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29 Oct 2021
Nigeria has, in the first 152 days of this year, flared about 85.4 billion standard cubic feet of natural gas, translating to monetary loss of about $510 million (N209 billion), a figure, averaging the three per cent funding to host communities in the 2021 Petroleum Industry Act.
30 Sep 2021
By flaring, rather than utilising gas for power generation or other domestic needs, Nigeria and other nations involved in such act, could lose up to $82bn a year due to global gas flaring, says GlobalData report.
4 Jun 2020
With a recent offer for its 57 marginal oil fields to investors after 17 years gathering momentum, the Federal Government, through the Department of Petroleum Resources...
28 Feb 2020
A few days after the Department of Petroleum Resources (DPR), announced that over 200 bidders were competing for the available 45 gas flaring sites in Nigeria, the agency has extended the timeline for the submission of bids by six weeks.
8 Jan 2020
Nigeria being Africa largest Oil producer is a fact many around the world are familiar with and in spite of the many challenges in the industry, this fact remains and at 202 trillion scf of proven natural gas reserves and another 600 trillion ....
14 Nov 2019
The House of Representatives has ordered the multinational oil companies operating in Nigeria to stop the flaring of associated gas.
23 Oct 2019
With the consumption rate of energy rising faster than the population growth rate, stakeholders in the energy sector have advocated renewed energy mix and transition...
21 May 2019
It is true that policies lack the force of law. However, regulations are subsidiary legislations and have the same force of law as their principal...
24 Apr 2019
Policy drives socio-economic development and its sustainability is largely dependent on formulation of the right policies to allow for efficient business...
13 Mar 2019
The outlook for natural gas has shown that demand for the commodity is set to rise as new gas infrastructure across value chains will support the rise in traded gas flows.
20 Jun 2018
The Federal Government’s desire to grow Nigeria’s strategic oil reserves to about 40 billion barrels and daily crude oil production to four million barrels per day may suffer setback...
6 May 2018
Experts have cautioned against undue optimism over the three-point strategy unfolded by the Federal Government to end gas flare by 2020, insisting that elusive strategies...

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