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PIB: What you need to know about proposed law to regulate Nigeria's oil industry

8 min read
After a 20-year journey, the Petroleum Industry Bill (PIB) on Thursday crossed a major landmark as the two chambers of the National Assembly considered the reports of their respective committees on the bill.
The beginning of the bill could be traced to the Oil and Gas Reforms Committee (OGRC) constituted by former President Olusegun Obasanjo’s administration. The report of the committee formed parts of the bill which was first introduced to the National Assembly by former President Umar Yar’Adua’s administration in 2008.
Mr Yar’Adua had constituted a committee on the implementation of the OGRC report. A subcommittee chaired by Yinka Omorogbe drafted the bill but that particular bill was marred by controversy. Segun Adeniyi, the spokesperson of the late president, detailed some of the controversies that bedevilled the bill in his book: Power, Politics and Death. ....

Nigeria General , Timipre Sylva , Segun Adeniyi , Kingsley Chima , Umar Yaradua , Muhammadu Buhari , Goodluck Jonathan , Tayo Alasoadura , Ovie Omo Agege , Mike Sangster , Yinka Omorogbe , Olusegun Obasanjo , Lagos Chamber , Petroleum Resources , Oil Producer Traders Section , Pt Mag Campaign , Petroleum Industry Governance Bill , Petroleum Inspectorate , Nigerian Upstream Regulatory Commission , Regulatory Authority , Oil Producers Trade Section , Petroleum Industry Administration , Deputy Senate , Petroleum Industry Bill , Corporate Affairs Commission , Petroleum Products Pricing Regulatory Agency ,

PIB: Light at the End of Tunnel?

Last Thursday, the National Assembly finally passed the much-talked-about Petroleum Industry Bill, after a tortuous two decade-long sojourn. Emmanuel Addeh asks if the bill, now awaiting the assent of President Muhammadu Buhari, after harmonisation by the lawmakers, would see the light of the day
From all indications, it appears that the Petroleum Industry Bill (PIB) may finally see the light of day and eventually serve as the framework for operations in the oil and gas industry, having suffered several setbacks for close to 20 years, from the period the entire process first started.
Although, in the past, there had been several attempts to pass the law, such moves, in the end, have always ended in utter failure. Even in some cases when the national assembly succeeded in passing it, the president wouldn’t give his assent. ....

Sergius Ogun , Timipre Sylva , Mohammed Sabo , Umar Yaradua , Ahmed Lawan , Muhammadu Buhari , Goodluck Jonathan , Rilwanu Lukman , Mike Sanger , Ken Robinson , Ogbonnaya Orji , Umar Musa Yaradua , Bayo Ojulari , Emmanuel Addeh , Petroleum Resources , Petroleum Industry Governance Bill , National Oil , Regulatory Commission , Nigerian National Petroleum Commission , Oil Producers Trade Section , Petroleum Host Community Bill , Petroleum Industry Bill , Gas Sector Reform Implementation Committee , Pan Niger Delta Forum , Financial Derivatives Company Limited , Petroleum Industry Administration Bill ,

EXCLUSIVE: PIB: Reps meet Sylva, Kyari, set to pass bill in July

EXCLUSIVE: PIB: Reps meet Sylva, Kyari, set to pass bill in July
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Ahmad Lawan , Umar Yaradua , Muhammadu Buhari , Goodluck Jonathan , Mike Sangster , Ben Kalu , Timipe Sylva , Mele Kyari , International Oil Companies Iocs , Lagos Chamber , Exxon Mobil , Pt Mag Campaign , National Assembly , Oil Producers Trade Section , Petroleum Industry Bill , Group Managing Director , Chief Whip , Mohammed Monguno , President Muhammadu Buhari , State House , Senate President , International Oil Companies , Chief Executive Officer , Total Nigeria , Joint Venture , Production Sharing Contracts ,

NCDMB, NEXIM sign $30m MoU on sector retrenchments

NCDMB, NEXIM sign $30m MoU on sector retrenchments
punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.

Abuja Federal Capital Territory , Simbi Wabote , Petroleum Technology Association Of Nigeria , Bank On , Oil Producers Trade Section , Petroleum Producers Group , Nigerian Content Development Monitoring Board , Nigerian Export Import Bank , Managing Director , Abba Bello , Independent Petroleum Producers Group , Petroleum Technology Association , கூட்டாட்சியின் மூலதனம் பிரதேசம் , பெட்ரோலியம் தொழில்நுட்பம் சங்கம் ஆஃப் நைஜீரியா , வங்கி ஆன் , எண்ணெய் ப்ரொட்யூஸர்ஸ் வர்த்தகம் பிரிவு , பெட்ரோலியம் ப்ரொட்யூஸர்ஸ் குழு , நைஜீரியன் உள்ளடக்கம் வளர்ச்சி கண்காணிப்பு பலகை , நைஜீரியன் ஏற்றுமதி இறக்குமதி வங்கி , நிர்வகித்தல் இயக்குனர் , தந்தை பெல்லோ , சுயாதீனமான பெட்ரோலியம் ப்ரொட்யூஸர்ஸ் குழு , பெட்ரோலியம் தொழில்நுட்பம் சங்கம் ,

Nigeria's oil reform bill: What's at stake

Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.
Nigeria lures just a tiny fraction of oil and gas investment in Africa, even though it is the continent’s largest crude producer and has significant untapped reserves.
The sector has a reputation for corruption, inefficiency and problems ranging from high production costs to unrest sparked by environmental damage and lack of development for local communities where oil is extracted.
To address these and maximise oil revenues for an OPEC-member country that records among the world’s highest poverty rates, the Nigerian government has been working for 15 years on new regulations. ....

Bayelsa State , Preye Oseke , Mike Sangster , Wood Mackenzie , Gail Anderson , National Assembly , National Assembly Adhoc Committee , Nigeria National Petroleum Commission , Oil Producers Trade Section , Petroleum Industry Bill , Joint National Assembly Adhoc Committee , Southern Ijaw , மைக் ஸ்யாஂக்ஸ்டர் , மரம் மெக்கன்சி , கெயில் ஆண்டர்சன் , தேசிய சட்டசபை , நைஜீரியா தேசிய பெட்ரோலியம் தரகு , எண்ணெய் ப்ரொட்யூஸர்ஸ் வர்த்தகம் பிரிவு , பெட்ரோலியம் தொழில் ர சி து ,