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By Musa Adamu
President of the Senate, Ahmad Lawan, has said that there are forces within and outside the country working desperately to frustrate the consideration and passage of the Petroleum Industry Bill presently before the National Assembly. Lawan made this known in a speech delivered when members of the Senate Press Corps paid him a visit to mark the occasion of his 62nd birthday celebration in Abuja. “The PIB is like a demon. That PIB thing, there are people both inside and outside the country, who would work against it, but it is going to take the strength of our patriotism to pass it,” he said.
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Sunday Aborisade, Abuja
President of the Senate, Ahmad Lawan, on Tuesday alleged that there were forces within and outside the country working to frustrate the consideration and passage of the Petroleum Industry Bill.
Lawan spoke to journalists in Abuja.
He said, “The PIB is like a demon. That PIB thing, there are people both inside and outside the country, who would work against it, but it is going to take the strength of our patriotism to pass it,” he said.
According to the Senate President, it took the firm resolve of the National Assembly to pass the Deep Offshore and Inland Basin Production Sharing Contract Bill in 2019.
Petronas Carigali takes over operatorship of E11 gas hub, offshore Sarawak 07 Jan 2021 / 16:08 H.
KUALA LUMPUR: Petronas’ subsidiary, Petronas Carigali Sdn Bhd (PCSB), has taken over the operatorship of the E11 gas hub, located 130km offshore Bintulu, Sarawak, effective Jan 1, 2021.
The E11 hub, which has been producing since 1982 under the Malaysia Liquefied Natural Gas (MLNG) Production Sharing Contract, had been operated by Sarawak Shell Bhd (SSB) for the past 38 years.
Petronas’ vice-president of Malaysia Assets Bacho Pilong said this marked a significant milestone for PCSB as the operator of the E11 hub, which is pivotal in ensuring reliable, stable and cleaner energy supply to the market while continuing to develop Sarawak as a regional gas hub.
Govt of India v. Vedanta Ltd & Ors
Civil Appeal No. 3185 OF 2020 (Arising out of SLP (Civil)
No.7172 of 2020
Background facts
On October 28, 1994, a Production Sharing Contract (PSC) was
executed between the parties and Oil and Natural Gas Corp Ltd
(ONGC) for development of Ravva Oil and Gas Field (Ravva Field).
Subsequently, disputes arose between parties with respect to
recovery of development costs, which were referred to arbitration
seated in Malaysia. On January 18, 2011, Arbitral Tribunal in
Malaysia passed an Award (Award) whereby the Govt of India (GoI)
was directed to pay an amount of USD 278.87 million to Vedanta.
Pursuant to the same, in April 2011, Vedanta made certain