According to PricewaterhouseCoopers (PwC), regardless of the current bleak landscape of the Africa’s oil & gas industry, there is still hope for the sector to attract investors’ confidence. In the PwC Africa, oil & gas review, 2016 report the international advisory company states that in the face of global oil prices declining, the African continent still offers significant opportunities in the … Read More
Renewable Energy Development in Nigeria
Nigeria’s renewable energy division is on the rise as multiple agreements for new clean power plants are being signed to enhance the country’s energy generation supply. Earlier this week, independent solar power producer Scatec Solar contracted a 20-year Power Purchase Agreement with the Nigerian Bulk Electricity Trading Plc (NBET) to develop the 100MW Nova Scotia Power plant in Jigawa state. … Read More
Cheaper fuel and a cleaner environment
In a material reported in the July 29th, 2016 edition of Science funded by the National Science Foundation, NSF and the United States Department of Energy is the breakthrough research that has solar cell capturing carbon dioxide and sunlight to produce burnable fuel. The sustained crash in crude oil prices coupled with the vandalism of fuel pipelines makes dependence on … Read More