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Petroleum Industry Act

Nigeria must evolve innovative ways in oil & gas exploration – Sylva

April 20, 2022 Promptnews 0

For Nigeria to continue to be relevant as a major player in the global oil and gas industry, it must come up with innovative ways […]

Oil is owned by Niger Delta, not Nigeria, by Michael Owhoko

January 26, 2022 Promptnews 0

For the record and for posterity, it is imperative to state that oil found in the Niger Delta region belongs to the people of the […]

Subsidy Removal: Buhari Approves Extension of Implementation Period

January 25, 2022 Promptnews 0

Sequel to engagements with stakeholders, President Muhammadu Buhari has agreed to an extension of the statutory period for the implementation of the removal of subsidy […]

Senate committee on upstream’ll ensure full implementation of PIA – Chairman

January 19, 2022 Admin 0

The Senate Committee on Petroleum Resources (Upstream) says it will ensure that every single provision enshrined in the Petroleum Industry Act (PIA) is followed to […]

PIA Provides Enormous Business Opportunities for NNPC Ltd, Says Kyari

January 16, 2022 Promptnews 0

   As the Federal Government commenced full implementation of the Petroleum Industry Act (PIA) in earnest, the new legislation has been tipped to provide business […]

Fuel subsidy going, going… FG to pay 40m Nigerians N5,000 monthly

November 23, 2021 Promptnews 0

By Tony Obiechina, Abuja In an effort to cushion the effects of the planned removal of fuel subsidy, the Federal Government is set to substitute […]

NUPRC seeks oil producers support for smooth implementation of PIA

November 3, 2021 Admin 0

The newly created Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has solicited the support of the Oil Producers Trade Section (OPTS) for the smooth implementation of […]

Komolafe promotes 195 upstream petroleum regulatory staff

November 2, 2021 Admin 0

 Mr. Gbenga Komolafe, Chief Executive Officer, Nigeria Upstream Petroleum Regulatory Commission (NUPRC), has approved the immediate promotion of 195 staff of the new Commission. The […]

FG inaugurates boards of new oil industry successor regulatory agencies

October 20, 2021 Admin 0

Chief Timipre Sylva, Minister of State for Petroleum Resources, has inaugurated the governing boards of the new entities comprising the regulatory framework for the oil […]

PIA: FG Scraps DPR, PPPRA, PEF; Sacks their CEOs

October 19, 2021 Promptnews 0

By Tony Obiechina, Abuja Following the passage of the Petroleum Industry Act (PIA), the Federal Government has officially scrapped the Department of Petroleum Resources (DPA), […]

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