Tag: Petroleum Industry Bill

The Senate has passed the Petroleum Industry Bill

The Senate has passed the Petroleum Industry Bill known as PIB. The bill was passed during the plenary on Thursday after careful consideration of each of the clauses. The Senate before passing the bill met behind closed doors with the Minister of State for Petroleum, Timipre Sylva, and the Group[Read More…]

Members of host communities broke into a fight at PIB public hearing

There was confusion on Thursday after members of host communities broke into a fight at the venue of the public hearing on the Petroleum Industry Bill (PIB). The fight broke out when the host communities of Nigeria Producing Oil and Gas was called to the podium to make a presentation[Read More…]

Nigeria’s Petroleum Industry Bill passes first reading

Nigeria’s Petroleum Industry Bill (PIB) 2020 on Wednesday passed the first reading at the Senate. The Senate President, Ahmed Lawan, directed that copies be made available to all senators by Thursday morning. The legislation has been in the works for the past 20 years, and the main laws governing Nigeria’s[Read More…]

PIB Finally Passes Second Reading At Nigerian Senate

The petroleum industry bill (PIB), which seeks to split the Nigeria National Petroleum Corporation (NNPC) into two independent entities, has passed second reading at the senate. The bill passed the stage, and was referred to the committee on petroleum (upstream and downstream) for more legislative work after a brief debate[Read More…]

“People of The Niger Delta Should Possess 65% of The Oil Wells” – Lawmakers Want Review of Wells Ownership

To facilitate development in the Niger Delta region, South-East and South South lawmakers have called on the Federal Government to review the ownership structure of oil wells in the country to allow for 65 per cent ownership by the people of the region. The lawmakers also condemned the criminal and[Read More…]

National Assembly Set To Commence Work On The Petroleum Industry Bill

The National Assembly appears set to finally commence work on the Petroleum Industry Bill (PIB). The President of the Senate, Dr. Bukola Saraki, gave the indication on Monday during the opening session of the National Assembly Business Environment Roundtable in Abuja, Nigeria’s capital. Senator Saraki said that the National Assembly[Read More…]

‘New PIB’ Reportedly Strips President Of Discretionary Power To Allocate Oil Blocks

The new draft of the controversial petroleum industry bill (PIB) strips the president of the discretionary powers to allocate oil blocks, TheCable Exclusively gathered. The bill now confers the power to allocate petroleum exploration and production leases and licences to the Nigeria Petroleum Regulatory Commission (NPRC) which shall be established[Read More…]

House Of Representatives Passes Controversial Petroleum Industry Bill (PIB)

The federal house of representatives on Thursday passed the contentious Petroleum Industry Bill (PIB) into law. However, the 7th senate did not concur with the passage, as it ended on Thursday. In his valedictory speech, Senate President David Mark had cited the failure to pass the bill as one of[Read More…]

According To Tambuwal, Jonathan Distracted The National Assembly, Embarrassed Nigeria

As the out-going Speaker of the House of Representatives, Aminu Waziri Tambuwal, took his leave from the Green Chamber on Wednesday, he observed that the frosty relationship between the executive arm and the legislature diverted the House’s attention and severally caused the nation to cringe in shame. Tambuwal made the[Read More…]

Mark Amaza: Nigeria And The Petroleum Hosting Community [@amasonic]

There has hardly been a piece of proposed legislation that has been as debated and has raised as much controversy since the start of the Fourth Republic as the Petroleum Industry Bill (PIB) which was introduced to the National Assembly in 2008. This is hardly surprising as the bill concerns[Read More…]