Cooking gas price climbs to N500/kg, consumers cry out
…As FG remain mute on consequences The price of Liquefied Petroleum Gas, also known as cooking gas, has jumped almost beyond the reach of many Nigerians to a record high of N500 per kilogramme. Accordingly, many households both in rural…
Gas flaring cost Nigeria N53.26bn in two months – NNPC
Fresh data obtained from the Nigerian National Petroleum Corporation (NNPC) has revealed that the economy lost an estimated N53.26bn in the first two months of this year as international oil companies and local players flared a total of 33.04 billion…
Another look at the LNG’s Train 6 & 7
When the Liquefied Natural Gas, LNG, Train 6 was completed in 2008, close observers had anticipated that Nigeria would immediately go ahead with the construction of Train 7, expected to increase the LNG output to 30 million metric tonnes, MT…
Upon free rail line to Maradi, Niger mock Nigeria, route oil pipeline via Benin
Barely less than three months the Minister of Transportation, Chief Rotimi Amaechi, ‘begged’ the government and people of Niger Republic to be given free construction standard gauge rail line from Nigeria to their major city of Maradi, instead of reciprocating…
Chevron bags Award at 2021 NOG Industry Dinner and Awards
Chevron Nigeria Limited, (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL, (NNPC/CNL JV), on Wednesday July 7, 2021, received an award for the best exhibition booth at the 2021 edition of the Nigeria…
Marketers’ delaying private refineries in commencing production—NNPC
The Nigerian National Petroleum Corporation (NNPC) has claimed that investors’ inability to conclude with the corporation on the procurement of feedstock for the refineries is the reason why some completed private refineries are yet to commence production. Chief Operating Officer…
Can NGFCP succeed as IOC’s, others default in $3.6bn gas flare penalty
Indications have revealed that International Oil Companies (IOCs) and their indigenous oil firms counterparts have defaulted in payment to the tune of $3.6 billion on gas flare penalty. However, the Federal Government has continued to assure it was pushing to…
Chevron MD harps on Nigeria petroleum Industry at NOG 2021
Chairman and Managing Director, Chevron Nigeria Limited (CNL), Mr. Rick Kennedy, has identified low carbon emissions, gas development, effective industry policies, collaboration for cost reduction, and digital technology/innovation as strategic imperatives for fortifying the Nigerian oil and gas industry for…
As market awaits OPEC+ clarity, Oil steadies after tumble
Oil prices steadied on Wednesday after a steep drop in the previous session, following the cancellation of talks among OPEC+ producers that raised the prospect that the world’s major crude exporters will turn on the taps to gain market share….
Nigeria can be world’s No. 1 oil, gas nation if.., say NLNG
The Managing Director, Nigeria Liquefied Natural Gas (NLNG), Mr Tony Attah has argued that Nigeria has chances of becoming the world’s number one nation in oil and gas if deliberate actions are taken to actualise the ambition. The MD, represented…
