PIB

Vice-President Yemi Osinbajo on Tuesday met with some stakeholders in the oil and gas industry in continuation of the Federal Government’s consultations ahead of the passage of the Petroleum Industry Bill currently before the National…

      …As $30bn oil sector projects await FIDExperts from the Nigeria Association of Petroleum Explorationists (NAPE) group blames PIB and have asserted that Nigeria’s oil and gas industry has continued to record heavy drop in investments,…

Nigeria’s Deputy Senate President, Senator Ovie Omo-Agege, has said that more gas infrastructure required for power generation would be constructed in various parts of the country going by the provisions contained in the Petroleum Industry…

The New Petroleum Industry Bill (PIB) currently before the National Assembly has proposed that oil companies operating in some communities must develop community development plan to ensure their economic growth. The new bill obtained by…

Nigerian House of Representatives Committee on Gas Resources has applauded the Nigerian National Petroleum Corporation (NNPC) for its achievements in the areas of gas infrastructure development, gas supply obligations for the domestic…

Oil companies operating in Nigeria are expected to incorporate a host community trust for social and economic benefit from petroleum operations in the host communities. From excerpts in the new Petroleum Industry Bill (PIB) obtained by…

The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB). The News Agency of…

Exploration of frontier basins shall fall under the purview of the Upstream Regulatory Commission, if the Petroleum Industry Bill, under consideration at the National Assembly, becomes law in its current form. In the wordings of the…

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari said that the corporation will partner with the media to ensure Nigerians are properly informed on the Petroleum Industry Bill (PIB). …

The National Assembly has shifted deliberations on the Petroleum Industry Bill to the first quarter of next year, the Minister of State for Petroleum Resources, Timipre Sylva, has said. Speaking on the sidelines of the Joint…

A peep into the Petroleum Industry Bill 2020 shows a list of the specific functions the three agencies that would replace the Nigerian National Petroleum Corporation when the proposed legislation is passed and assented to by President…

…says search in Benue attracting attention of IOCsAn expert has confirmed that the exploration of oil in the Benue Trough by the Nigerian National Petroleum Corporation (NNPC) is attracting the…

Nigeria Outlook has clear oil exploration potential but government policy on the sector is unclear, with one option being a switch to gas. Companies working in Nigeria’s energy sector have called for a faster rate of change from the…

Beside the uncertainties created by the non-passage of the 20-year old Petroleum Industry Bill (PIB), the decline in exploration activities in the upstream sector of the Nigerian oil and gas industry has been attributed to unfavourable…

The Nigerian Minister of State for Petroleum Resources, Mr Timipre Sylva has absolved the executive arm of government from the delay trailing the Petroleum Industry Bill (PIB), adding that indeed, the timeline for the delivery of the…

The Minister of Petroleum Resources, Timipre Sylva has said that the proposed Petroleum Industry Bill (PIB) should include the significant lowering on onshore taxes for new investments and for existing operations. He said the…

The Managing Director (Downstream), Aiteo Group, Mr Ewariezi Useh has said that modular refineries sprouting in different parts of the country cannot be relied on to meet fuel demand in the country. Useh who made disclosure during the…

Chibisi Ohakah, Abuja   The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari has pledged to ignite a new era of robust engagement with the National Assembly to ensure speedy…

Chibisi Ohakah, Abuja The 9th National Assembly has pledged to give priority to the passage of the Petroleum Industry Governance Bill (PIGB) in order to consolidate and reposition the country’s oil and gas industry for the benefit of…

…denies rumours of NNPC, refinery sale Chibisi Ohakah, Abuja There are indications that the orchestrated Petroleum Industry Bill (PIB) may be assented to by President Muhammadu Buhari before the end of June 2019, when the 9th National…