PIB
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NEWS
NNPC to get new identity within six months of PIB
The Nigerian National Petroleum Corporation (NNPC) is set to adopt a new identity in the coming months. Following the passage of the Petroleum Industry Bill (PIB) on Thursday by the National Assembly and the expected signing by President Muhammadu Buhari, NNPC will become an incorporated entity in six months. This is according to part five of a draft copy of…
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Politics
Senate fixes date to consider joint committee report on PIB
The Nigerian Senate has finally fixed a date to consider the report of the Joint Committee on Petroleum (Downstream); Petroleum (Upstream) and Gas Resources on the Petroleum Industry Bill (PIB), 2021 (SB. 510). QuickNews Africa reports that Senate President Ahmad Lawan made this known on Tuesday, saying the Senate will on Thursday, July 01, 2021, consider the joint committee report…
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Energy & Environment
Clear Fiscal Framework Will Enhance Gas Development – Kyari
The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages. The Group Managing Director of NNPC, Mallam Mele Kyari, made the call at a one-day public hearing on “Inclusion of Gas Terms in Production Sharing Contracts (PSCs)” organized…
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Energy & Environment
PIB: Gov Diri advocates 10% for host communities
Gov. Douye Diri of Bayelsa on Tuesday proposed that 10 per cent be provided in the Petroleum Industry Bill (PIB) for the host communities. Diri, in a statement by his Chief Press Secretary, Mr Daniel Alabrah, said this on Tuesday in a town hall meeting on the bill with members of the National Assembly and stakeholders in Yenagoa. The governor…
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Energy & Environment
PIB: Activist identifies development challenges in oil host community
Dr Otive Igbuzor, a developmental activist says various developmental challenges associated with oil production had affected the development of oil host communities in the country. Igbuzor made this known at a Host Community Colloquium on the Petroleum Industry Bill (PIB) in Owerri, on Tuesday. He presented a paper on: ” The Host Communities Development Challenge: what’s broken that needs to…
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Energy & Environment
Pass PIB Now,Group tells NASS
The Federal Government has been advised to pass the Petroleum Industry Bill (PIB) in good time,given the threat the novel Coronavirus poses to the nation’s oil and gas sector. Making the call via statement on Thursday in Abuja, a non-governmental organisation, Centre for Transparency Advocacy (CTA), through its executive director, Faith Nwadishi,said that the passage of the PIB should be…
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News
Nigeria should curb president’s oil licensing powers – lawmakers
The Nigerian president’s power to grant oil licences should be removed and the government should float 30 percent of the state oil company, lawmakers recommended in a report on a bill aimed at cleaning up the industry in Africa’s top crude producer. An executive summary of the report by the Nigerian House of Representatives committee also said the new bill…
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