By Tim Daiss

Wind power capacity in the United States increased by 8 percent last year, soaring to an impressive cumulative total of 96.5 gigawatts (GW), the American Wind Energy Association (AWEA) said in a new report last week. The report...

Read more...https://energyworthonline.com/2019/04/19/texas-and-its-new-favourite-energy-source/

In a move that demonstrates its readiness to deliver efficient services to customers, leading Electricity Distribution Company, Ikeja Electric Plc (IE), has assured customers across its network of its commitment to ensuring hitch-free services during the Easter holiday.

Read more...https://energyworthonline.com/2019/04/19/easter-holiday-ikeja-electric-assures-customers-of-efficient-service-delivery/

By Oke Peter

The nation’s power generation fell to a record low on Tuesday following the collapse of the national grid on Monday night.

Read more...https://energyworthonline.com/2019/04/18/system-collapse-power-generation-drops-to-1675mw/

By Oke Peter

The nation’s power generation fell to a record low on Tuesday following the collapse of the national grid on Monday night.

Read more...https://energyworthonline.com/2019/04/18/system-collapse-power-generation-drops-to-1675mw/

A High Court of the Federal Capital Territory (FCT) in Jabi has ordered the arrest of two former ministers – Mohammed Adoke (Justice) and Deazia Louya Etete (aka Dan Elete) (Petroleum Resources). The News Agency of Nigeria (NAN) has reported.

Read more...https://energyworthonline.com/2019/04/18/1-2bn-malabu-oil-deal-court-orders-arrest-of-adoke-etete-others/

Damilola Shittu with Agency Report

The Senate, Wednesday bowed to President Muhammadu Buhari’s positions on Petroleum Industry Governance Bill (PIGB) and six others he had vetoed, reviewing and passing them in accordance with the observations and recommendations of the president.

Read more...https://energyworthonline.com/2019/04/18/senate-bows-to-president-reviews-passes-pigb-rejects-bill-on-electric-vehicles/

Do you need a Marriage or Career Counsellor?

Call Mr Peter on 08034804932 or send an email to: okepeter062@gmail.com

A New York-based Natural Resource Governance Institute (NRGI) yesterday stated that the financial reports of the Nigerian National Petroleum Corporation (NNPC) do not contain systematic financial information that would enable the Federal Government to demand for accountability in its operations.

Read more...https://energyworthonline.com/2019/04/17/nnpcs-financial-records-insufficient-for-govt-oversight-report/

FISHERMEN of the oil-rich Ogoni ethnic nationality, Rivers State, have raised the alarm that oil has taken over their rivers, causing fishes and crabs to run away.

The anglers spoke at Ogoni Freedom Centre in Bori, Khana Local Government Area of the state, when Health of Mother Earth Foundation and other Non-Governmental Organisations held a campaign on Climate Change in the area.

Read more...http://energyworthonline.com/2018/09/18/ogoni-oil-has-killed-all-our-fishes-rivers-community/

By Oke Peter

In demonstration of its commitment to the empowerment and realisation of sustainable energy, leading financial institution in Nigeria, First City Monument Bank (FCMB) in partnership with a solar solution provider, OneWattSolar have brought together experts in the field of renewable energy, solar systems, finance and Blockchain technology to discuss opportunities for innovative financing of renewable energy systems.

Read more...http://energyworthonline.com/2018/09/14/fcmb-onewattsolar-partner-on-blockchain-technology-in-energy-access-finance-for-africa/

Within a period of nine months, 30,000 Zambian households have gained access to energy for the first time. This was achieved through the collaborative efforts between renewable energy company, Fenix International and telecom firm MTN.

CEO of Fenix International, Lyndsay Handler, commented: “This marks a great milestone for the entire Fenix Zambia team. ReadyPay Solar Power System is now providing power for clean, bright lights, phone charging, satellite TV and more to over 150,000 people in off-grid Zambian households.

Read more...http://energyworthonline.com/2018/09/10/30000-zambian-households-gain-access-to-energy/

The operational and commercial performances of Nigeria’s power sector have continued to worry all stakeholders in the value chain. Recent developments are also not allaying the fears of Nigerians in terms of the industry’s sustainability. STANLEY OPARA examines the misfortunes of the industry and the need to address them for national good.

