Latest News Oil & Gas

FG Raises Gas Flare Penalty To $2 Per 1000Scf

The Federal Government has increased the penalty for gas flaring to $2 per 1,000 standard cubic feet of gas, SCF, from N10 per 1,000 SCF earlier imposed as sanction for the offence. In the latest gazetted ‘Flare Gas (Prevention of Waste and Pollution) Regulations 2018,’ released by the Federal Ministry of Petroleum Resources, government stipulated […]