Business Hilights

Tracking Nigeria's Headline Business News Online

Justice Derefaka

(Special Report): How Sylva is fine-tuning Nigeria’s gas revolution drive

Less than one month of his official appointment and confirmation as the substantive Minister of State, Petroleum Resources, former Governor of Bayelsa State, Chief Timipre Sylva, took off repositioning of the oil and gas industry with unprecedented commitment. His first…

New discoveries’, Nigeria’s gas flare commercialization to drive Africa’s gas economy

Since this year, there had been rising discoveries of gas reserves amongst several oil and gas economies including Nigeria, Gabon, Senegal, Sudan, Ghana, E’Guinea, S’Africa, Mozambique, Kenya and others. Aside new gas deals, the Nigerian Federal Government under the new…

NGFCP boss set for US to address EFI summit on gas commercialization

Program Manager, Nigerian Gas Flare Commercialization Programme (NGFCP), Justice Derefaka will once again; be in the United States of America this week to address global investors in gas commercialization. This is coming barely one month after he took the campaign…

Banking/Investments

1969 Petroleum Act empowers FG to take flared gas from IOCs for free—Derefaka

The Program Manager, Nigeria Gas Flare Commercialisation Programme (NGFCP), Office of the Minister of State for Petroleum Resources, Mr Justice Derefaka has opened up on the enabling legal framework upon which the Federal Government is relying on to assume sole…

Shocker: 888mmcf/d flared gas in 178 sites in N’Delta equivalent to 5GW—NGFCP boss

The Program Manager, Nigeria Gas Flare Commercialisation Programme (NGFCP), Federal Ministry of Petroleum Resources, Mr Justice Derefaka, has explained that the average total number gas and carbon dioxide flared in confirmed 178 gas flare sites across Niger Delta is equivalent…

Energy

LNG trains, 3,000MWs, 0.6mmt of LPG underway as NGFCP speeds up GFC

As the Federal Ministry of Petroleum Resources follows all needed due diligence in driving efforts towards Gas flare Commercialization (GFC) through the activities of the Nigerian Gas Flare Commercialization Programme (NGFCP), the Program Manager, Mr. Justice Derefaka has opened up…

FG plans workshop for firms qualified to participate in gas flare commercialization

Successful companies who applied for qualification package of the Nigerian Gas Flare Commercialization Programme (NGFCP) via submission of their Statement of Qualification (SoQ) are now set for the next stage of the scheme ahead of allocation of gas flare sites…

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…

Discrepancies trail exact gas flare sites as NGFCP says 178, NSIA claims 300

Fresh confusion of exact number of gas flare sites in Nigeria has emerged following new claims of the Nigeria Sovereign Investment Authority (NSIA) that Niger Delta is currently bugged with over 300 gas flare sites. Latest report on Nigeria gas…

Four policies to drive down gas price in Nigeria loading

Strong indications are underway to show that current gas pricing crisis rocking the economy will soon become a thing of the past in no distant time. Otherwise, revelations from a recent gathering of key stakeholders in Nigerian gas sub sector,…