Fidelity bank banner NewsExpress advert
Mobil, Chevron, Shell lead gas flare chart

By Maduabuchi Eziukwu on 14/06/2012

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,920


 

Mobil Producing Nigeria (MPN), Chevron and Shell are on top of the gas flare chart in the oil industry, according to the latest edition of Monthly Petroleum Information (MPI) published by the Nigerian National Petroleum Corporation (NNPC).
 
Going by the data for January 2012, Mobil, an ExxonMobil subsidiary, flared 9.85 billion standard cubic feet (bscf) of gas into the atmosphere in the month under review.
 
The US oil firm produced 38.64 bscf and utilised 28.77 bscf of its associated gas for fuelling its operation, re-injection, and sale to industrial users.  
 
The gas flare for Mobil would have been higher if not for operations at the company’s $1.3 billion East Area Natural Gas to Liquids projects, which reduced the flare volume.
 
Chevron, also a US energy firm, flared 8.25 bscf of gas out of its 19.23 bscf of gas produced under the joint venture category.
 
On its part, Shell Petroleum Development Company flared 5.44 bscf of gas. Even though it produced the highest volume of 76.4 bscf of gas, Shell however used 70.45 bscf for power generation, sale to third parties and re-injection to stabilise oil production.
 
Across the entire industry, a total of 30.16 bscf about 13.97 per cent of total gas production was flared at the oil fields in onshore and offshore oil fields in Nigeria in the month under review.
 
Meanwhile, NNPC has announced a drop in the gas flare rate from 19 per cent to 14 per cent. The development was attributed to increased utilisation of gas for power generation, export and industrial applications.
 
As reported by Monthly Petroleum Information (MPI), gas flare in the country is on a steady decline.
 
The MPI indicated that 215.84 bscf of gas was produced in January while 199.41 bscf was utilised.
 
A total of 30.16 bscf about 13.97 per cent of total gas production was flared at the oil fields in onshore and offshore oil fields in Nigeria in the month under review.
 
The MPI further indicated that a total of 66.87 bscf of gas was sold to third parties by the oil firms for industrial use in addition to the utilisation of gas for fuel and re-injection at the oil fields.
 
The publication noted that the improvement witnessed in the reduction of gas flaring in the country could be attributed to monetisation, reinjection and other forms of gas utilisation initiatives aimed at reducing gas flare in oil fields in Nigeria.
 
Gas flaring is an unacceptable practice internationally due to its devastating consequences of the environment.

 

Posted 15/06/2012 03:19:55 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Buhari rouses African leaders for war against terrorism...

Police declare Senator who accused IGP of corruption...

Northern group endorses Buhari, says IGP has no...

Nigerian Air Force appoints new Spokesman

ASUU accuses LASU VC of non-possession of PhD,...

CAN declares peaceful protest, prayers for freedom of...

Buhari's anti-corruption crusade best for Nigeria - Ajimobi...

Buhari, security chiefs meet in Aso Rock

Quack vaccinators kill 15 children

RIGHTSView, By EMMANUEL ONWUBIKO: Nigeria’s obituary of popular...

UBA re-admitted into FOREX Market

BREAKING: Appeal Court nullifies David Mark’s election

 

Latest News Senate 2019: I have not dropped my ambition – Uduaghan Let’s give our future a chance: A case for Alex Ifeanyichukwu as Councillor for Umudurueze-Amandugba, By Austin Echefu Benue State: Is same-sex marriage a priority? asks Ekene Odigwe Man crushed to death after mother’s coffin falls on him during funeral Woman yelling 'Allahu akbar' slashes two with blade in France 2019: PDP disowns guidelines for presidential primaries Confusion trails ownership of sacked 300 street sweepers in Lagos Fayemi’s debt responsible for salary arrears - PDP Kukah to Christians: Unite against security threats FG loses N100bn on aviation charges—Expert No going back on July 1 okada ban in Awka, Onitsha — Obiano 2019: Makarfi to vie for PDP’s presidential ticket

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (351,554 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (350,604 views) Shameless Genevieve Nnaji exposes breasts in public (279,552 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,558 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (208,693 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,151 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,318 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,403 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,501 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,116 views) Lagos plane crash: Journalist releases victims’ names (143,496 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,371 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,240) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (503) Features (606) Global Business Monitor (280) International (2,031) Interview (153) Live Commentary (28) Love Matters (123) News (36,274) Opinion (1,002) Pidgin (10) Politics (5,268) Religion (770) Sports (1,549) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Royal Wedding 2018 of Prince Harry and Meghan Markel

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement