The Minister of Petroleum Resources, Deziani Alison-Madueke has disputed the position being put forward by some lawmakers that the proposed Petroleum Industry Bill (PIB) gives too much power to her office. The minister stated her position while speaking with journalists after a meeting with senate members which was said to be a technical briefing on the Petroleum Industry Bill to clear areas of doubt. The p ...

Northern Lawmakers in the National Assembly have voiced their objections against some provisions of the the proposed Petroleum Industry Bill (PIB) which seeks more money for the oil producing areas. The Petroluem Industry Bill is a proposed law Nigerians are very passionate about. The proposed bill is primarily aimed at addressing the legislative lapses in the oil and gas industry. It is also expected to el ...

Chief Justice of the Federation, Mariam Aloma Muktar today advocated for the quick passage of the Petroleum Industry Bill. Justice Muktar who made the appeal at a gathering to forge a relationship between the Nigerian judiciary and the oil and gas industry, said “the passage of the bill  will eliminate various legislative hiccups and open new frontiers for a more robust oil and gas sector  that will be both ...

A bill which seeks to decentralize kerosine distribution has suffered setback in the Senate. The bill seeks for direct allocation of kerosine from the Petroleum Pipeline Marketing Company (PPMC) to peddlers. The sponsor of the bill, Senator Nkechi Nwaogu (PDP Abia) stressed that if passed into law, the bill would help stabilize the price of kerosine as well as ameliorate difficulties associated with kerosin ...

The House of Representatives on Thursday objected to the late presentation of the Petroleum Industry Bill (PIB) sent to the House by President Goodluck Jonathan. The Minister of Petroleum, Diezani Alison-Madueke on Wednesday said that President Goodluck Jonathan has sent the latest draft of the Petroleum Industry Bill (PIB) to the National Assembly for debate. In his letter to the House on the matter, the p ...

The Federal Executive Council (FEC) has approved the Petroleum Industry Bill (PIB) for onward transmission to the National Assembly. Briefing State House correspondents at the end of its weekly council meeting, the minister of petroleum resources, Mrs. Deziani Allison-Madueke said the new PIB which will ensure the independence of the regulators in the oil and gas sector as well as unbundle the NNPC, will yi ...

President Goodluck Jonathan on has received the long awaited draft of the Petroleum Industry Bill (PIB). The Minister of Petroleum Resources, Diezani Alison-Madueke presented the draft to the president before a number of senior government officials at the State House on Friday. The new draft of the PIB is the end product of work done by several committees and task forces set up by Mrs Alison-Madueke. Speaki ...

A new draft of long delayed Petroleum Industry Bill (PIB), whose passage is needed to unblock billions of dollars of stalled investment into exploration and production, will be finalised this week, The Chairman Senate Committee on Downstream, Senator Magnus Abe said on Thursday. Mr Abe  said there is a group of Senators  working round the clock to finalize work on the bill and present it as a private Bill t ...

The federal government has announced that it expects two of the biggest oil companies in the country, US oil giant, Chevron and Royal Dutch Shell, to renew their onshore oil licenses by June. This was made known by the Minister for Petroleum resources, Mrs Diezani Alison-Madueke on Tuesday in Abuja, following Exxon Mobil's renewal in February, which is worth trillions of dollars. "In order to show our commi ...

The National Economic Council (NEC) has resolved to work towards the early passage of the Petroleum Industry Bill (PIB). The council at the end of its monthly meeting in Abuja on Thursday directed the Minister of Petroleum resources, Diezani Alison-Madueke, to present a roadmap on the conclusion and finalisation of the bill to enable the president present it as a matter of urgency to the national assembly. ...