Nigeria Lost 4.5trn Oil Barrels To Theft In 4 Years, Says Minister       Dr Mohammad Abubakar, Minister of Environment, on Monday, disclosed that Nigeria recorded 4,919 oil spills between 2015 to March 2021 and lost 4.5 trillion barrels of oil to theft in four years. Abubakar disclosed...

Reps Query FG, Agency Reports On Gas Flaring     The House of Representatives has resolved to investigate the amount of gas so far flared in Nigeria to address the discrepancies in the figures being released by both government and oil companies. At the plenary on Thursday, the...

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...

Nigeria Loses N343bn As Oil Firms Burn 265bcf Of Gas In 9 Months       Despite Nigeria’s struggle with declining revenue, poor power supply and environmental degradation, oil and gas firms operating in the country flared 265.18 billion standard cubic feet, bcf, of gas between January and...

Oil Firms Spill 3,346 Barrels Of Crude Oil In Eight Months ― Investigation       Oil and gas companies operating in Niger Delta spilled 3,346.94 barrels of crude oil, an equivalent of 532,078 litres, in eight months, from January to August 2020, according to data obtained from...

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,...