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Akwa Ibom: Oil firms assure host communities of payment of 3% operational expenditure vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
NUPRC Rallies Indigenous Oil Producers on Alternative Financing of Oil Exploration, Production Activities thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Over $14.5b gas projects in 2020 • Schemes to end gas flaring, unlock economic potentials • Stakeholders fear lack of govt commitment, non-private-sector involvement, others may scuttle efforts Stakeholders in the oil and gas industry yesterday raised concerns, as President Muhammadu Buhari and top government functionaries expressed optimism that the government’s focus on the gas sector would boost revenue, job creation and address lingering environmental issues. x Menace associated with gas flaring and the multiplier health and environmental hazards, especially in the Niger Delta region, is expected to decline with progress on about $14.5b worth of gas projects as well a new Integrated Gas Handling Facility (IGHF) and LPG Units. ....
• Schemes to end gas flaring, unlock economic potentials • Stakeholders fear lack of govt commitment, non-private-sector involvement, others may scuttle efforts Stakeholders in the oil and gas industry yesterday raised concerns, as President Muhammadu Buhari and top government functionaries expressed optimism that the government’s focus on the gas sector would boost revenue, job creation and address lingering environmental issues. Menace associated with gas flaring and the multiplier health and environmental hazards, especially in the Niger Delta region, is expected to decline with progress on about $14.5b worth of gas projects as well a new Integrated Gas Handling Facility (IGHF) and LPG Units. ....
Facility to provide 3.5m megawatts electricity in 25yrs About N2.8 trillion-revenue is expected from a new 200 million cubic feet gas project being promoted by the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC). This revenue is expected to be made in about 25 years as the Integrated Gas Handling Facility (IGHF) and LPG Units project would contribute at least $300 million yearly, bringing revenue to about $7.5 billion (N2.8 trillion) at full output. The project, which could be commissioned later this week, is coming shortly after a new pipeline project, the Ajaokuta-Kaduna-Kano pipeline, kicked off. The NPDC IGHF according to the NNPC would yield 82mmscfd of lean gas or methane, which is equivalent to 366.5MW of electricity per day. ....