Inadequate gas supply, transmission bottlenecks and limited distribution networks are currently the major setbacks faced by the power sector, not leaving out the liquidity challenge in the electricity industry, with particular emphasis on the poor remittance by the power distribution companies (DisCos).The Nigerian Electricity Regulatory Commission, last week, in a multi-paged report, expressed worry over the bad state of the industry, and thus called on all stakeholders to salvage the situation given the strategic role the industry plays in the entire economy.

Read more...http://energyworthonline.com/2018/09/10/power-sector-fortunes-dwindle-amid-high-expectations/

A recent study performed by the International Renewable Energy Agency (IRENA), says that hydrogen produced from renewable energy could enable large amounts of power to be channelled into sectors otherwise difficult to decarbonise through electrification.

“Hydrogen could, therefore, be the missing link in the energy transition,” the agency said.

Read more...http://energyworthonline.com/2018/09/10/hydrogen-the-missing-link-in-energy-transition/

Energy Worth with Agency Report

The Bank of Industry has signed a memorandum of understanding with the Export-Import Bank of China for the provision of a $500m facility towards the establishment of modular refineries in Nigeria.

The establishment of modular refineries is part of the Federal Government’s plan to end importation of petroleum products and to discourage illegal bunkering activities in the Niger Delta region.

Read more...http://energyworthonline.com/2018/09/09/bank-of-industry-obtains-500m-facility-for-modular-refineries/

By Energy Worth

The Federal Capital Territory (FCT) Minister, Muhammad Bello, on Friday, announced that all quarrying/mining activities and borehole drilling be suspended forthwith in the areas affected by the recent earth tremor.

Affected by the quarrying/mining and borehole drilling suspension are Mpape, Gwarimpa and Garki districts.

The suspension will subsist pending the outcome of investigations on the causes of the tremors.

Read more...http://energyworthonline.com/2018/09/08/abuja-tremor-suspend-mining-quarrying-activities-in-affected-areas-minister/

By Tsvetana Paraskova

A joint panel of OPEC and non-OPEC representatives will discuss next Tuesday how the group could distribute among them the 1 million bpd production increase that was agreed in June Reuters reported on Friday, citing sources familiar with the plans.

OPEC and its Russia-led partners of non-OPEC producers in the production cut pact agreed in June to ease compliance rates, in other words to boost production, to ease market and consumer concerns about an increasingly tighter market and higher oil and gasoline prices.

Read more...http://energyworthonline.com/2018/09/08/opec-nopec-to-discuss-1m-bpd-production-boost-tuesday/

By Energy Worth

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, on Thursday, announced immediate stoppage of fuel distribution and supply in Delta State, following alleged forceful evacuation of about 3,000 workers from the rigs by five drilling oil rigs being operated by Sterling Energy Exploration Company, SEEPCO, and its drilling arm, British Oil and Gas Limited in Kwale and Warri areas of Delta State.

Read more...http://energyworthonline.com/2018/09/07/nupeng-stops-fuel-distribution-in-delta-over-sack-of-3000-workers/

By Oke Peter

It was a gathering of renewable energy stakeholders, energy firms, Small and Medium Enterprises (SMEs) and entrepreneurs at the ‘Blockchain Networking Event’ organised by the First City Monument Bank (FCMB) in Lagos, on Wednesday, as experts discussed how ‘Blockchain Technology’ could enhance energy access in Nigeria.

The aim of the programme, organised by FCMB in partnership with the African Mini Grid Developers Association (AMDA), One Watt Solar (OWS), Climate Finance Advisors; United States Agency for International Development (USAID), Climate Bond Initiative and the Renewable Energy Association of Nigeria (REAN), was to help small and medium scale enterprises and entrepreneurs in the renewable energy space to achieving their dreams of contributing to the society by making use of the available funding opportunities that exist within the energy sector in Nigeria.

