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Nigeria Lost $779.9m In 6 Months, As Oil Firms Flare 228.8bscf Of Gas

Nigeria Lost $779.9m In 6 Months, As Oil Firms Flare 228.8bscf Of Gas     Nigeria lost $779.9 million in the first half of 2020, as oil and gas companies operating in the country flared 222.8 billion standard cubic feet (bscf) of gas from within the period,...

In Nine Years, Shell’s Gas Flare In Nigeria Drops By 80% – Report

In Nine Years, Shell’s Gas Flare In Nigeria Drops By 80% - Report   International oil company, Shell has said its flaring of gas from oil fields in Nigeria dropped by 80 per cent between 2010 and 2019. It stated this in its 2019 Sustainability Report where...

FG Shortlists 200 Investors For Gas Flare Sites

FG Shortlists 200 Investors For Gas Flare Sites   The Federal Government has shortlisted 200 investors to bid for gas flare sites after the evaluation of statements of qualification submitted by interested companies. The Department of Petroleum Resources disclosed this on Monday, saying that 45 gas flare...

Zero Gas Flare Still A mirage As Nigeria Loses N243.23bn

Zero Gas Flare Still A mirage As Nigeria Loses N243.23bn   Despite promising to bring an end to the practice of gas flaring, Nigeria’s flared natural gas hovers around 218.9 billion standard cubic feet, translating to N243.23 billion. Monthly industry statistics published by the Nigerian National Petroleum...

FG Screens 250 Firms’ Bids For Gas Flare Points

FG Screens 250 Firms' Bids For Gas Flare Points   The Federal Government has begun the evaluation of statements of qualification submitted by about 250 firms for the commercialisation of gas being flared by oil companies operating in the country. In October 2016, President Muhammadu Buhari inaugurated...