Oil Firms Spent N2.64bn On Transportation In Nine Months         The total expenses made on transportation and freight costs of oil products by four major oil marketing companies in the country in the first nine months of the year amounted to N2.64bn. This is in contrast to...

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...

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...

Oil Firms’ Debts Near N5trn Amid Price Collapse     The debts owed by oil and gas companies to Nigerian banks rose by N90bn in the second quarter of this year to nearly N5tn as many operators struggle to stay afloat in the face of depressed prices...

Oil Firms Spent N1.5bn On Transport In Six Months     The total expenses made on transportation and freight costs of oil products by three major oil marketing companies in the country in the first six months of the year amounted to N1.5bn. This is in contrast to...

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,...