Read more...http://energyworthonline.com/2018/09/07/well-support-smes-entrepreneurs-with-viable-ideas-fcmb/

The Transmission Company of Nigeria (TCN) has said that electricity distribution companies (Discos) would have to invest about $4 billion over the next three years to be able to match its ongoing expansion of the national grid to take up to 20,000 megawatts (MW) of electricity generated in the country, and also distribute same by 2021.

The TCN equally stated that it was appointed by the federal government to part-manage the N72 billion the government plans to invest in the upgrade of the distribution networks not just because of the need to get excess generated electricity to the distribution networks but also to protect its transmission facilities which it claimed were frequently burnt by alleged inefficiencies of the Discos.

Read more...http://energyworthonline.com/2018/09/01/to-distribute-20000mw-discos-need-to-invest-4bn-by-2021-tcn/

By Oke Peter

In its efforts to build on the success recorded at the recently-concluded Sustainable Energy Finance Workshop (SEFi 2018), First City Monument Bank (FCMB) has announced that it will hold a ‘Blockchain networking event’ aiming to improving participants’ knowledge of blockchain technology as a useful tool for Renewable Energy Solutions.

The networking event tagged: ‘Blockchain Technology in Energy Access Finance for Africa’, will hold on Wednesday, 5th September, 2018, at the First City Monument Bank (FCMB), 38 Adeola Hopewell St, Victoria Island, Lagos, by 9.30 am.

Read more...http://energyworthonline.com/2018/08/31/fcmb-holds-blockchain-networking-event-sept-5/

Investigations have shown that the Electricity Distribution Companies (Discos) in Nigeria are indebted to the Nigerian Bulk Electricity Trader (NBET), and Market Operator (MO) to the tune of N103billion, according to the Nigerian Electricity Regulatory Commission recent (NERC) report released this week. The Guardian has reported.

DisCos were issued an invoice totalling N147billion for energy received from NBET and for the service charge by the Market Operator in the third quarter (Q3) 2017, but only N44billion was settled, creating a shortfall ofN103billion, NERC revealed.

Read more...http://energyworthonline.com/2018/08/31/discos-debts-to-nbet-market-operator-hit-n103-billion/

The forthcoming third edition of the Kenya Mining Forum (KMF) will focus strongly on how the mining industry can contribute to the Kenyan Government’s ‘Big Four Agenda’ namely, manufacturing, universal healthcare, affordable housing, and food security.
The event will take place between 12th and 13th November, 2018 at the Safari Park Hotel & Casino, Nairobi, Kenya.

Contributing, the host and Chief Executive Officer of the Kenya Chamber of Mines, Moses Njiru Njeru said: “Kenya remains an exciting new mining destination on the continent. Her progressive mindset is ready to embrace technology and innovations to explore the entire mining value chain towards becoming a modern mining player.”

Read more...http://energyworthonline.com/2018/08/31/kenya-mining-forum-ll-exploit-kenyas-big-four-agenda-opportunities/

Alhaji Idris Mohammed is the President and Chief Executive Officer of Consultancy Dell’Amore International Limited and former Managing Director, Kaduna Electricity Distribution Company (KEDC). He received a ‘Special Recognition Award’ as one of the top 50 in the world, who have contributed to the promotion of power projects in Africa at the just-concluded 20th anniversary of the Africa Energy Forum (AEF) in Mauritius by the EnergyNet Limited UK. In this interview with OKE PETER, he spoke on the award and the way out of the fluctuating power situation in Nigeria. Excerpts:

Congratulations on your recognition as one of the top 50 in the world, what is the significance of this award to you as a stakeholder in the energy sector?

The significance of this ‘Special Recognition Award’ as far as I’m concerned cannot be over emphasised, for the reason that I have spent over 25 years in the Nigeria’s power sector and close to 10 out of those years, I have been working with international energy stakeholders; who are interested in improving power supply in Nigeria; using the most recent technology solution that is cost-effective.

Read more...http://energyworthonline.com/2018/08/30/fg-should-review-discos-performance-consultancy-dellamore-ceo-idris-mohammed-2/

By Energy Worth

Following the rally in global crude oil prices, Nigeria has recorded a significant increase in oil export revenue as the country earned an estimated $26bn in the first seven months of this year.

