Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will guarantee a robust petroleum upstream framework for development. Sylva made this known at the 2021 Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum (SPEOLEF) in Abuja, on Thursday. The theme of the […]
The House of Representatives, says it will pass the Petroleum Industry Bill (PIB) before the end of 2021. Rep. Benjamin Kalu, the spokesperson for the House, said this when he spoke with newsmen on Thursday in Abuja. He said that the host communities remained an integral part of the bill, adding that the parliament would […]
Governors of the South-South geo-political zone want the National Assembly to increase the provision in the Host Community Fund as contained in the Petroleum Industry Bill (PIB) from five percent to ten percent Speaking after a brief meeting held ahead of the Peoples Democratic Party Zonal Congress in Port Harcourt, the Governors while welcoming the establishment […]
By Tunde Shorunke A group, Isoko Progressive Front (IPF), is through the House of Representatives member for Isoko Federal Constituency, Delta State Hon. Leo Ogor, seeking adjustment of several sections of the Petroleum Industrial Bill (PIB) before its passage. IPF is a pan-Isoko pressure group peopled by professionals of the oil-producing ethnic nationality’s descent at […]
Deputy Senate President Ovie Omo-Agege says the new Petroleum Industry Bill (PIB) will help drive the nation’s economy through added value and wealth from the oil and gas sector. Omo-Agege said this at the Host Community Colloquium on the PIB in Owerri on Tuesday. Represented by his Chief of Staff, Mr Otive Igbuzor, he said […]
The Nigeria Natural Resource Charter (“NNRC”), a non profit organization, has said it has identified key petroleum sector gaps that must be resolved to strengthen Nigeria’s petroleum industry. The NNRC in its 2019 Benchmarking Exercise Report also provided a broader analysis of petroleum sector gaps in country, while offering suggestions and recommendations. Daily Times gathered that […]
Abuja – President of the Senate Ahmad Lawan says the National Assembly will begin debate on the Petroleum Industry Bill (PIB) and Electoral Reforms Amendment Bill and Amendment of the 1999 Constitution. He stated this at an interactive journalists in Abuja on the achievements of the Senate within the past six months. Lawan, who is […]
The House of Representatives on Tuesday received the report of its ad hoc committee on the Petroleum Industry Bill (PIB). The bill seeks to address the issues of governance, host communities and provide the regulatory framework for the country’s petroleum industry. Presenting the report during plenary Tuesday, the Chairman of the ad hoc committee, Rep. […]
Oando, Mobil, Total, MRS, Capital Oil, others affected Allege connivance between marketers, govt officials Reopen investigation into Malabu oil deal Speedy passage of PIB, solution to anomalies –NNPC Speaker of the House of Representatives, Yakubu Dogara, on Tuesday, inaugurated an ad hoc committee to investigate the huge debts amounting to over N500 billion owed […]
Recently, the Director of Health of the Mother Earth Foundation, Mr. Nnimmo Bassey, expressed misgivings on the Federal Government reported commitment to end gas flaring by 2020. According to him, successive governments have been shifting the deadline for ending gas flaring from year to year, even as debates on the Petroleum Industry Bill (PIB), which […]
The Ijaw Youth Council (IYC), has described the decision of the House of Representatives to make the Petroleum Industry Bill cover the whole of Nigeria as ridiculous and a slap on the face of the oil bearing communities of the Niger-Delta region. The House recently expanded the application of the Petroleum Host Community Fund in the PIB to […]
Diversifying the Nigerian’s economy from over-dependence on crude oil has been described by the Nigerian Assoccition of Chambers of Commerce Industry Mines and Agriculture (NACCIMA) as the only strategy to effectively resuscitate and bring stability to the economy of our nation. In a media chat held in Lagos, the Chamber’s Acting National president Bassey Edem, […]
Industry stakeholders have called for a thorough amendment of the National Oil Spill Detection and Response Agency, NOSDRA Bill currently before the National Assembly, to remove any conflict between it and the Petroleum Industry Bill, PIB. Among the stakeholders, were officials of the Federal Ministry of Environment, Department of Petroleum Resources, DPR, and oil […]
There appear to be a silver lining in the sky for the oil and gas sector in Nigeria as President Goodluck Jonathan assured Nigerians during the just concluded Presidential debate organised by the Nigeria Election Debate Group that the issue of oil theft will be tackled through the use of technology. President Jonathan disclosed that […]
The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has commended the Hon. Ishaka Bawa-led 23 man- ad-hoc committee on Petroleum Industry Bill (PIB) for recommending the removal of discretional powers of the president to grant petroleum even as it urged Nigerian electorate to deprive lawmakers currently seeking re-election votes if they are found to […]