Tag: Gas production

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“We don't collect gas flare penalties, NUPRC does, says downstream regulator, requests review by Auditor-General   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has rejected findings in the Office of the Auditor-General of the Federation’s 2023/2024 Annual Report alleging under-remittance of gas flare penalty revenues to the Midstream and Downstream Gas Infrastructure Fund …

NMDPRA Threatens to Sanction Oil and Gas Firms Operating without Permits

Heirs Energy has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank) to ramp up its oil and gas production. The deal signed on Saturday, December 20, in Abuja, is expected to help the indigenous energy firm ramp up its crude oil output to about 100,000 barrels per day and gas to …

Tony Elumelu, UBA chairman

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