Petroleum Industry Act
Now that President Bola Tinubu has constituted the Federal Executive Council (FEC), with portfolios assigned to respective ministers, his government should settle down to serious work. There is so much to do in so little time.
.As Niger Delta women demand inclusion Stakeholders in oil host communities in Niger Delta have decried the delay in the implementation of the Petroleum Industry Act (PIA) 2021, two years after it was passed into law by former President Muhammadu Buhari, saying most communities are not included in the whole process. This was as women…
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday, disclosed that plans are being concluded on the implementation of the host community aspect of the Petroleum Industry Act...
Bayelsa State Governor, Douye Diri, has canvassed review of the Petroleum Industry Act (PIA) to correct some noticeable flaws.
As you settle down to work, my prayer for you is for God to increase you in knowledge that surpasses that of Daniel and wisdom and understanding that are greater than that of Solomon to deliver Nigeria from her litany of socio-economic challenges.
The Federal Government, yesterday, offered its first terminal establishment licences under the Petroleum Industry Act (PIA) to Nigeria National Petroleum Company Limited and Balema Oil Producing Limited, while wooing investors into the sector.
We saw it coming. Leftist arguments in support of a little subsidy for multi-dimensionally poor Nigerians no longer convinced some, same people who marketed similar arguments in 2012.
Nigeria’s oil and gas sector is currently feeling the impact of about $21 billion in divestments by oil multinationals, as its upstream capital expenditure assumes a downward trend.
The Petroleum Industry Act, 2021 (PIA) mandates the incorporation of host communities’ development trust (the Trust) by companies known as settlors under the PIA.
Three oil-producing communities in Delta State have called for rejection of Petroleum Industry Act (PIA), saying the implementation will plunge oil companies and their host communities into unnecessary crisis.
The Petroleum Industry Act, 2021 (PIA) mandates the incorporation of host communities’ development trust (the Trust) by companies known as settlors under the PIA. The settlors are companies that have interest in petroleum prospecting licence or petroleum mining lease whose area of operation is located or appurtenant to any community or communities. The incorporation of…
Seven Premium Motor Spirit (PMS) depots have been sealed in Lagos, Calabar, Warri, Port Harcourt and Oghara in Delta State by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for selling above ex-depot price.