As deep cuts in capital investment damage the growth prospects of the oil and gas industry, Wood Mackenzie’s recent corporate analysis in the sector shows that 56 companies have cut 2016 exploration and production (E&P) spend by 49 per cent or $230 billion relative to 2014 levels. The report showed that the 56 companies covered in the corporate analysis will … Read More
GENCOs Raise Concern Over TCN’s Operational Capacity
Electricity Generation Companies (Gencos) have attributed the current transmission infrastructure of the Transmission Company of Nigeria (TCN) as a threat to the safety of their operations and equipment. The Gencos have, in their expression of distrust with TCN’s operational capacity, also restated similar feelings on TCN as shared by the electricity Distribution Companies (Discos). They had earlier in 2014 warned … Read More