Distance variations in pump price underway if latest version of PIGB becomes law
Unless President Muhammadu Buhari repeats turning down which he did to the previous version of the Petroleum Industry Governance Bill (PIGB) transmitted to him after its passage by the National Assembly, Nigerians residing or doing their businesses at distant towns…
Expert links delay in reviewing PSCs to unassented PIGB, others
Leading energy consultant and managing partner, J.O Adidi and Co., John Adidi, has linked the observed delays in the necessary review of Production Sharing Contracts (PSCs) with International Oil Companies (IOCs) to the non-passage of the Petroleum Industry Governance Bill…
(Special Report) BPE opens eyes of Nigerians on why PIB may not fly under Buhari
Nigerians who are hoping to see the nation’s oil and gas industry truly librelised and the Nigerian National Petroleum Corporation (NNPC) privatized to deepen private investments may need to wait till after the end of the current administration in power….
(Special Report) Costing delays in FG’s approvals for investments in oil, gas sector
Though it may sound somehow, but the fact remains that the current administration knowing full well that its survival is largely dependent on oil and gas earnings, has not really done the needful in encouraging investments in the industry in…
‘Dearth of requisite regulatory framework frustrated Nigeria-British gas to power deal’
More disturbing details have emerged on why the contractual agreement between the Nigerian Petroleum Ministry and British firm, Process & Industrial Development Limited (P&ID) on the construction of accelerated gas development project planned for Cross Rivers State failed. Already, a…
(Special Report) PIGB, complex bid round and real-time enveloped bid strategy
Before now and mainly prior to the tortuous journey to the passage of the Petroleum Industry Governance Bill (PIGB) which the presidency has given clumsy or flimsy reasons for not assenting to, the process of conducting bid rounds for the…
PIGB: 10% proposed for Petroleum Regulatory Commission too high—Presidency
More facts emerged Thursday on why President Muhammadu Buhari withheld his assent to the Petroleum Industry Governance Bill (PIGB). According to the Senior Special Assistant to the President on National Assembly matters, Senator Ita Enang, “One of the issues was…
Stakeholders suspect presidency on delays in assenting PIGB, seek execution timeline
Leading stakeholders in the nation’s oil and gas industry have started nursing mixed feelings on why the President, Muhammadu Buhari who doubles as the substantive minister of Petroleum cannot find it worthy to sign the Petroleum Industry Governance Bill (PIGB)…
NNPC lists 4 key issues slowing investments in oil and gas sector at NOG 2018
…As conference ends today in Abuja The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has made public, current major challenges frustrating inflow of the much needed investments in the industry. Baru, who spoke at…
How FG failed in its promise to unbundle NNPC, institute periodic balance sheet display
The sustained deficit financial results so far recorded by the Nigerian National Petroleum Corporation (NNPC) in the last three year may continue unabated if strategic reforms or signing into law the recently passed Petroleum Industry Governance Bill (PIGB) in law….
