on Thursday. “We have arrived at a turning point where can either continue to do the same things […]

South Sudan: Govt Generated U.S$3.3 Billion From Oil Exports, Says Official

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, […]

Algeria: Shale Gas, Not a Threat to Environment in Algeria, Says Sonatrach Senior Official

Algiers — The exploitation of shale gas doesn’t represent a threat to the environment in Algeria, declared Monday a senior official at Sonatrach, mentioning some assets specific to the regions and the nature of the rocks to be fractured. Speaking during the 9th North Africa Oil and Gas Summit being held on 7-9 December in […]

Zimbabwe: Brace for More Power Cuts, Says Zesa

ZIMBABWE will experience more power outages in the next three weeks due to low energy supplies and maintenance work being carried out at Kariba South power station, the power utility said on Thursday. Maintenance works at Kariba South’s generator number five has resulted in power supply being reduced by 125MW, the energy company said. Zimbabwe […]

Zuma says 67 South Africans dead in Synagogue building collapse

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By Adekunle Aliyu with Agency Report South Africa’s president announced Tuesday that 67 of his compatriots were among scores of worshippers killed in the collapse of a popular and controversial Nigerian megachurch. Declaring his nation in grief, Jacob Zuma said he was “greatly saddened to announce that 67 South Africans died and scores of others […]

Tanzania: Gas Contract Appears Reasonable but Questions Remain – Resource Group Says

By Stella Dawson and Kizito Makoye Washington/Dar es Salaam — A leaked gas contract with Western energy companies that has sparked a furore in Tanzania on suspicion it cheats the country of millions of dollars does not appear to be grossly unfair, the Natural Resource Governance Institute says. Several blogs and local media reports said […]

Libya: Libya Says Italy to Help Fight Depot Blaze

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Photo: A scene of clashes in Benghazi, Libya. Libya says seven fire-fighting planes are being sent by Italy and the Italian energy giant ENI to douse the inferno at a Tripoli oil depot. Fighting between militias nearby has prompted more residents to flee. Tunisian media said Tuesday that thousands of Libyans had crossed into Tunisia […]

NLNG Model is Worth Replicating, Says Babs Omotowa, MD/CEO

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NLNG Model is Worth Replicating, Says Babs Omotowa, MD/CEO 25 October 2013   •Calls for unbundling of PIB for easy passage•Says Nigeria needs more clarity with its power solutions; Privatisation is a good step forward•Decries Nigeria’s poor cooking gas distribution system What’s your take on some on-going national issues? Petroleum Industry Bill (PIB) for instance; […]

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