The Petroleum Industry Bill 2020 (PIB or the Bill) is an omnibus Bill, which seeks to “provide legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities and for related matters.” However, there are a number of issues that need to be addressed. 1) Attraction of investment into the […] Read Full Story
The House of Representatives, says it will pass the Petroleum Industry Bill (PIB) before the end of 2021. Rep. Benjamin Kalu, the spokesperson for the House, said this when he spoke with the News Agency of Nigeria (NAN) on Thursday in Abuja. He said that the host communities remained an integral part of the bill, adding that
Mots: Ladi Eguche et Fraser Mitchell. Graphisme: Daniela Godard. Télécharger le document 1 – https://bit.ly/2OdOMLl Télécharger le document 2 – https://bit.ly/3v7NMcg Télécharger le document 3 – https://bit.ly/3ekxebi Les Nations Unies (https://bit.ly/3sZ0Mz5) préviennent que le monde pourrait faire face à un déficit d’approvisionnement en eau de 40% d’ici 2030, l’Afrique – qui souffre déjà de niveaux de stress hydrique plus importants que d’autres régions – susceptible de supporter le plus gros. L’impact économique de l’insuffisance des infrastructures et de l’approvisionnement en eau est déjà sévère. L’Afrique subsaharienne perd actuellement environ (https://bit.ly/30kvxlS) 5% de son produit intérieur brut (PIB) annuel en raison d’un accès limité à l’eau potable et à l’assainissement, 5 à 25% de son PIB aux sécheresses et aux inondations dans les pays touchés, et 40 milliards d’heures de temps autrement productif par an, collectant de l’eau. Après avoir réalisé des projets d’approvisionnement en eau durable dans la région de […]
35 milliards USD par an sont nécessaires pour lutter contre la crise de l’eau en Afrique; La société sud-africaine Khato Civils annonce l’expansion de l’Afrique et demande que la ZLECAf soit le catalyseur de la construction des infrastructures hydrauliques en Afrique - NNN.
Dennis Naku, Port Harcourt GOVERNORS of the South-South states have demanded an upward review of the provision of 2.5 per cent as host community trust fund in the Petroleum Industry Bill to 10 per cent in the best interest of oil communities and the nation. This was as the governors advised the President, Major General […] Read Full Story
Osinbajo to declare conference open virtually By Chris Ochayi & Fortune Eromosele ABUJA: A head of the next month passage of the Petroleum Industry Bill, PIB, by the National Assembly, NASS, the Federal Government yesterday, declare its intention to host a national summit on the integration of artisanal, modular refineries in the
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Dennis Naku, Port Harcourt Governors of the South-South States have demanded an upward review of the provision of 2.5 percent as host community trust fund in the Petroleum Industry Bill to 10 per cent in the best interest of oil communities and the nation. This is as the governors advise the President, Major General Mohammadu […] Read Full Story
South-South Governors, on Tuesday, demanded the upward review from 2.5 per cent to 10 per cent, appropriated to the Trust Fund for host oil Communities in the Petroleum Industry Bill (PIB). Chairman of the South-South Forum and Governor of Delta, Dr Ifeanyi Okowa, stated this at the end of the South-South Governors’ meeting in Port
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Governors of the South-South States demanded an upward review of the provision of 2.5 percent as Host Community Trust Fund Read More
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The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and
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By Ugochukwu Alaribe Governor Okezie Ikpeazu of Abia State, has expressed concern that despite the long years of oil exploration in the state, there was nothing tangible people of oil-producing communities in the state have to show for it. Ikpeazu, while receiving the Senate and House of Representatives Joint Committee on Petroleum Industry Bill led
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Cross River State governor, Prof Ben Ayade has tasked National Assembly to handle related Petroleum Industry Bill, PIB, and other issues related to the bill with circumspection to avoid contentions that are likely to trail its ultimate passage into law.
