Gas flaring Archives

Nigeria loses 62,400GWh to gas flaring despite FG penalties

Nigeria lost an estimated 62,400 gigawatt-hours of potential electricity generation to flared gas between 2024 and 2025, despite the Federal Government’s gas flaring penalties and efforts to curb the practice. This figure represents an 18.6 per cent increase from the 50,800 GWh recorded during 2022 and 2023. The losses come at a time when the […]

aadelekepdnlimited-com
29th July 2026
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featured Oil and Gas

Nigeria loses 3,100GWh to gas flaring in May — Report

There are indications that the Federal Government’s ambition to transform Nigeria into a gas-driven economy by 2030 is facing significant challenges, as the country lost an estimated 3,100 gigawatt-hours of electricity generation potential to persistent gas flaring by oil companies in May 2026. This came as figures released by the Nigerian Upstream Petroleum Regulatory Commission […]

aadelekepdnlimited-com
15th July 2026
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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 […]

bfatoyepdnlimited-com
14th February 2024
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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 […]

oamudipepdnlimited-com
5th October 2023
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220 Views

Chinese, Nigerian energy firms sign $1bn gas flaring deal

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NOSDRA proposes N19bn fine for gas flaring by oil companies

The National Oil Spill Detection and Response Agency has stated that oil companies that fail to reach the country’s zero gas flare rate may face fines of up to N19.4 billion (N768.77/$). The Punch reported that the N19.4bn fine showed that the companies flared 12.7 million standard cubic feet of gas in July 2023. This […]

bfatoyepdnlimited-com
31st August 2023
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232 Views

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, […]

oamudipepdnlimited-com
25th July 2023
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14.30K Views

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Tag: Gas flaring

Nigeria loses 62,400GWh to gas flaring despite FG penalties

Nigeria loses 3,100GWh to gas flaring in May — Report

Nigeria to end gas flaring by 2030 – NUPRC

FG loses N843bn to gas flaring in 20 months – Report

NOSDRA proposes N19bn fine for gas flaring by oil companies

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

Google pulls AI satellite image tool over misinformation.

Financial repression hits decades-high levels globally, IMF warns

EU to hold emergency border talks as 50,000.

WTO ranks Africa second in global export growth.

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