FG fails to recover N13.33bn gas flaring fines
The Federal Government recorded a revenue shortfall of N13.33bn from gas flaring penalties issued against oil and gas firms in January and February 2023, according to findings by The PUNCH.
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The Federal Government recorded a revenue shortfall of N13.33bn from gas flaring penalties issued against oil and gas firms in January and February 2023, according to findings by The PUNCH.
Afentra has inked a sale and purchase agreement (SPA) with Azule Energy Angola Production to boost its stake in two blocks offshore Angola.
Afentra plc has completed the acquisition of interests in two blocks offshore Angola from Croatia’s INA-Industrija Nafte.
The Federal Government will impose $49m (N22bn) fine on oil and gas firms operating onshore for flaring 24b Standard Cubic Feet of gas valued at about N40b
UK-headquartered Afentra plc has received approval from the Angolan Ministry of Mineral Resources, Oil and Gas for the acquisition of INA-Industrija Nafte's interest in two blocks offshore Angola.