REPS WARN AGAINST CONTINUOUS GAS FLARING IN NIGER DELTA

The House of Representatives, yesterday, warned oil companies operating in the Niger Delta region against continuous flaring of gas estimated at over $5 billion yearly from over 257 flow stations, saying it had subjected the lives of residents in the area to serious health hazards.

Read more @ Vanguard Online

NLNG BURDENED BY DOUBLE TAX, PIPELINE SECURITY ISSUES

The Managing Director and Chief Executive Officer of Nigeria LNG Limited, Tony Attah, has listed the challenges confronting the company to include operations of multiple regulatory agencies, pipeline security issues, and double taxation. Speaking during an oversight visit by the Senate Committee on Gas to the NLNG facility in Bonny, Atah disclosed that there were 19 recorded pipeline disruptions this year alone.

Read more @ The Guardian Online

NO MORE ANNUAL ALLOCATIONS TO DPR

President Goodluck Jonathan has approved the retention of four per cent of royalties on oil and gas concessions and other revenues as the cost of collection by the Department of Petroleum Resources, investigation has shown.



This means that the agency will retain four per cent of the total revenue it collects on behalf of the Federal Government and the other two tiers of government every month rather than depend on budgetary provisions for its operations.

Read more @ The Punch

FG TASKS OIL INDUSTRY OPERATORS ON OIL SPILL

The Federal Government has urged oil and gas companies operating in Nigeria to partner with it towards eradicating oil spillage and its harmful effect on the environment.

The Minister of Environment, Mrs. Lawrencia Mallam, called for the partnership during the inauguration and handover ceremony of the Geographic Information System laboratory stationed at the headquarters of National Oil Spill Detection and Response Agency in Abuja.

She said operators in the sector must join hands with the government to ensure safe and cleaner environment.

Read more @ Punch Online