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By Egufe Yafugborhi – Port Harcourt Governor Nyesom Wike on Thursday told the National Assembly (NASS) that any concession less than 10% stakes to host communities in the Petroleum Industry Bill (PIB) would no be acceptable. Wike, addressing visiting members of the NASS Committee on PIB at Government House, Port Harcourt, also underscored the necessity
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By Emma Amaize, Regional Editor, South-South Governor Ifeanyi Okowa of Delta State, has called on the National Assembly Joint Committee on Petroleum Industry Bill, PIB, to put in place a legislation that would guarantee peace, fairness, equity and justice for host communities in the oil industry. Okowa represented by his deputy, Kingsley Otuaro, made the
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Daniels Igoni, Yenagoa The Governor of Bayelsa State, Mr Douye Diri, has rejected the 2.5 per cent revenue proposed for host communities in the Petroleum Industry Bill and demanded 10 per cent to assuage the people for bearing the harsh impacts of oil exploration and exploitation in the Niger Delta. Diri, who spoke during a […] Read Full Story
Delta Governor, Senator (Dr) Ifeanyi Okowa, on Monday said Nigeria’s oil industry had lost substantial investments due to delay in the passage of Petroleum Industry Bill (PIB). Okowa stated this when he received on courtesy visit, the Co-Chairman, National Assembly Joint Committee on Petroleum Industry Bill, Rt. Hon. Mohammed Monguno and members of
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Stakeholders in the oil and gas industry, Thursday demanded a raise of the oil operating expenditure from 2.5 per cent to 10 per cent for host communities in the new petroleum industry bill (PIB).
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MINISTER of State for Petroleum Resources, Mr. Timipre Sylva, said, yesterday, that the passage of the Petroleum Industry Bill, PIB, would unlock several midstream gas opportunities and enhance domestic gas utilisation. Sylva spoke at the ongoing 12th Nigerian Gas Association, NGA, International Conference 2021, in Lagos. He said the Federal Government was ready to collaborate
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Mr Joe Nwakwue, an expert in the petroleum sector has recommended the priviatiosation of Nigerian National Petroleum Corporation (NNPC) to ensure efficiency and attain maximum profit of the oil sector. Nwakwue, former Chairman, Society of Petroleum Engineers (SPE) made the recommendation while addressing National Assembly reporters at a workshop on Petroleum Industry Bill (PIB) in
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…Describes penalty sharing for gas flaring as absurd By Chioma Onuegbu FORMER Minister of Lands, Housing and Urban Development, Chief Nduese Essien has demanded that the Petroleum Industry Bill, PIB, should review the allocation of oil blocks in the country to also accommodate people from the oil-producing areas. Essien during an interaction with newsmen yesterday
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In continuation of the story of the rivalry between two Niger Delta leaders, National Chairman, Host Communities of Nigeria (Producing Oil and Gas), HOSCON, Bishop Mike Emuh, and his Host Communities of Nigeria (Producing Oil and Gas), HOSTCOM, counterpart, Chief Benjamin Style Tamaranebi, which led to the exchange blows at the hallowed chamber of the
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The President of the Senate, Ahmad Lawan, and the Speaker of the House of Representatives, Femi Gbajabiamila, have assured Nigerians that the 9th National Assembly will pass the Petroleum Industry Bill in the second quarter of this year but the reality on the ground indicates that it may not be as easy as they think, […] Read Full Story
As a move to achieve $10 per barrel crude oil production cost, the Nigerian National Petroleum Corporation, NNPC, has insisted on stakeholders' collaboration in the oil and gas industry.
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The Chairman Senate Committee on Upstream, Senator Bassey Akpa has reiterated that the ninth Assembly will pass the Petroleum Industry Bill (PIB) before the end of April 2021. Akpa gave the assurance at the inauguration of the Nigerian Upstream Cost Optimisation Programme (NUCOP), in Abuja on Tuesday. READ ALSOMembership revalidation: APC lauds members, stakeholders in
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The Chairman, Senate Committee on Oil and Gas (Upstream), Senator Bassey Akpan, has said the National Assembly will work closely with the Executive to improve Nigeria’s Oil and Gas industry. He disclosed this on Tuesday during the launch of the NNPC Upstream Cost Optimisation programme in Abuja, the nation’s capital. “I want to assure … Continue reading Senate To Partner Executive In Improving Nigeria’s Oil And Gas, Says Lawmaker Read Full Story