Industry

Nigeria’s parliament on July 1, 2021 voted to approve a long-delayed oil and gas law that aims to attract new foreign investment to the OPEC country’s petroleum industry. The Petroleum Industry Bill or PIB had been under review in the…
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…received N424bn 13% derivation in 2020 Akwa Ibom, others top debtors’ list Despite receiving huge allocation in the sum of N424 billion in 2020 and much more in previous years as their share of 13 per cent derivation principle, eight…
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·       Senate approves 3% for host community ·       Meets Sylva, Kyari behind closed doors ·       Chambers adjourn till July 6 By Teddy Nwanunobi The duo of the Senate and House or Representatives, on Thursday, passed the…
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Crude oil production in Nigeria fell by 6.32 percent to 1.344 million barrels per day in May, 2021 compared to 1.429 million barrels per day recorded in April 2021, latest data from the Organization of Petroleum Exporting Countries, OPEC,…
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...The Senate has passed the Petroleum Industry Bill known as PIB The bill was passed during the plenary on Thursday after careful consideration of each of the clauses. The Senate before passing the bill met behind closed doors with…
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...The House of Representatives on Thursday passed the long awaited Petroleum Industry Bill after considering and adopting the bill’s 318 clauses Speaker of the House of Representatives, Femi Gbajabiamila said the electoral act…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has vowed to intensify efforts in the fight against oil theft and blocking of roads with petroleum tankers in the South-South and South-East regions. Elder Chinedu…
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Some ualified women entrepreneurs in the Nigerian Oil and Gas industry can now benefit from the US$40m Women in Oil and Gas Intervention Fund deployed by the Nigerian Content Development and Monitoring Board (NCDMB) and Nexim Nigerian…
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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has lauded Pacegate Energy and Resources Limited (PEARL) for massive investment in the nation’s oil and gas industry and pledged…
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The Senate announced on Tuesday that it would consider the report on the Petroleum Industry Bill (PIB) for passage on Thursday. . The announcement, made by Senate President Ahmad Lawan, was sequel to the submission of a report by the…
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