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The Senate, on Thursday has passed the conference report of the National Assembly on the Petroleum Industry Bill (PIB). The Conference Committee of the Senate and the House of Representatives on the PIB, in its report adopted the 3 per cent for oil producing communities as trust fund, which was passed by the red chamber…
July 15, 2021
...Bill Negates Nigeria’s Commitment To Paris Agreement Fault PIB For Giving Oil Companies Overriding Power To Nominate All Members of BoT of Host Communities Call For Deletion Of Clause Seeking To Make Communities Forfeit Benefits Over Act Of Vandalism The Nigerian government has been urged to abandon its aggressive search for oil in the propped-up…
July 7, 2021
The Organisation of Petroleum Exporting Countries (OPEC) has commended President Muhammadu Buhari and the National Assembly on the passage of the Petroleum Industry Bill by the National Assembly. OPEC Secretary-General, Dr Mohammad Barkindo, gave the commendation at the ongoing 20th Nigeria Oil and Gas Conference (NOG) in Abuja, on Tuesday. The theme of the conference…
July 6, 2021
The Department of Petroleum Resources( DPR) has listed five ways to fortify the Nigerian oil and gas sector for economic stability and growth. The Director and Chief Executive Officer of DPR, Mr Sarki Auwalu, made the suggestion while presenting a keynote address at the 20th Nigeria oil and gas conference, in Abuja on Tuesday. The…
July 6, 2021
Dr Mohammad Abubakar, Minister of Environment, on Monday, disclosed that Nigeria recorded 4,919 oil spills between 2015 to March 2021 and lost 4.5 trillion barrels of oil to theft in four years. Abubakar disclosed this at a Town Hall meeting in Abuja, organised by the Ministry of Information and Culture, on protecting oil and gas…
July 6, 2021
It’s Satanic, unjust, embarrasing – E.K. Clark It’s totally unacceptable -- UPU, Others HOSTCON Hails Passage, Asks NASS To Review Host Community Fund Quota Leaders Criticize 30% Provision for Oil Search In the Frontier Basins Several provisions contained in the Petroleum Industry Bill, (PIB) passed into law by the National Assembly on Thursday, July 1,…
July 5, 2021
Lawan: ‘Demon’ Behind Non-passage Finally Defeated The Nigerian Senate has allocated 30 per cent of accruing profit from Nigerian National Petroleum Corporation (NNPC) to the aggressive pursuit of oil exploration in Northern Nigeria in the Petroleum Industry Bill (PIB) passed on Thursday after about two decades of stalling. The 30 per cent funding mechanism approved…
July 2, 2021
Re-emphasizes Need for IOCs to relocate headquarters to Niger Delta Exactly three working days to June end deadline given by the National Assembly to pass the age-long Petroleum Industry Bill, (PIB) to law, the Host Communities of Nigeria, oil and gas, (HOSCON) has reminded the lawmakers on the need to ensure that their demand for…
June 26, 2021
The federal government earned a total sum of $34.22bn (N14 trillion) from the oil and gas sector in 2019, a financial report by the Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed. According to the report, the revenue generated from the oil and gas sector in 2019 accounted for 4.88% increase compared to the $32.63…
June 19, 2021
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The Senate, on Thursday has passed the conference report of the National Assembly on the Petroleum Industry Bill (PIB). The Conference Committee of the Senate and the House of Representatives on the PIB, in its report adopted the 3 per cent for oil producing communities as trust fund, which was passed by the red chamber…
July 15, 2021
...Bill Negates Nigeria’s Commitment To Paris Agreement Fault PIB For Giving Oil Companies Overriding Power To Nominate All Members of BoT of Host Communities Call For Deletion Of Clause Seeking To Make Communities Forfeit Benefits Over Act Of Vandalism The Nigerian government has been urged to abandon its aggressive search for oil in the propped-up…
July 7, 2021
The Organisation of Petroleum Exporting Countries (OPEC) has commended President Muhammadu Buhari and the National Assembly on the passage of the Petroleum Industry Bill by the National Assembly. OPEC Secretary-General, Dr Mohammad Barkindo, gave the commendation at the ongoing 20th Nigeria Oil and Gas Conference (NOG) in Abuja, on Tuesday. The theme of the conference…
July 6, 2021
The Department of Petroleum Resources( DPR) has listed five ways to fortify the Nigerian oil and gas sector for economic stability and growth. The Director and Chief Executive Officer of DPR, Mr Sarki Auwalu, made the suggestion while presenting a keynote address at the 20th Nigeria oil and gas conference, in Abuja on Tuesday. The…
July 6, 2021
Dr Mohammad Abubakar, Minister of Environment, on Monday, disclosed that Nigeria recorded 4,919 oil spills between 2015 to March 2021 and lost 4.5 trillion barrels of oil to theft in four years. Abubakar disclosed this at a Town Hall meeting in Abuja, organised by the Ministry of Information and Culture, on protecting oil and gas…
July 6, 2021
It’s Satanic, unjust, embarrasing – E.K. Clark It’s totally unacceptable -- UPU, Others HOSTCON Hails Passage, Asks NASS To Review Host Community Fund Quota Leaders Criticize 30% Provision for Oil Search In the Frontier Basins Several provisions contained in the Petroleum Industry Bill, (PIB) passed into law by the National Assembly on Thursday, July 1,…
July 5, 2021
Lawan: ‘Demon’ Behind Non-passage Finally Defeated The Nigerian Senate has allocated 30 per cent of accruing profit from Nigerian National Petroleum Corporation (NNPC) to the aggressive pursuit of oil exploration in Northern Nigeria in the Petroleum Industry Bill (PIB) passed on Thursday after about two decades of stalling. The 30 per cent funding mechanism approved…
July 2, 2021
Re-emphasizes Need for IOCs to relocate headquarters to Niger Delta Exactly three working days to June end deadline given by the National Assembly to pass the age-long Petroleum Industry Bill, (PIB) to law, the Host Communities of Nigeria, oil and gas, (HOSCON) has reminded the lawmakers on the need to ensure that their demand for…
June 26, 2021
The federal government earned a total sum of $34.22bn (N14 trillion) from the oil and gas sector in 2019, a financial report by the Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed. According to the report, the revenue generated from the oil and gas sector in 2019 accounted for 4.88% increase compared to the $32.63…
June 19, 2021
