The Foundation for Human Rights and Anti-Corruption Crusade has said the new the Petroleum Industry Governance Bill (PIGB) passed into law by the Senate is not different from existing obnoxious, draconian and inimical laws that governed the petroleum industry. This is contained in a release signed by Alaowei E. Cleric, the group’s National President. Below […]
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The Nigerian Senate has passed the Petroleum Industry Governance Bill(PIB), the long-awaited legislation that promises broad reforms to the nation’s oil and gas industry. The report on the bill, produced by the Senate joint committee on gas, petroleum (downstream) and petroleum (upstream), was presented on Thursday by Donald Alasoadura, APC-Ondo. After a clause-by-clause consideration, with […]
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The Federal Government plans to award to indigenes of the region marginal fields’ oil blocks abandoned by the oil majors as being not commercially viable. The plan is in line with the government’s larger objective of reducing major incidents of restiveness to about 90 per cent by next year. Over the years, there have been […]
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The long awaited Petroleum Industry Bill(PIB), seeking unbundling of the Nigerian National Petroleum Corporation into two entities, made progress at the Senate after it scaled second reading. The bill sponsored by Tayo Alasoadura (APC-Ondo) seeks splitting of the NNPC into Nigerian Petroleum Assets Management and the National Oil Company. The PIB was first introduced in […]
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Nigeria has filed a law suit against Eni, Chevron, Shell, Total and Petrobras accusing the oil majors of $12.7 billion in illegal oil exports. Per the Associated Press, these companies failed to declare at least 57 million barrels of crude shipments to the United States between 2011 and 2014. Nigeria’s Lower House of Representatives claims […]
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The National Assembly and the Ministry of Petroleum Resources occupy key vantage points to leverage calm in the oil fields of the Niger Delta. They can make this happen by having communities take their place as true stakeholders in the management of oil revenues. This point cannot be overemphasized. It cannot wait until PIB IV […]
Continue ReadingA report by the All Progressives Congress (APC) asking the Muhammadu Buhari administration to discard the Petroleum Industry Bill (PIB) is not only unfortunate but is one that will also embolden oil multinationals to continue their impunity which has polluted the Niger Delta and eroded Nigeria’s revenues, the Environmental Rights Action/ Friends of the Earth […]
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