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All posts tagged "Petroleum Industry"

  • NNPC calls for speedy passage of PIB

    Nigeria National Petroleum Corporation (NNPC) on Tuesday urged the National Assembly to ensure speedy passage of the Petroleum Industry Bill (PIB) to transform the nation’s oil and gas sector. The Group Managing Director of the Corporation, Mr...

    • Posted September 25, 2013
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  • Chevron, Shell pull out of Olokola LNG project

    Four years after BG Group divested from Olokola LNG project, two other International Oil Companies, IOC, Chevron and Shell, have pulled out, a source has said. Both companies have a combined shareholding of 39 per cent in...

    • Posted August 24, 2013
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  • Alison-Madueke defends powers conferred on oil minister in PIB

    Minister of Petroleum resources, Diezani Alison-Madueke at the weekend charged members of the National Assembly to pass the Petroleum Industry Bill (PIB) without removing the controversial clause. Stakeholders, including the lawmakers have argued that the enormous powers...

    • Posted August 6, 2013
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  • PIB: Fix refineries, downstream regulations, IPMAN urges FG

    As the public hearing on the new Petroleum Industry Bill (PIB) enters its second week today at the National Assembly, the Independent Petroleum Marketers Association of Nigeria (IPMAN), at the weekend lamented the parlous state the nation’s...

    • Posted July 23, 2013
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  • Nigeria risks losing Africa’s biggest oil producer status

    Nigeria is on the verge of losing its prestigious ‘Africa’s biggest oil producer’ as Angola drew level with it in May, with daily oil production at 1.97 million barrels per day. Angola also sold its first gas...

    • Posted July 10, 2013
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  • IMF okays PIB; calls for early passage

    Global financial watchdog, the International Monetary Fund, IMF, has commended Nigeria’s Petroleum Industry Bill, PIB, saying, it “would boost investment, government revenue, and fiscal transparency.” The commendation was given in spite of varied criticisms by oil majors...

    • Posted May 21, 2013
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  • Senate to review Nigerian gas master plan

    The Senate has said it will carry out a comprehensive review of the country’s gas master plan because it was not carried along in the drafting of the policy document. The Chairman, Senate Committee on Gas Resources,...

    • Posted May 8, 2013
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  • PIB: Experts call for upward review of host communities’ fund

    SENATORS were,yesterday, told that passage of the Petroleum Industry Bill, PIB, into law might lead to repeal of laws that established 10 agencies, including Nigerian National Petroleum Corporation, NNPC, and preservation of five others. Senators were also...

    • Posted April 30, 2013
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  • DPR to recover undeveloped oil marginal fields

    Department of Petroleum Resources (DPR) has directed all owners of under-developed marginal fields the next one-year to put the fields into production or lose their operating licences granted by the agency. Director of DPR, Osten Olorunsola, who...

    • Posted March 18, 2013
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  • White paper on Ribadu report about Petroleum Industry out soon

    President Goodluck Jonathan on Tuesday in Abuja held a tele-conference via skype with the Super Eagles and encouraged them to win Wednesday’s AFCON 2013 semi-final match against Mali. He also encouraged them to win the tournament and...

    • Posted February 6, 2013
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