Africa Oil & Gas: Nigeria State Oil Firm Production Costs Cut To $23

 

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The NNPC “has driven down the cost of crude oil production by 70.5%

ABUJA/LONDON, (Reuters) – Nigeria’s production cost per barrel of crude oil is down to $23, the state oil company said on Wednesday, after the country last month said the cost was $29 a barrel, one of the highest levels in the world. Continue reading

Mozambique Mining: Australia Cyclone, Chinese demand boost Vale Moatize coal mine

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Vale Moatize Coal Mine, Tete Province

Bad weather in Australia and improved demand in China were the factors driving the higher metallurgical (or coking) coal prices during the second quarter of this year (2Q17), compared with the first quarter (1Q17). So stated Brazilian mining group Vale in its report, ‘Vale’s Performance in 2Q17’. Continue reading

Mozambique Energy: Gigawatt mulls US$700 million investment in power production

GigaWattThe Gigawatt power company could invest up to US$700 million in expanding electricity production in Mozambique, potentially making the country the SADC’s largest producer of energy from natural gas, according to OPais newspaper. Continue reading

INDUSTRY EVENTS: Africa Oil Week 2017 announces dynamic, forward-looking programme

 

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Industry Event  proudly brought to you by ITE

London, 18 August 2017 – ITE, organiser of top international oil and gas events, is pleased to announce details of the programme for the 24th Africa Oil Week, the world’s longest running oil and gas conference on the African continent, to be held in Cape Town, South Africa, from 23-27 October. Continue reading

Mozambique Energy: Consumers contest new price of electricity

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Power prices up again in Mozambique

“Power is the blood of development, and blood has a price… That’s the only way we can afford to invest,” said the CEO of Electricidade de Moçambique (EdM). The energy tariff was aggravated and EdM says that increase is aimed at meeting the company’s production needs. Continue reading

Mozambique Energy: EdM to invest $16b in electricity expansion