The country saw its oil export revenue rise by 30 per cent to $34bn in 2017 from $26bn in 2016, according to the new OPEC Revenues Fact Sheet released by the Energy Information Administration on Tuesday.

Read more...http://energyworthonline.com/2018/08/24/nigerias-oil-revenue-hits-26bn-in-seven-months/

By ZeroHedge

A tanker with 19 crew members on board is feared to have been hijacked after it went missing in pirate-plagued waters off Gabon in West Africa and no word has been heard from it for a week, the ship’s managers and the crew agency said on Wednesday.

Read more...http://energyworthonline.com/2018/08/24/anxiety-as-tanker-with-19-on-board-disappears-in-pirate-infested-waters-off-africa/

By Nick Cunningham

Saudi Arabia is still clearly in control of the oil market.

The narrative that decisively took hold over the oil market in August was one of cracks in emerging market demand, concerns over the health of the global economy and fears over the fallout from the U.S.-China trade war. Turkey’s currency crisis set off a slide in emerging market currencies, which will likely undercut demand this year. The IMF warned earlier this summer that the downside risks to the economy were growing, a rather prescient prediction. On the supply side of the equation, outages from Iran loom large.

Read more...http://energyworthonline.com/2018/08/24/reasons-saudi-arabia-dominates-oil-market/

By Energy Worth

The Transmission Company of Nigeria (TCN), has reinstated that localising tripping in the power sector chain is not the company’s affair. This is coming against the backdrop of the recent allegation by Benin Electricity Distribution Company, BEDC, allegation that the National Grid was highly unstable, with over 2,000 tripping in its network between January and July 2018.

Read more...http://energyworthonline.com/2018/08/22/local-tripping-not-our-affair-tcn-tells-benin-disco/

Concerned stakeholders in the country’s petroleum industry have appealed to the Federal Government to spell out the timetable for the implementation of the Petroleum Industry Governance Bill (PIGB) if it eventually becomes a law.
The bill is current with the Presidency, awaiting the assent of President Muhammadu Buhari.

A panel of energy experts who spoke at the Annual Conference organised by the Association of Energy Correspondents of Nigeria, expressed the fear that unless the PIGB is insulated with a timeline stating its implementation deadline, its passage into law in an election year (2018) might suffer unnecessary delays if the incumbent Federal Government fails to get re-elected in 2019 to execute the law.

Read more...http://energyworthonline.com/2018/08/22/give-us-schedule-for-pigb-implementation-stakeholders-tell-fg/

By Energy Worth

Eko Electricity Distribution Company (EEDC) says it working towards ending ‘crazy billing’ meted out to consumers on its network through a project aiming to improve the company’s estimated billing system.
A statement from the firm on Thursday indicated that the process was ongoing and will reduce cases of outrageous billing.

Read more...http://energyworthonline.com/2018/08/17/eko-disco-moves-to-stop-crazy-electricity-bills-2/

By Tsvetana Paraskova

Despite an expected slowdown in Permian growth rates, the U.S. shale patch is increasing production and will continue to do so this year and next.

Oil market investors and analysts are currently very much focused on the demand side, with concerns over the potential of trade wars to curb oil demand growth. On the supply side, analysts have shifted their focus onto losses from Iran, crumbling Venezuelan production, and whether OPEC and its allies will be able—and willing—to offset supply disruptions.

Read more...http://energyworthonline.com/2018/08/17/can-us-shale-end-global-oil-supply-crisis/

By Energy Worth

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, said on Thursday that the split of the corporation into two entities if not properly communicated to the workers could generate some tension between the unions.

Read more...http://energyworthonline.com/2018/08/17/pigb-tension-over-fgs-attempt-to-split-nnpc/

By Vanand Meliksetian

President Donald Trump’s first year in office must have been a pleasant surprise for Chinese President Xi Jinping. A successful state visit in Beijing and an apparent personal chemistry between the two leaders suggested a close relationship between the countries was brewing. But President Trump’s second year has turned that narrative on its head. The trade war between the two largest economies in the world has been intensifying of late, with both countries implementing a second round of tariffs on $16 billion worth of goods.

Read more...http://energyworthonline.com/2018/08/16/lng-chinas-biggest-weapon-in-the-trade-war/