energy sector Archives - Page 5 of 7

S.A’s Cabinet Lauds Energy Action Plan for Sustained Power Supply

The South African Cabinet has commended the successful implementation of the national energy action plan, led by Electricity and Energy minister, Kgosientsho Ramokgopa. The plan has contributed to 252 continuous days of power supply, and a saving of 17.37-billion-rand. In her media address, minister in the Presidency Khumbudzo Ntshavheni said cabinet was also updated on Eskom’s progress with the successful rollover of 5.5-million prepaid meters:

6 December, 2024

South Africa

Eskom CEO Highlights Data-Driven Approach and Governance

In S.A, Eskom CEO Dan Marokane says a data-driven approach and enhanced governance practices underpin the power utility’s financial and operational improvements. He briefed Parliament’s portfolio committee on Electricity and Energy yesterday. He adds that extending the life of coal power stations is one of the reasons for improvement in generation and load-shedding: Marokane also says the biggest risk factor is the non-payment of electricity bills by state institutions like […]

5 December, 2024

Business / Economics

Fuel Prices to Stay Steady in December

Motorists can breathe a sigh of relief as the Ministry of Mines and Energy has confirmed that fuel prices for December will remain unchanged. Here is Anna Salkeus from the ministry with more details.

2 December, 2024

South Africa

Ramokgopa Calls for Urgent Action on Johannesburg’s Energy Crisis

South Africa's Minister of Electricity and Energy, Kgosientsho Ramokgopa, has called for urgent action to tackle Johannesburg's growing energy crisis and financial issues. In talks with mayor Dada Morero, he highlighted problems like declining municipal revenues, the rising 6.3-billion-rand Eskom debt, and billing disputes between City Power and Eskom. Addressing the media, Ramokgopa said it was crucial to resolve these issues internally before seeking court intervention:

12 November, 2024

Africa

Nigeria’s National Grid Experiences Ninth Collapse of the Year

On Tuesday, Nigeria’s national grid suffered a partial collapse, leading to widespread power outages. According to Reuters, the Transmission Company of Nigeria reported that a disturbance at 12:52 GMT, triggered by line and generator trips, destabilized the system. Although power was restored in areas like Abuja, outages continued in other parts of the country.

6 November, 2024

Africa

Nigeria’s Dangote Oil Refinery Holds 500 Million Litres of Petrol

Nigeria's Dangote oil refinery possesses a reserve of 500 million litres of petrol, according to its billionaire founder, refuting assertions from marketers that they require additional imports to address fuel shortages. CNBCAfrica indicates that, in response to the situation, Nigeria's President, Bola Tinubu, convened a meeting on Tuesday in Abuja with oil regulators, the head of the state-owned NNPC, the finance minister, and Aliko Dangote.

31 October, 2024

Business / Economics

NAMCOR Partners with SLB to Enhance Energy Collaboration

The National Petroleum Corporation has signed a memorandum of understanding with global energy technology firm SLB. This partnership aims to strengthen collaboration in the energy sector, focusing on sustainability, decarbonization, and exploring new energy opportunities.Paulo Coelho: NamCor's Manager Of Marketing, Communications, and Public Relations.

4 October, 2024

Business / Economics

Financial restructuring strengthens NAMCOR’s performance

The National Petroleum Corporation of Namibia has given an update on its efforts to become a leading energy company. According to Paulo Coelho, Manager of Marketing, Communications, and Public Relations, Namcor is focusing on financial restructuring, improving operations, and accountability to strengthen its performance.

2 October, 2024

Business / Economics

Public interest grows following recent offshore oil discoveries

The Namibia Petroleum Operators Association hosted a press seminar to help the public better understand the country’s oil and gas industry. Recent offshore discoveries have increased public interest, making it important to provide clear and accurate information. NAMPOA Chairperson and BW Kudu Country Chairperson, Dr. Klaus Endresen, spoke about the economic challenges that the sector is facing.

24 September, 2024