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Petroleum Industry Bill

18 Sep 2016
Charged atmosphere, blunt and frank exchanges are what to expect on floor of the Senate Chamber, when senators resume from their two-month holiday. As from Tuesday, it is expected that the senators, who are not unaware of the hardship in the country....
6 Sep 2016
The upper chamber also condemned calls for hike in the price of petrol describing such calls as being sponsored by enemies of government.
31 Aug 2016
Planned projects in Nigeria, which are expected to add about 1.124 million barrels per day to the country’s crude oil production, have either been deferred or suspended due to the low crude oil prices and the delay in the passage of the Petroleum Industry Bill (PIB).
26 Aug 2016
Until the Federal Government passes the Petroleum Industry Bill (PIB), regulatory uncertainty will continue to hinder the development of the Nigeria’s oil and gas sector, according to a Price Waterhouse ...
17 Aug 2016
The Nigerian economy has slipped into recession. The evidence is showing up in all the usual ways: slowing output growth, slumping purchasing-manager indexes, widening credit spreads, declining corporate earnings ...
10 Aug 2016
The current economic recession has not only hiked the cost of borrowing, there is hardly enough money to give to businesses to run their operations or retool in the short or long terms.
21 Jul 2016
Bureau of Public Enterprises (BPE), is blaming the Ministry of Petroleum Resources for scuttling the passage of the first Petroleum Industry Bill (PIB).
22 Jun 2016
A new militant group - the Niger Delta Avengers, which had already destroyed facilities belonging to international oil companies, has vowed to reduce the country’s production to zero.
17 Jun 2016
There is a sense of déjà vu in the rise of the Niger Delta Avengers, whose activities of sabotaging oil and gas infrastructure have brought about dramatic impact on Nigeria’s economy, which is already faced with recession.
10 Jun 2016
From the House of Representatives comes a revelation that it has been able to pass 94 bills within the last legislative year.
10 Jun 2016
The House of Representatives is billed to hold its planned stakeholders’ submit on the new version of the Petroleum Industry Bill (PIB) next month.

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