Tag: Pia
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NUPRC denies violating oil licencing guidelines
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said that no oil licensing guidelines violations occurred during the 2024 oil block licensing round.
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25 firms win FG oil licences – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 25 oil bidders emerged at the 2024 oil licensing bid round.
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NUPRC set for 2025 oil licensing bid round – CEO
Mr Gbenga Komolafe, Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says a new round of oil licensing bid will take place in 2025.
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Dangote’s application spells doom for Nigeria if granted – Oil marketers tell court
Three oil marketers have prayed a Federal High Court in Abuja to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals.
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NNPC, Chevron conclude conversion of assets into PIA terms
In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd. and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its JV assets into the PIA terms.
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PIA: Host communities make fresh demands from oil companies
Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) have called for an upward review of the three per cent statutory fee accruing to host communities from oil companies. According to HOSTCOM, the review becomes necessary in view of present economic realities.
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Bayelsa Oil Communities lament bottlenecks in PIA implementation
Oil bearing communities in Bayelsa have bemoaned prolonged delays in the implementation of the host community fund component of the Petroleum Industry Act (PIA).
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NASS, AGF dragged to court over Section 257 of PIA
Some natives of oil-bearing communities in Niger Delta and Civil Society Organisations (CSOs) have dragged the National Assembly to Court over Section 257 of the Petroleum Industry Act (PIA).
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PIA: NUPRC assures of domestic crude oil supply
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the commission is committed to effective implementation of the Petroleum Industry Act (PIA 2021) for the sector to contribute more to national economy.
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Senate to conduct holistic investigation on PIA
Senate at plenary on Thursday urged its Committees on Petroleum Downstream and Gas to conduct a holistic investigation on the implementation of the Petroleum Industry Act (PIA).