Navigating Divestment in Nigeria’s Oil and Gas Sector: Regulatory Framework, Implications, and Future Prospects
INTRODUCTION Divestment also referred to as ‘divestiture’ is the process wherein a company sells a portion of its assets, often to enhance overall company value and achieve greater operational efficiency. This strategic plot is frequently utilized by companies to offload peripheral assets, enabling their management teams to refocus on their core business with increased precision. […]
The Nigerian Gas Flare Commercialisation Programme (NGFCP) 2022- A Key Enabler of Nigeria’s Decade of Gas Policy
INTRODUCTION Gas flaring occurs when upstream oil field operators opt to burn the associated gas that accompanies oil production, or simply release it into the atmosphere, rather than build equipment and pipelines to capture it. This is called ‘non-emergency flaring and venting’. It results in the release of substantial volumes of potent greenhouse gases (GHGs) […]
