Tags Petroleum Industry Bill (PIB)

Tag: Petroleum Industry Bill (PIB)

Reps to pass PIB 2021

The House of Representatives said it will pass the Petroleum Industry Bill (PIB) before the end of 2021.

Petroleum Industry Bill will solve production sharing contracts – Sylva

Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas.

LCCI calls for passage of Petroleum Industry Bill (PIB)

The Lagos Chamber of Commerce and Industry (LCCI) has urged the National Assembly to ensure the passage of a competitive Petroleum Industry Bill (PIB) that would make Nigeria an investment destination of choice.

Senate receives Petroleum Industry Bill

The Senate on Tuesday said it has received the Petroleum Industry Bill from the Federal Government.

Lawan, Gbajabiamila vow to break PIB jinx

Senate President Ahmad Lawan and the Speaker, House of Representatives, Femi Gbajabiamila have promised to break the jinx of not being able to pass the Petroleum Industry Bill (PIB) after several attempt

NNPC will be commercialised not scrapped: Sylva speaks on PIB

Minister of State for Petroleum, Timipre Sylva said the new draft Petroleum Industry Bill (PIB) sent to National Assembly has not recommended scrapping of the state oil corporation, NNPC.

Buhari set to overhaul oil sector in new bill, NNPC, PPPRA, PEF to go

President Muhammadu Buhari's administration is set to overhaul Nigeria's oil sector, according to a bill sent to the National Assembly.

Senate to revisit Petroleum Industry Bill

The Senator representing Ogun Central Senatorial District and Chairman of the Senate Committee on Capital Market

Senate begins consultation with Executive over PIB

President of the Senate, Ahmed Ibrahim Lawan, on Wednesday, disclosed that the National Assembly has started consultation with the Executive arm of government on a new version of the Petroleum Industry Bill to be introduced in the ninth National Assembly.

Final passage of PIB expected by mid 2020 – Minister

Chief Timipre Sylva, Minister of State for Petroleum Resources, says the review of the Petroleum Industry Bill (PIB) is at an advanced stage and full passage of the bill is expected mid-2020.

PIB, the most politicised bill in National Assembly – Rep. Akpatason

Rep. Peter Akpatason, Deputy Leader of the House of Representatives has said that the Executive and Legislative arms of government must sit with experts in the oil sector

9th Assembly will end jinx of PIB passage — Lawan

The President of the Senate, Dr. Ahmad Lawan on Thursday assured Nigerians of a conclusive reform in the Nigerian oil and gas industry, saying the ninth National Assembly will quicken the passage of Petroleum Industry Bill (PIB).

New PIB will accord efficiency in oil sector – Dogara

The House of Representatives says new Petroleum Industry Bill (PIB) being processed by the National Assembly will enable Nigeria operate at efficiency standards expected of 21st-century oil and gas industry.

PIB lacks value generation – PTDF

Executive Secretary, Petroleum Technology Development Fund (PTDF), Dr Aliyu Gusau says the Petroleum Industry Bill (PIB) awaiting presidential assent has no clause for value generation which is critically needed in the sector.

NASS tasked on speedy passage of all PIB components

An advocacy group, Civil Society Legislative Advocacy Centre (CISLAC), has urged the National Assembly to urgently pass all components of the Petroleum Industry Bill (PIB) to transform the petroleum sector.

Lawmaker says PIB will address fuel crises in Nigeria

Rep. Joseph Akinlaja, the Chairman, House of Representatives Committee on Petroleum Resources (Downstream), said on Tuesday the passage of the Petroleum Industry Bill (PIB) would solve the current fuel crises in the country.

Senate to prioritize PIB, Social Justice Bill, others

The Senate has said that it would prioritise the passage of the Petroleum Industry Bill (PIB) upon resumption from its recess on Tuesday.The Chairman...

PIB passage will reform oil sector – Rep

A member of House of Representatives, Rep. Sergius Ogun, says passage of the Petroleum Industry Bill (PIB) will be the greatest thing to happen to Nigeria’s oil industry.

National Assembly told to review PIB

Some experts in the Nigerian oil and gas industry on Monday called on the leadership of the new National Assembly to review the Petroleum...

NUPENG suspends nationwide strike

The National Union of Petroleum and Natural Gas (NUPENG) said on Tuesday that had suspended its planned nationwide strike.NUPENG’s President, Igwe Achese, who announced...

Nigerian Senate to resume public hearing on PIB

The Nigerian Senate says it will resume another round of public hearing on the Petroleum Industry Bill (PIB) on 9 October following allegations of...

Enterpreneur Calls For Quick Passage Of PIB

An oil and gas entrepreneur, Mr Wilson Opuwei, has called for the quick passage of the Petroleum Industry Bill (PIB) in order to attract...

Oil Theft: No To Death Penalty

Recently, the President of the Senate, David Mark, while inaugurating the Senate Joint Committee on the Petroleum Industry Bill (PIB) called for a death...

Oil Theft: Lawyers Disagree With David Mark On Death Penalty

Some lawyers in Lagos on Wednesday described the suggestion of death penalty for illegal oil bunkering as unrealistic, in view of global changes.Reacting to...

Re: 83% Blocks For Northerners: A Monumental Scandal

By Ben NanaghanOn March 6, 2013, the Nigeria Senate in a closed door session debated the salient aspects of the Petroleum Industry Bill (PIB)....

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