15 May 2022
For over a decade, some International Oil Companies (IOCs) that are operating in Nigeria have been divesting their portfolio. Among other things, those affected are eager to leave the shallow water, but still, maintain their businesses in the deep water...
30 Mar 2022
Vice President, Yemi Osinbajo, has called on the private sector to leverage the Petroleum Industry Act (PIA) to stake more investment in gas infrastructure across the country.
18 Mar 2022
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that concerted efforts should be made to persuade and further incentivise the International
27 Feb 2022
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has alleged that petroleum product marketers are taking advantage of seeming gaps and teething challenges in the implementation of the Petroleum Industry Act (PIA) to enrich themselves at the expense of the country and the people.
25 Feb 2022
International Oil Companies (IOCs) have called for the amendment of the Petroleum Industry Act (PIA) to provide clarity and better fiscal terms for deepwater gas investment.
2 Feb 2022
The Chairman, Major Oil Marketers Association of Nigeria (MOMAN), Olumide Adeosun, has stated that the Federal Government's suspension of the Petroleum Industry Act (PIA) would create more uncertainties in the nation's downstream sector.
28 Jan 2022
The Federal Government yesterday, in Abuja, said about N174 billion was raised from the 2020 Marginal Field Bid Round (MFBR) as about 33 awardees are set to lose out after failing to make payment.
16 Jan 2022
Managing Director and Chief Executive Officer of the company, Suresh Kumar, while addressing staff, thanked the employees for their resilience over the years, noting that the New Year offers
4 Jan 2022
The year 2022 is loaded with a lot of expectations, especially the Federal Government’s planned removal of petrol subsidy. With the Petroleum Industry Act (PIA) becoming law...
29 Dec 2021
Drama, intrigue and mixed feelings are a few words that best describe the energy sector in Nigeria in 2021, considering the lingering face-off between labour and government
10 Dec 2021
The Federal Government has said that it will carefully scrutinise oil companies bidding for the takeover of assets that Shell and other oil majors are divesting in the country.
9 Dec 2021
Mallam Mele Kyari, Chief Executive Officer, Nigerian National Petroleum Company (NNPC), says the newly passed Petroleum Industry Act (PIA) will attract more business Investments in Nigeria.