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Nigeria lost N523 billion to gas-flaring in two years

Nigeria lost N523 billion to gas-flaring in two years

‘Local content policy attracts N1.8tr investment’ The Federal Government has lost N523 billion to gas-flaring between 2015 and 2016, data from the Department of Petroleum Resources (DPR) and Nigerian National Petroleum Corporation (NNPC) has shown. While DPR figures showed $850 million (N306 billion) loss to gas-flaring in 2015, NNPC latest report put losses to gas-flaring… READ MORE

Nigeria: Shell Profit Up By U.S.$2.2 Billion, to Invest U.S.$25 Billion in Nigeria, Others

Nigeria: Shell Profit Up By U.S.$2.2 Billion, to Invest U.S.$25 Billion in Nigeria, Others

Houston, U.S.A. — The net profit of Royal Dutch Shell more than doubled in the first three months of 2017, surpassing predictions by analysts as rebounding oil prices and refining gains helped to boost the company’s revenue. The company’s first quarter 2017 financial results released yesterday showed that net income attributable to shareholders in the… READ MORE

Nigeria to seek extension of crude deal with OPEC

Nigeria to seek extension of crude deal with OPEC

The Minister of State for Petroleum Resources, Ibe Kachikwu, says Nigeria will seek for a further six-month extension of its exemption from reducing oil production granted by the Organization of Petroleum Exporting Countries, OPEC. Mr. Kachikwu said this at a world news conference in Houston on Wednesday. Thirteen OPEC members and 11 non-OPEC countries, led… READ MORE

NLPGA targets two million tonnes consumption of cooking gas

NLPGA targets two million tonnes consumption of cooking gas

The Nigerian Liquefied Petroleum Gas Association (NLPGA), has solicited for the Federal Government’s intervention in forms of incentives to enable the country achieve two million tonnes consumption of cooking gas yearly. The NLPGA President, Dayo Adeshina, disclosed that Nigerians consumed about 500,000 tonnes of cooking gas in 20I6, noting the improvement showed the potential will… READ MORE

DooweGas Inducted Into The Lagos Chamber Of Commerce And Industry

DooweGas Inducted Into The Lagos Chamber Of Commerce And Industry

Doowegas got inducted Lagos Chamber Of Commerce (LCCI) at the just concluded induction ceremony in Lagos, Nigeria. This is a step further in the interest of Doowegas as it fosters opportunities for business developments to help serve our dear customers much more better than ever before. Lagos Chambers Of Commerce and Industries has been the… READ MORE

Nigeria LNG Exports Landmark 4000th Cargo to Turkey

Nigeria LNG Exports Landmark 4000th Cargo to Turkey

Nigeria LNG Limited (NLNG) on Monday reached another major milestone with the exportation of its 4000th cargo of Liquefied Natural Gas (LNG) from its Bonny Island Terminal in Rivers State to Mamara LNG Terminal in Turkey, which also received the company’s historic 3000th cargo, three years ago. The company’s General Manager in charge of External Relations,… READ MORE