Over $30bn Oil Sector Projects Still Awaiting Final Investment Decisions         Nigeria’s oil and gas industry has continued to record heavy drop in investments for many years and in the last five years the sector has suffered more inactivity as over $30 billion projects are still...

Reps Demand Details Of NNPC Expenditure, JV Cash Calls, Others         The House of Representatives’ Committees on Petroleum Upstream, Downstream and Gas Resources, yesterday asked the Nigerian National Petroleum Corporation (NNPC) to open up its books on various expenditures incurred on Joint Venture operation (JVC), pipeline...

Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects         With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired by uncertainty, the African Energy Chamber (AEC), has said Nigeria and other African countries should...

PIB: FG Plans Single Regulator For Midstream, Downstream Sectors       The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB). The new PIB is currently before...

Oil Marketers Concerned About Possible Unrest When Prices Rebound         Petroleum marketers have urged the Federal Government to take decisive steps in addressing deregulation concerns in the downstream sector to avoid a civil unrest that may arise when oil prices rebound. According to the Major Oil Marketers...

Lawmakers To Consider PIB Next Tuesday — Gbajabiamila         The House of Representatives has slated the Petroleum Industry Bill, 2020 for a second reading on Tuesday next week, Speaker Femi Gbajabiamila has disclosed. The Speaker made the disclosure on Wednesday in plenary, while calling for all motions...