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All posts tagged "PIB"

  • PIB: Uncertainties stall Shell’s $30bn investment

    The Country Chair of Shell Companies in Nigeria and Managing Director of the Shell Petroleum Development Company of Nigeria Limited, SPDC, Mr. Mutiu Sunmonu, has said that the non-passage of the Petroleum Industry Bill, PIB, is among...

    • Posted February 21, 2013
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  • Southern senators seek support for PIB

    Senators from the southern part of the country have embarked on a move to save the beleaguered Petroleum Industry Bill (PIB) in the National Assembly. Daily Independent findings revealed that the Senators have decided to engage the...

    • Posted February 15, 2013
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  • PIB Suffers Setback, Rejected By North

    The oil sector is not safe yet, as the only hope forwarded as the saviour expected to clean up the oil sector has suffered immense setback. The Petroleum Industry Bill (PIB) referred to many as the magic...

    • Posted December 19, 2012
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  • PIB ‘Awareness Campaign’ to Guzzle N6.2 billion

    The Federal government has plans on the way to spend N6.201 bn on an awareness campaign for the Petroleum Industry Bill. The campaign, which according to a budget performance breakdown of the Ministry of Petroleum Resources for...

    • Posted November 30, 2012
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  • Oil Majors Grumble as Nigeria Seeks 73% Share of Offshore Oil Profits

    Africa’s top oil producer, Nigeria, will seek a bigger share of profits from oil produced offshore when a new industry bill is passed into law, Petroleum Minister Diezani Alison-Madueke said. The Petroleum Industry Bill, which was sent...

    • Posted September 28, 2012
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  • Draft of the Petroleum Industry Bill (2012)

    The Presidency received the draft version of the latest Petroleum Industry bill (PIB) last weekend. It has forwarded the bill to its Cabinet for consideration before it will transmit it to the House of Assembly. Foreign experts...

    • Posted July 3, 2012
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  • Petroleum Industry Bill awaits Cabinet Approval – President Jonathan

    Nigeria’s Petroleum Industry Bill will be sent to lawmakers after approval by the cabinet, President Goodluck Jonathan’s office said. Jonathan has told relevant government ministries to evaluate the draft, prepared by a technical committee before presentation to the...

    • Posted July 2, 2012
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  • Petroleum Industry Bill grants Oil Minister Increased Powers and Right to Receive “Gifts”

    The Petroleum Industry Bill (PIB) gives the oil minister new supervisory powers over all industry institutions, including a new regulator to police downstream and upstream, raising concerns about checks and balances. Lawmakers had rejected drafts that did...

    • Posted May 30, 2012
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  • Present Version of Petroleum Industry Bill (PIB) will “Upset” Nigerians – Experts

    Analysts that have consulted the Federal Government on the Petroleum Industry Bill (PIB) disclosed that the legislation will favour the oil companies more than it would Nigerians. Pedro van Meurs, an oil and gas consultant who advised...

    • Posted May 30, 2012
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  • Senators Take Ownership of PIB Submission Process

    The upper Chamber of the House of Assembly has taken conclusive steps to present a harmonized version of the Petroleum Industry Bill (PIB), after several delays by the Presidency in presenting its own harmonized version. The Chairman...

    • Posted May 24, 2012
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