Gas Flare: Ongoing Commercialisation To Attract $3.5bn Investments The ongoing gas flare commercialisation programme of the Federal Government will attract $3.5bn worth of investments to Nigeria. In a reply to enquiries on the status of the programme, senior officials of the Federal Ministry of Petroleum Resources...

In 9months, Nigeria Loses A Total N197bn To Gas Flaring Oil and gas firms operating in the country flared a total of 215.9 billion standard cubic feet of natural gas in the first nine months of last year, amounting to a potential loss of N197bn. Data...

Gas Flaring: NNPC Subsidiary, 22 Others Owe $49m Fines The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), and 22 other oil companies are yet to pay to remit $3,632,075 to the Federation as fines for flaring gas beyond...

To End Gas Flaring By 2020, Nigeria Requires $3.5bn Investment   Nigeria would need at least $3.5 billion investments to activate the new market-based initiative it had set up to end the practice of gas flaring at oil fields in the Niger Delta by 2020, the...

FG Gives Oil Firms 2019 Deadline To Stop Gas Flaring Any oil company that cannot stop gas flaring by 2019 should stop producing, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said. Kachikwu stated that the Department of Petroleum Resources would become severe...

In 3months Nigeria Loses N72bn To Gas Flaring Oil and gas companies operating in the country flared a total of 85.81 billion standard cubic feet of natural gas in the first three months of the year, causing the country an estimated loss of N72.41bn. Data obtained...