PIA
14 Mar
Stakeholders , including leaders of the newly inaugurated Host Community Development Trust (HCDT), have expressed frustrations over the processes and attitude of the multinational oil companies in accessing three per cent Operating Expenditure (OPEX).
20 Dec
Stakeholders in the oil producing belt have expressed worry over powers given to oil firms in the Petroleum Industry Act (PIA) to exclusively determine what qualifies as a host community.
5 Dec
Fox Petroleum Group, yesterday, said $7.5 billion will be injected into the Nigerian National Petroleum Company Limited (NNPCL) in the next three years, to enable the state oil firm to overhaul its operations across the upstream, mainstream and downstream petroleum sector.
9 Nov
Two years after signing the Petroleum Industry Act (PIA), the projected gains for Nigeria’s oil and gas sector and by extension the economy, have remained elusive. Instead of acting as the gamechanger with the capacity to introduce best global standards in governance......
26 Oct
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has denied any attempt to shrink the three per cent host community fund in the Petroleum Industry Act (PIA).
18 Sep 2023
Dr Diran Fawibe is the Chairman and Chief Executive Officer of International Energy Services Limited (IESL).
13 Sep 2023
About seven years after developing the Nigerian Gas Flare Commercialisation Programme (NGFCP), the Federal Government on Wednesday announced that 49 flare sites have been awarded to a group of 42 investors. The aim of the programme is to save the environment and reduce impacts of routine gas flaring on the people living in the oil…
4 Sep 2023
After forcing through two very tough economic decisions: yanking off fuel subsidy and floating the naira in the forex market, it appears the government is not done yet. Every new day, we keep hearing of tough decisions that government must take to bring itself out of the hole.
2 Sep 2023
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke the licences of oil operators or settlors who failed to remit the three per cent statutory fees to oil communities before September ending.
9 Jul 2023
After its inauguration on June 13, the 10th Senate adjourned until July 4. The resumption of legislative activities, earlier in the week, however, saw the emergence of new principal officers, signaling that the Red Chamber was now in full swing.
19 Apr 2023
International and indigenous operators, yesterday, decried poor implementation of the Petroleum Industry Act (PIA), insisting overlapping regulations in the Act remain a disincentive.
9 Apr 2023
The Foundation for Partnership Initiatives in the Niger Delta (PIND) in collaboration with the Ford Foundation has commenced training of Non-governmental Organisations (NGOs) and Civil Society Organisations (CSOs) on the implementation of the Petroleum Industry Act (PIA) in the Niger Delta.