Business Hilights

Tracking Nigeria's Headline Business News Online

gas flaring

ExxonMobil, Frontiers Oil face imminent court action over gas flaring, spillages

Less than one week after some host communities in Ohaji-Egbema Local Government Area of Imo State staged a protest against some International Oil Companies (IOCs) over continuous environmental pollution including gas flaring, in Akwa Ibom, Network Advancement Programme for Poverty…

NGFCP driving innovative, scalable approaches to gas flare reduction—Derefaka

The Program Manager, Nigeria Gas Flare Commercialisation Programme (NGFCP), Federal Ministry of Petroleum Resources, Mr Justice Derefaka, has explained that the design of the NGFCP was an innovative and scalable approach to gas flare reduction in Nigeria. He said the…

Gas flaring: FG adopts NGFCP report on SoQs evaluation exercise

Fresh drive has been given to the ongoing effort to commercialize gas flaring in oil-rich Niger Delta as the Federal Government has approved the Statements of Qualification (SOQs) Evaluation Report presented by the Inter-Ministerial Committee of the Nigerian Gas Flare…

Gas Flaring: FG upgrades steering committee to inter-ministerial to drive success

Federal Government has restructured the hitherto ministerial steering committee (SteerCo) of the Nigerian Gas Flare Commercialization Programme (NGFCP) from ministerial to inter-ministerial. This was in response to inclusion of relevant strategic ministries to fast-track the scheme. The Federal Government had…

(Special Report) Nigeria’s Gas development: The Chevron success story

No doubt, the development of Nigeria’s vast gas resources has been one of the major policy thrusts of successive governments in Nigeria. It is worthy of note that Nigeria is blessed with resources for growth and global competition in gas….

‘Poor demand, inadequate infrastructure key gas dev. issues in Africa’

Whereas Africa is gradually waking up to the understanding that gas, rather than oil holds the next money to be made in non-renewable resources, major nations with massive reserves are beginning to identify major challenges holding back development in gas….

New law on gas flaring boost for NGFCP’s gas commercialization drive—Derefaka

The Program Manager of Nigerian Gas Flare Commercialization Programme (NGFCP), Mr. Justice Derefaka has hailed last week passage of a new bill, which provided for penalty against gas flaring and other malpractices in the oil and gas sector. One of…

(Special Report) NGFCP on gas flaring: A timely drive for Nigeria’s win-win deal

No doubt, the crisis of gas flaring seems to have exited several oil producing nations but yet to leave Nigeria due to policy inconsistency and lack of political will to drive any good policy tailored towards the eradication. Gas flaring,…

Gas flaring: NGFCP ups gas commercialization speed to end yearly loss of N302bn

The Program Manager, Nigerian Gas Flare Commercialization Programme (NGFCP), Mr. Justice Derefaka has given fresh assurance that efforts are on high speed to fast track commercialization of flared gases in Nigeria so as to end the yearly loss of over…

Flare Gas Reduction Regulation 2018 to drive massive investment, sanity in industry

July 2018 can be said to be the best month ever in the history of Nigeria’s oil and gas sector, considering the signing into law, the new legal framework targeted at ending gas flaring. The Flare Gas Reduction (Prevention of…