Tag: Pia
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FG grants first exploration licence under PIA
The Nigerian government has awarded a Petroleum Exploration Licence to TGS-PetroData Offshore Services Limited, marking the first license of its kind issued under the Petroleum Industry Act (PIA) of 2021. This license, granted by the Nigerian Upstream Petroleum Commission (NUPRC), aligns with the provisions of Section 71 (1) – (10) of the PIA and is…
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Delta Govt to take PIA implementation to next level
Governor Sheriff Oborevwori of Delta State has said his administration would partner oil companies in the implementation of the Petroleum Industry Act (PIA) for the sustainable development of host communities.
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Oil-producing communities set to enjoy all-round development
The Federal Government has given an assurance of its readiness to ensure all-round development of oil-producing communities as enshrined in the Petroleum Industry Act (PIA).
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NUPRC unveils digital platform for host community development
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled an Industry Digital Automated Portal (IDAP) for monitoring and reporting of the Host Community Development Trust (HCDT).
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PIA, regulation and return of investment in oil and gas – By Akpandem James
There is absolutely no doubt that Africa is a very rich continent, both in terms of human and natural resources. It is this massive wealth, particularly of natural resources, that has continued to attract both the developed and developing world to its embrace. The developed countries often come with rapist tendencies, but pose as developers…
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2023: Atiku will ensure PIA host community fund provision – Okowa
Gov. Ifeanyi Okowa of Delta, says former Vice-President Atiku Abubakar and Presidential Candidate of the Peoples Democratic Party (PDP), will enforce the Petroleum Industry Act (PIA) including the provision on host communities’ fund, if elected.
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NUPRC announces Nigeria Mini Bid Round 2022
The Nigeria, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the Mini Bid Round 2022. TheNewsGuru.com, (TNG) reports this was contained in a statement issued and signed by the commission’s Chief Executive Officer, CEO Engr. Gbenga Komolafe, stating that: “The Mini Bid Round is an opportunity to spur new exploration and drilling activities…
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Giant strides in Nigeria’s oil and gas sector excite stakeholders
President Muhammadu Buhari has drawn accolades from stakeholders in the oil and gas sector of the Nigerian economy for the giant strides recorded in the sector.
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PIA to unlock investments in Nigeria’s oil, gas sector – Sylva
The Minister of State Petroleum Resources Chief Timipre Sylva, has said that the desire to surmount the challenges bedeviling the oil and gas sector led to the enactment of the Petroleum Industry Act (PIA). Sylva spoke at the Nigeria International Economic Partnership Forum, in New York, with the theme: “Nigeria’s Oil and Gas Sector: Reforms,…
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Ending petrol subsidy extremely difficult but inevitable – MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) says ending subsidy on Premium Motor Spirit (PMS) is extremely difficult but the Federal Government has no other option in light of current economic realities.