OPL 310: LEKOIL engages Optimum Petroleum over CRSA agreement

LEKOIL engages Optimum Petroleum over CRSA agreement

  Seeks mutually agreed interpretation of agreement   LEKOIL, an oil and gas exploration and production company with focus on Nigeria and West Africa region has announced that Mayfair Assets and Trusts Limited, in which it has a 90 per cent economic interest, has received a letter from Optimum Petroleum Development Company OPDC), the operator […]

Nigeria to sell 170MW electricity capacity to Togo from Calabar plant

Nigeria to sell 170MW electricity capacity to Togo from Calabar plant

  To sell additional 100MW to Paradise City, Calabar Power part of Nigeria’s 3,742MW stranded power     Nigeria is to sell 170 megawatts of electricity capacity to Republic of Togo, a West African and ECOWAS neighbour. The power described as “excess capacity,” is coming from the Niger Delta Power Holding Company (NDPHC) plant in […]

Global solar PV demand to reach 150 GW in 2021

Global solar PV demand to reach 150 GW in 2021

  Growth to be driven by China, Europe’s favourable policies, adding 77 GW India to add 9 GW motivated by its auctions for utility-scale projects IEA says PV growth to hit 880 GW by 2024, from 635 GW in 2019     Global demand for photovoltaics, otherwise called PV, is set to witness an uptick […]

Brent crude passes $63 as risk-on sentiment soars, FXTM analyst

Brent crude passes $63 as risk-on sentiment soars, FXTM analyst

  As Bonny Light crude rallies at $60.52     Oil prices kicked off the week on a strong footing, hitting a new 13-month high in early Asian trade. The robust recovery in oil prices and industrial metals over the past couple of months is driving the idea of a new commodities supercycle in which […]