RSS Energy News | Oil and Gas News

  • Oxy backtracks on selling Algerian assets after government pushback
    Occidental Petroleum Corp.’s Algerian oil and gas assets are a core holding and will no longer be listed for sale, Chief Executive Officer Vicki Hollub said on a conference call with analysts. In May, Occidental’s proposed sale of its Algerian assets to Total SE was blocked by the North African country, putting further pressure on… […]
  • Orca awards CPTDC contract for Songo Songo Island project in Tanzania
    Orca Energy Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B) is pleased to provide the following operational update on its current activities in Tanzania and the appointment of two corporate brokers. All currency amounts in this news release are in United States Dollars ($) unless otherwise stated. Tanzania On August 3, 2020 Orca signed… […]
  • Distribution remains weakest link in Nigeria’s power supply chain – Siemens
    Germany-based Siemens AG, a company with which the federal government is expecting to achieve 25,000 megawatts by 2025, said yesterday that it had identified electricity distribution as the biggest challenge in the Nigerian power sector. Speaking on Arise Television, the broadcast arm of THISDAY Newspapers, the Chief Executive Officer of the company in Nigeria, Mrs… […]
  • FG to spend N2.3trn on electricity supply in Nigerian villages – VP
    The federal government will spend N2.3trn on the Solar Homes Systems (SHS), under the Economic Sustainability Plan to provide electricity in rural Nigeria. The announcement was made by Vice President Yemi Osinbajo, who said SHS would provide solar-powered power plants to 5 million households. According to him, the establishment of small centres would enable at… […]
  • Solar firm combats unemployment in Nigeria
    ‘Technology and entrepreneurship is the solution to eradicating the unemployment gap in the country” Peter Ojike, the Director of Wavetra Energy LTD. – a wholly indigenous solar company in Nigeria said while speaking to our reporters, and truly there seems to be no breakthrough in sight as the NBS data suggests on every quarterly report,… […]