*Says Nigeria lost $50bn in 10 years due to uncertainty over non-passage of PIB *Sets up steering c’ttee to implement legislation President Muhammadu Buhari, on Wednesday, appealed to host communities of oil companies in the Niger Delta region to accept the Petroleum Industry Act (PIA), saying the implementation of the provisions of the Act will […]
After over 20 years of failed attempts, the senate is to pass the Petroleum Industry Bill (PIB), the Constitution Amendment Bill and other key bills before it this month. The Senate President, Dr Ahmad Lawan, made the announcement at a news conference to mark the two-year anniversary of the Ninth Senate in Abuja on Thursday. […]
Joy Obakeye The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has urged the Federal Government and the National Assembly to fast-track the passage of the Petroleum Industry Bill (PIB) so that it can receive Presidential assent as soon as possible. This was disclosed by the National President of the association, Comrade Williams Akporeha, […]
A new study conducted by the World Health Organisation’s International Agency for Research on Cancer has revealed that people working in the petroleum industry or living near petroleum facilities are at increased risk of developing cancer. The new review conducted by the IARC scientists provides evidence that petroleum industry workers and people living near petroleum […]
Oil-producing communities in the Niger Delta through some civil society organizations on Thursday, distanced themselves from the Petroleum Industry Bill (PIB), leading to violence at the N’Assembly. They protested against the shabby treatment meted to them by the House of Representatives ad hoc Committee on PIB at a two-day public hearing which it organised. During […]
Tunde Opalana, Abuja Challenging issues were on Monday raised by stakeholders in Nigeria’s oil and gas sector at the opening of a two day public hearing on the Petroleum Industry Bill 2020, (SB, 510 and HB 1061) at the National Assembly. Organised by the Joint Committees on Downstream, Upstream and Gas of the Senate and […]
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the federal government to look beyond politics and reconsider the passage of Petroleum Industry Governance Bill (PIGB) as this bill will remove some of the barriers of efficiency. Speaking in a press conference with journalists in Lagos, the National President of the […]
Mr Chinedu Onyeizu, an Energy expert has called for wholistic reform in the Petroleum Industry to drive development in the country..Onyeizu made this known in an interview with the News Agency of Nigeria (NAN) in Abuja on Tuesday. Buhari, Gowon, Osinbajo mark Independence Anniversary Onyeizu a former APC senatorial aspirant noted that as the country […]
Mobil Oil Nigeria has sent a notice to the Nigerian Stock Exchange (NSE), informing dealing members and the investing public of its change of name from Mobil Oil Nigeria to 11 Plc. The change of name will take effect on the Nigerian Stock Exchange (NSE) on Friday, 11 August. NIPCO Plc, had last year acquired […]