By NJ Ayuk NJ Ayuk is the Executive Chairman of the African Energy Chamber (www.EnergyChamber.org) and Author of A Just Transition: Making Energy Poverty History with an Energy Mix South Africa is facing an energy crisis on a very large scale. It’s not for nothing that President Cyril Ramaphosa took the unprecedented step of declaring […]
By NJ Ayuk Witnessing the far-reaching effects of South Africa’s continuing power cuts has been tremendously disheartening. The frequent and extended power outages taking place have left businesses in Africa’s most industrialized country struggling to function. Manufacturing is suffering. The national economy is taking a hit. The prolonged darkness is emboldening thieves and pushing crime
Understanding South Africa’s Energy Crisis Read More »
Eng. Bernard Amuor Makeny, Managing Director for South Sudanese National Oil Company (NOC) the Nile Petroleum Corporation (Nilepet), will participate as a speaker during the Dubai leg of the African Energy Chamber’s (AEC) (www.EnergyChamber.org) Invest in African Energy roadshow, offering investors from the United Arab Emirates (UAE) the chance to participate in South Sudan’s expanding
Nilepet Managing Director to Speak at the Invest in African Energy Event in Dubai Read More »
Addressing top energy operators, regulators and government functionaries at the 2023 African Refiners and Distributors Association (ARDA) Week in Cape Town, Wale Ajibade, Executive Director, Sahara Group, said the current level of global investments on renewable energy was inadequate to enable Africa to embrace more alternative energy sources. Ajibade, who delivered a paper titled, ‘Meeting
Sahara Group Urges Collaboration, Investments to Drive Sustainable Energy in Africa Read More »
By Eyo Nsima Many crude oil prices have started to rebound, hitting more than $74 per barrel in the international market, due to positive speculation. The prices had dropped to as low as $72 per barrel on Wednesday, due mainly to negative speculation over the demand outlook. But the report of the Organisation of Petroleum
BREAKING: Crude prices rise again, hit over $74 per barrel Read More »
An African Energy Chamber (AEC) (www.EnergyChamber.org) delegation – comprising Verner Ayukegba, Senior-Vice President, AEC and Ray Tanyi, Consultant, AEC – led by NJ Ayuk, Executive Chairman of the AEC, conducted a site visit to Nyanga PayGas Station – a liquefied petroleum gas (LPG) project located in the Nyanga community area of Cape Town – on
By Eyo Nsima There was panic as the price of Brent, the global oil benchmark, dropped by over five percent to $72.39 per barrel, the first time since December 2021. The price collapse which also affected other crudes started after the U.S. Energy Information Administration reported an inventory build of 1.6 million barrels for the
OIL MARKET: Panic as Brent price drops to $72.39 per barrel Read More »
By Eyo Nsima Shell Petroleum Development Company, SPDC, has resumed oil export at the Bonny Oil and Gas Terminal in Rivers state. The terminal was shut down due to increased pipeline vandalism, oil theft, and illegal refining in the area. However, in a statement obtained by The Daily, https://thedaily-ng.com, the company disclosed that, “The Shell
Shell resumes oil export at Bonny Oil Terminal Read More »
By Funmi Ogbue It is my pleasure to speak with you today on behalf of the Women in Energy Network (WIEN) as we prepare for our 2023 International Women’s Day Breakfast Session. This year’s event is themed, “Programmes & Initiatives for Equitable Access for Women in the Nigerian Energy Industry,” and we are excited to
By Eyo Nsima The rig count of Unites States slipped month-on-month, MoM, by 1.8 per cent to 758 in February 2023, from 772 recorded in the preceding month of January 2023. This was disclosed by the Organisation of Petroleum Exporting Countries, OPEC, in its March 2023 Monthly Oil Market Report, MOMR, obtained by The Daily,
JUST IN: United States rig count drops 1.8% to 758 Read More »
