The Major Energy Marketers Association of Nigeria (MEMAN) has affirmed that the implementation of the Petroleum Industry Act (PIA) remains on course, despite ongoing discussions regarding its impact on the sector. The Executive Secretary of MEMAN, Mr Clement Isong, made…
The Concerned Energy Professionals in the Niger Delta (CEPND) have called for a revision of the Petroleum Industry Act (PIA) to enhance sustainability for host communities and attract greater investment for both the federal and state governments. In a statement…
NNPC Limited has reaffirmed its dedication to ensuring that funds allocated under the Petroleum Industry Act (PIA) are efficiently utilised to drive tangible development in host communities. This commitment was underscored during a stakeholder engagement session with the KEFFESO Host…
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…
