An economic think tank, Agora Policy, has demanded a review of the Petroleum Industry Act (PIA) following the decline in the dividend by the Nigerian National Petroleum Company (NNPC) Limited to the federation account. The company’s dividend to the federation…
The Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has clarified that no known government legislation is discouraging investments in the nation’s gas sector. The Minister made this in response to the recent statement attributed to the VP…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has inaugurated the Host Community Development and Administration Trust Board of Trustees (BOT) Forum. The exercise held at the Commission’s headquarters in Abuja and was witnessed by top management staff of the Commission,…
Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo has lauded the Petroleum Industry Act (PIA) 2021 for introducing transparency, efficiency, and sustainability both in planning and operations in the Nigeria gas sector. Ekpo stated this in a speech at the…
The Independent Petroleum Producers Group (IPPG) has underscored the need to focus on amending critical aspects of the Petroleum Industry Act (PIA 2021) to ensure security across Niger Delta, to stem oil theft. It also called for immediate ramping up…
The Petroleum Act (PIA) 2021 has been described as one of the most audacious attempts to overhaul the petroleum industry. General Manager, Operations, Asiko Energy Holdings Limited, Busayo Fabunmi said this at the just concluded annual International Strategic Conference organised…
The Nigerian Upstream Petroleum Commission (NUPRC) in compliance with the provisions of Section 71 (1) – (10) of the Petroleum Industry Act (PIA) 2021 has granted a Petroleum Exploration Licence (PEL) to TGS-PetroData Offshore Services Limited (TGS-PD). The PEL is…
By Bankole Taiwo, Abeokuta In line with the provisions of the Petroleum Industry Act (PIA), the Ogun State Government has kicked off the process of identifying communities along the Gulf of Guinea for the operationalisation of the Littoral Host Community…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has urged stakeholders in the oil and gas industry to fast-track the implementation of the Petroleum Industry Act (PIA). The Authority’s Chief Executive, Mr Farouk Ahmed, made the call at a…
The Stakeholder Democracy Network (SDN), an International non-governmental organisation, has called for urgent amendments in the provisions of the Petroleum Industry Act (PIA) targeted toward host community development regulations, warning that if the regulations for Host Community Development Trusts (HCDTs),…
