• Trump plan to boost oil, coal could send prices lower

    Trump plan to boost oil, coal could send prices lower

    President-elect Donald Trump has pledged to boost the oil and gas sector and bring back coal, reversing President Barack Obama’s efforts to encourage renewable energy and cut dependence on fossil fuels.

    But analysts say Trump’s policies could serve to worsen the global energy glut, which would reduce prices while doing little to revive the fortunes of “Big Coal.”

    Trump has made no secret of his support for fossil fuels. His policy advisors include top oil industry lobbyists, fracking king Harold Hamm, and […]

  • Recession: Dangote turns to coal to power cement in Nigeria

    Recession: Dangote turns to coal to power cement in Nigeria

    Coal, rather than gas is now used to power Dangote cement plants in Nigeria, according to the company’s chairman Aliko Dangote, who said coal also reduces costs.

    Dangote said his plants  turned to locally-mined coal because of gas shortages due to militant attacks on gas pipelines in Niger Delta.

    “All our cement plants have been converted to coal,” Aliko Dangote, the company’s billionaire majority owner and chairman, told a business conference on Thursday, adding they would use 12,000 metric tonnes of coal […]

  • Electricity: General Electric to exploit coal for power generation in Nasarawa

    Electricity: General Electric to exploit coal for power generation in Nasarawa

    General Electric, American energy giant is due to exploit the vast coal deposit in Nasarawa State for the purpose of generating electricity for home and industrial use.

    Governor Umaru Tanko Al-Makura who disclosed this in Lafia, the state capital, said talks with the leading energy outfit had reached advanced stage and work is expected to commence as soon as issues bothering on solid minerals exploration are adequately tackled.

    He said the facility, when fully operational, is expected to generate 200 megawatts of […]