A Global management consultancy McKinsey & Company has put forward the notion that South Africa should immediately pursue a ‘big gas’ energy option to bridge an electricity supply gap of between 6 GW and 10 GW that could arise by 2025 as older coal-fired power stations are decommissioned. This was contained in a report titled ‘South Africa’s Big Five: Bold Priorities for Inclusive...

The Nigeria government has been told to engage the aboriginal gas companies as a way of boosting gas production if the country must meet its power and other gas related needs. The Chief Executive Officer of Frontier Oil Limited, Dada Thomas (photo), made this call at the annual conference of the National Association of Energy Correspondents (NAEC) in Lagos. Businessday reports  To him,...

Egyptians have said that production in the industry will continue to suffer, unless the government starts diverting some of the gas supplied to electricity plants powering homes to factories. Companies however lament on the kind of power cuts that fuelled unrest in the past and government energy policies are dealing a blow to industries vital for economic growth. "Factories have been beset by...

Workers in the Nigeria’s oil and gas industry have said that government’s regulation of petroleum products prices has created more obstacles than encouragements in the system. This obstacles, according to the Chairman/Managing Director of Mobil Oil Nigeria Plc, Mr. Tunji Oyebanji, includes fixed margins, delay in subsidy refunds, product adulteration, indiscriminate construction of stations...

The Nigerian National Petroleum Corporation (NNPC)’s Group managing director, Dr Ibe Kachikwu, has said that the corporation will need not less than a year to perfect and re-present the Petroleum Industry Bill (PIB), although the corporation would begin its reform without the bill, Allafrica reports. This he disclosed at the 55th Annual General Conference of the Nigerian Bar Association in...

21 suspects have been arrested and six illegal refineries destroyed in Delta, Edo and Bayelsa by the the Joint Military Task Force (JTF) in the Niger Delta, with the codenamed Operation Pulo Shield for various criminal activities in the region ranging from oil theft, kidnapping, piracy and illegal oil bunkering. Coordinator, Joint Media Campaign Centre of Operation Pulo Shield, Lt. Col. Ado Isa,...

According to a leading water supplier, Aberdeen based businesses undergoing downturn in the oil industry have decided to investigate the substantial savings that can be made on water costs. Alan Munro (photo) of Thames Water Commercial Services (TWCS) declared that the firm is getting an increasing number of enquiries in the city as Oil and Gas firms look for new and advanced ways of cutting...

The President of Nigeria Muhammadu Buhari has been urged by the Oil Producing Area Association of Nigeria, (OPAAN) to legalize illegal refineries rather than putting an end to their operations in which is capable of boosting local refining capacity and the economy. The association stated that while Nigeria could not meet up with the internal consumption of petroleum products, it is however...