DESPITE Nigeria’s dwindling revenue, oil and gas companies operating in the country flared 12.7 million standard cubic feet (mscf) of gas in July 2023, according to the latest data from the National Oil Spill Detection and Response Agency (NOSDRA). This represents a 35 percent increase when compared to 9.4 mscf of gas flared in the…
It is not uncommon to read reports of the destruction of illegal refineries in the Niger Delta region. Refinery. The appellation ‘illegal’ could have arisen from the fact that the crude oil being refined was stolen from the oil rigs or reserves; or probably because the refineries did not go through official company registration with…
Fuel Hike, Following the recent hike of the Premium Motor Spirit (PMS), also known as Petrol or fuel after the removal of the subsidy by President Bola Tinubu-led government, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has hinted at an increase in the product. The IPMAN in a statement issued on Thursday, August 10,…
