Petroleum Industry Act (PIA)
20 Nov
Oil-rich Egni community in Ogba/Egbema/Ndoni Council in Rivers State has decried its neglect by federal, state governments and oil companies operating in the area. A group of university professors and doctors from the area has, therefore, planned a summit to address the pains, lack of social amenities, abandonment, among others The Chairman, Egni Professors and Academic Doctors Forum (EPADOF), Prof. Daniel Ogum,…
27 Oct
Senate has mandated its Committees on Petroleum (Upstream), Downstream, and Gas to investigate implementation of the Petroleum Industry Act (PIA) with regards to potential exit of international oil companies (IOCs) from Nigeria.
24 Oct
The dilly-dallying of the Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the proposed alteration of critical aspects of the host community fragment of the Petroleum Industry Act (PIA), may, in the coming days, create fresh hostility against the government and oil companies in the Niger Delta amidst Nigeria’s troubled oil production.
27 Apr
The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo on Thursday resolved that "the timing for the removal of subsidy should not be now," but that crossing the t's and dotting the i's on the contentious matter should continue in consultation with the incoming administration as well as states and other key…
20 Jan
In compliance with stipulations of the Petroleum Industry Act (PIA), an indigenous oil and gas-producing company, Green Energy International Limited (GEIL), has inaugurated a seven-man board for the Host Community Development Trust, (HCDT). Speaking at the inauguration in Port Harcourt, the Chairman of GEIL, Prof. Anthony Adegbulugbe, explained that since the signing of the PIA into…
9 Dec 2022
Riding on the pedestal of the newly inaugurated Petroleum Industry Act (PIA), local oil and gas traders/operators have been advised to leverage technology if they truly desire to join the global oil and gas community. The Chief Executive of Flagship Energy Limited, Osagie Ediale, gave this advice at the weekend in Abuja. Ediale said the…