The Coalition of Nigerian Civil Society Organisations for Petroleum and Energy Security (CONCSOPES) has called on organised labour to support the government’s efforts to deregulate the downstream oil and gas sector.

Rep. Mohammed Mongunu, the Chairman of House of Representatives Ad Hoc Committee on Petroleum, has said that the Petroleum Industry Bill (PIB), is expected to be passed by end of April to ensure competitiveness in oil and gas industry.

Mineral exploration and exploitation are always governed by certain terms that are agreed upon prior to the commencement of their operations.

The 9th Senate’s determination to pass the Petroleum Industry Bill (PIB) before the end of the first quarter in early April and await the president’s assent in May would seem a welcome development for stakeholders

The House of Representatives says there is no going back on the passage of the Petroleum Industry Bill (PIB) under consideration. Spokesperson of the House, Benjamin Kalu that the legislation will surely reinvigorate the petroleum industry and promote economic growth in host communities and the nation. Kalu explained that they are appalled at the scuffle…

Speaker of the House of Representatives, Mr. Femi Gbajabiamila, has assured the nation that vested interest will not stop passage of the Petroleum Industry Bill (PIB) this time around.

Citing the need to enjoy a chunk of the investment inflow into Africa, the Lagos Chamber of Commerce and Industry (LCCI) has charged the Federal Government with a Petroleum Industry Bill (PIB) that delivers value to the people...

A few weeks ago, a two-month moving average of oil prices collapsed, turning the market to a greenish outlook. The figures, indeed, have been bullish in the past six months.

Oil bearing communities and stakeholders in the oil and gas sector have raised concerns over loopholes in the Host Community fragment of the Petroleum Industry Bill (PIB)

Vice-President Yemi Osinbajo said in Lagos on Tuesday that the fiscal provisions for gas business in the Petroleum Industry Bill (PIB) would be one of the most attractive in Africa.

The New Petroleum Industry Bill (PIB) currently before the National Assembly has proposed that oil companies operating in some communities must develop community development plan to ensure their economic growth.

The Petroleum Industry Bill (PIB) was introduced to the National Assembly in 2007. Contrary to all Nigerians’ expectations, the Bill, in its wholesale form, has survived three presidents and four convocations of the National Assembly. But its passage will not sacrifice thoroughness on the altar of speed, because it will be in the nation’s best interest…