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Tags: Niger Delta

Costs of Nigeria’s oil & gas projects higher than other countries by 100% – Oil firms

Costs of Nigeria’s oil & gas projects higher than other countries by 100% – Oil firms

A report prepared by the Oil Producers Trade Section (OPTS) of Lagos Chamber of Commerce and Industry (LCCI), has shown the existence of a Nigeria-specific cost premium for the petroleum sector, with operating costs and projects costs significantly higher than in other countries by as much as 100%, The oil and gas producers stated that they… READ MORE

Kachikwu: Nigeria to Earn $2bn in the Short-term from Proposed Fiscal Policies for Oil Industry

Kachikwu: Nigeria to Earn $2bn in the Short-term from Proposed Fiscal Policies for Oil Industry

Nigeria is eyeing at least $2 billion in the short-term, and $9 billion in the long-term from the rollout of a new fiscal policy it has initiated for her oil and gas industry, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed. Kachikwu, in his monthly podcast for the period of November… READ MORE

Nigeria: NNPC Crashes Petrol, Cooking Gas Prices Nationwide

Nigeria: NNPC Crashes Petrol, Cooking Gas Prices Nationwide

The Nigerian National Petroleum Corporation (NNPC) has said sustained strategic intervention in the efficient supply and distribution of petroleum products has led to significant fall in the prices of petrol, and liquefied petroleum gas (LPG), also known as cooking gas, nationwide. In a statement yesterday, Ndu Ughamadu, spokesman of the corporation, said a national survey… READ MORE

‘Why Cooking Gas Price Has Not Crashed in Nigeria’

‘Why Cooking Gas Price Has Not Crashed in Nigeria’

The President of the Nigerian Liquefied Petroleum Gas Association (NLPGA), Mr. Dayo Adeshina has explained that the price of Liquefied Petroleum Gas (LPG), better known is cooking gas has not crashed to the expectations of Nigerians because infrastructural challenges have hindered the plan by the Nigeria LNG Limited to bring one LPG vessel from its… READ MORE