Energy

News : Energy

THE Government has not yet approved the sale of Ugandan oil fields to an Italian company, a senior energy ministry official has said. (AllAfrica)

It's now official. The oil find in blocks 1 and 3A in the Albertine region are gone to leading Italian multi-national company, Eni S.p.A. Heritage Oil Plc, hitherto operators of the wells, yesterday confirmed media reports it had sold its stakes here at $1.5 billion (Shs2.8 trillion). In a statement, Heritage says a final deal could be sealed by March next year subject to approval of transaction terms and conditions by the Uganda government. Superficially, this pops up as a great feat. (AllAfrica)

British oil explorer Heritage has sold its fields in Uganda to Italian oil giant Eni SPA for between $1.3b and $1.5b. (AllAfrica)

As Johannesburg gears up for 2010, increased numbers of power outtages are showing up what residents' say is the council's inability to deal with what could become a crisis. (AllAfrica)

People from Twenty eight communities likely to be affected by oil production in the Western region of Ghana have called for a wider engagement and consultations on the Environmental Impact of the oil production, before production starts. (AllAfrica)

If a motion by 11 senators sails through today on the floor of the Senate, the Upper House will launch a comprehensive probe into the revenue and expenditure of the Nigerian National Petroleum Corporation (NNPC) since 2007. (AllAfrica)

The decision of the Federal Government to deregulate the oil sector has generated a lot of controversies from stakeholders. While the labour kicked against it, government insisted that the exercise would benefit the people. Sheriff Balogun in this report, examines the arguments of both sides (AllAfrica)

Peugeot Automobile Nigerian (PAN) Limited, Kaduna, will from next year stop running on generator when power situation in the country improves, Vice president Goodluck Jonathan has said. (AllAfrica)

A new oil refinery is to be established in Eket local government area of Akwa Ibom state. (AllAfrica)

Tanzania Electric Supply Company (Tanesco) flouted public procurement rules in awarding a Sh3.6 billion medical insurance tender, according to the Public Procurement Appeals Authority (PPAA). (AllAfrica)

Vice President Goodluck Jonathan yesterday said Nigerians will not depend on generators for their electricity supply by this time next year. (AllAfrica)

JSE-listed energy group Oando expected its oil fields Oil Mining Lease 90 and 56 to start production within the next two quarters, the company said yesterday. (AllAfrica)

FRENCH power group Alstom yesterday said that it had signed a 100m contract to supply an instrumentation and control system for Eskom's Medupi power station in Limpopo. (AllAfrica)

FUEL retailer Engen Petroleum yesterday pleaded ignorance to reports Zimbabwean authorities had thwarted its bid to acquire fuel assets in the country. (AllAfrica)

PROPERTY loan stock company Vukile 's distributions for the six months to September increased 6,6% to R138,9m, or 47c per linked unit, but higher electricity and rates and taxes charges had a negative effect on distributable earnings as these charges were not fully recovered from tenants. (AllAfrica)

ESKOM would know early next year if the World Bank had approved a loan of up to 5bn, the bank said yesterday. (AllAfrica)

Worried about the shortness of time given for the public hearing on the Petroleum Industries Bill (PIB), a non-governmental organisation, Social Development Integrated Centre (Social Action), in collaboration with Stakeholders Democracy Network (SDN), is organising a communities and civil society consultative meeting to critically look at possible ways to improve it. (AllAfrica)

Mrs Nkechi Obi is the Managing Director, Techno Oil Limited, a significant player in the downstream sector of the oil industry. In this interview with Vanguard's Yemie Adeoye she speaks on infrastructural challenges and prospects of full deregulation in the downstream sub_sector of the petroleum industry. (AllAfrica)

THE Federal Government has been charged not to renege on its commitment to rapidly develop the Niger Delta, especially now that the struggle has shifted from armed violence to ideological agitation. (AllAfrica)

Low bulk power purchase tariffs are blocking private investors from developing low cost sources of electricity such as geothermal and wind power. (AllAfrica)

British oil explorer Heritage Oil will sell its fields in Uganda to Italian oil group Eni SpA for between $1.3b and $1.5b, the London-based Sunday Times said yesterday. (AllAfrica)

UK explorer Heritage Oil has confirmed that it agreed to sell its Ugandan interests to Italy's Eni for up to $1.5 billion as the Italian oil major builds its presence in Africa through acquisitions. (AllAfrica)

The government of Rwanda has signed a pact that will see US and UK based companies initiate a US$250 million project to produce bio-fuel in the country. (AllAfrica)

Ambassador Kabral Blay-Amihere, former Ghana Ambassador to La Cote d'Ivoire, has cautioned that oil flow may well fuel corruption to disturbing levels. (AllAfrica)

UNRELIABLE and interrupted electricity supply has hindered industrial growth, a minister said last week. (AllAfrica)

An ambitious investment programme by the Kenya Electricity Generating Company could, in less than five years, end the East African powerhouse's reliance on expensive fossil-fuel based power from independent power producers. (AllAfrica)

The government's plan to introduce a bulk procurement system for petroleum products is threatened by a plot to halt or delay its implementation, even as the relevant consultancy firm presents its final report. (AllAfrica)

The people of Otuasega community in Ogbia local government area of Bayelsa State have raised alarm over the continued use of soldiers as instrument of intimidation by three multinational companies in the course of carrying out mining and exploration activities in the area. (AllAfrica)

MASTERS energy, an indigenous operator in the downstream sector has announced the arrival of its maiden vessel, Victory 1, laden with about 50000Metric tonnes of Automotive Gas Oil (AGO) also called diesel. (AllAfrica)

UMBRELLA body for senior staff Associations in the country, the Trade Union Union Congress of Nigeria (TUC), has given some essential tips perceived to be paramount for a successful deregulation of the nation's downstream sector of the petroleum industry. (AllAfrica)

The Nigerian National Petroleum Corporation (NNPC) and the Rivers State Government have pledged to work together to restore production activities at the Shell Petroleum Development Company, SPDC operated Obigbo Gas Plant in Oyigbo Local Government Area of Rivers State. (AllAfrica)