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Gas Flare
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How oil companies evade over N258b gas flare penalty yearly
- June 9, 2020
- Posted by: Precious David
- Category: Uncategorized
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• FIRS Must Set Up An Oil And Gas Industry-specific Crack Team To Monitor Infractions – Ameh • JV Arrangements Fuelling Gas Flare Challenges – Bassey • Increase In Penalty Responsible For Discrepancies – Manufor • Inconsistent Gas Flare Figures Is Because Oil Companies Are Unwilling To Pay New Penalty Rate – Obi There are
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FG urged to establish independent protocols for auditing gas flares
- June 7, 2020
- Posted by: Precious David
- Category: Uncategorized
The Federal Government has been urged to set up independent gas flares reporting and auditing protocols to determine the exact volume of gas flared by oil companies in the country. Besides, the National Assembly should ensure that the volume of gas flared, attract the appropriate penalties and payment made a accordingly. In a paper presented by Solomon Adeleye,
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Group laments lack of blueprint to end gas flaring
- May 4, 2020
- Posted by: Precious David
- Category: Uncategorized
Nigeria Delta-based group, Centre for Environment, Human Rights and Development (CEHRD) has expressed concern over the inability of the Federal Government to develop a blueprint aimed at ending air pollution in the region. The group in a statement signed by Dr. Kabari Sam, Head, Environment and Conservation, said the government has jettisoned its policy to
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‘How to generate N15tr from oil despite slump’
- April 4, 2020
- Posted by: Precious David
- Category: Uncategorized
Though the global oil market is currently crippled by the outbreak of COVID-19, Nigeria could generate over N15 trillion yearly from the industry, some stakeholders have said. According to the stakeholders, in 2018 when the price of oil was fair, Nigeria only recorded $32.63 billion (about N12 trillion) from the sector, but when reformed and