Market News
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Nampower to start building gas-fired plant
Posted on :Friday , 30th January 2015
The 250-megawatt project will be commissioned in the following 18 months, Managing Director Paulinus Shilamba said Friday in a telephone interview. The plant, to be located in Namibia’s coastal Erongo region, will use fuel sourced from a U.S.-based gas trader, he said.
“Various fuel options were investigated prior to initiation of the procurement . . .Nigeria Has Capacity to Refine One MBPD of Crude Oil By 2017
Posted on :Friday , 30th January 2015
"If all these are added together we will have about one million barrels per day refining capacity, I also presumed that NNPC is planning to upgrade its refineries by increasing the capacity and modernising the technologies, they have the potential of doubling the capacity from 445,000bpd to 900,000bpd," he said.
Soyode said making the refineries comp. . .Vivo Energy Kenya to Import Cleaner Diesel
Posted on :Thursday , 29th January 2015
Nairobi — Vivo Energy Kenya, which distributes and markets Shell-branded fuels and lubricants in Kenya, has become the first oil marketer in the country to import Low Sulphur Fuel Diesel (LSFD) with 50 parts per. . .
Caterpillar expects tough 2015, restructuring anticipated
Posted on :Wednesday , 28th January 2015
World’s leading manufacturer of construction and mining equipment Caterpillar has said it expects a tough 2015 as a result of the modest improvement anticipated globally as well as the continued weakness in commodity prices—particularly oil, copper, coal and iron ore as to which the company depends on for its sales.. . .Top Gas Provider Is Back In Business
Posted on :Tuesday , 27th January 2015
Nigeria has recommenced operations on its Trans Forcados oil pipeline, a senior oil official said on Monday. This will revive the generation part of the network which is paramount to almost half of the country’s gas production.
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