Gas Flaring: FG Imposes N22bn Fine On Oil Firms   The Federal Government will impose $49m (N22bn) fine on oil and gas firms operating onshore for flaring 24b Standard Cubic Feet of gas valued at about N40b ($86m) between January and February 2023. According to latest gas...

Fed Govt Shortlists 139 Firms For Gas Project   As part of its efforts to reduce carbon emission, the Federal Government has shortlisted 139 oil and gas firms for its gas flaring commercialisation programme. The firms, which were shortlisted by the Nigerian Upstream Petroleum Regulatory Commission, would...

Oil, Power Firms’ Bank Debts Rise To N5.94trn     The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019. The N5.94tn represents 29.16 per cent...