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Tag: Gas flaring

Nigeria to end gas flaring by 2030 - NUPRC
News Oil and Gas

Nigeria to end gas flaring by 2030 – NUPRC

Preparations are in place by the Nigerian Upstream Petroleum Regulatory Commission to terminate gas flaring by 2030. The Punch stated that this was revealed during a lecture given by NUPRC Chief Executive Officer, Gbenga Komolafe, during the 8th Sub-Saharan Africa International Petroleum Exhibition and Conference, which took place in Lagos. Komolafe claimed that the NUPRC […]

FG loses N843bn to gas flaring in 20 months - Report
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FG loses N843bn to gas flaring in 20 months – Report

    Data from the National Oil Spill Detection and Response Agency reveals that the Federal Government lost approximately N843 billion due to gas flaring from January 2022 to August 2023. In its latest gas flare report, NOSDRA disclosed that oil and gas companies operating in Nigeria flared 147.1 billion standard cubic feet of gas […]

Reps to recover $9bn gas flaring fines from oil companies
Oil and Gas

Reps to recover $9bn gas flaring fines from oil companies

  The House of Representatives expressed its commitment to retrieving a substantial amount of over $9 billion in gas flaring fines that have been imposed by the Federal Government on both domestic and international companies involved in the Oil and gas sector. The Chairman of the Ad-hoc Committee, Ahmed Munir, tasked with investigating gas flaring, […]