Flared Gas Capable Of Generating 28,700 GWH Of Electricity         As the age-long battles over gas flaring in Nigeria’s oil industry seem intractable, a total of $1 billion, about N379 billion, has been recorded as the cumulative value of gas lost to the recorded incidents in...

PIB: Oil Firms To Pay Fine For Gas Flaring       Operators in the oil and gas sector involved in gas flaring will be expected to pay a yearly fine to the government for the offence, according to the Petroleum Industry Bill (PIB) before the National Assembly. The...

NNPC: More Gas Flared Than Supplied To Industries In One Year       The Nigerian National Petroleum Corporation (NNPC) has disclosed that between July 2019 and July 2020, Nigeria flared more gas than it supplied to its domestic industries, averaging about 600.38 million standard feet per day...

FG, Oil Companies Lose N87.16bn To Gas Flaring     The Federal Government and oil companies in the country lost an estimated N87.16bn from January to May this year as a total of 90.9 billion standard cubic feet of natural gas was flared. The oil companies wasted 19.95...

Flared Gas Can Employ Two Million People – RMAFC     The Revenue Mobilisation Allocation and Fiscal Commission on Wednesday lamented missed opportunities occasioned by continued flaring of gas in Nigeria. RMAFC also projected an annual revenue generation of $1bn from gas if the gas sector was properly...

Oil Crash Threatens Nigeria’s Gas Flaring Reduction     The oil price crash brought on by the coronavirus pandemic looks set to put a damper on gas flaring reduction efforts in the country as oil firms cut capital spending. International and indigenous oil firms operating in the country...