There is a growing conversation around a possible amendment to the Petroleum Industry Act (PIA), and while every legislation should remain open to improvement, it is my considered opinion that this particular move is premature and ill-timed. The PIA, signed into law just in 2021, represents the most comprehensive...
Petroleum Industry Act
Bashir Bayo Ojulari, a mechanical engineer versed in the ecosystem of oil and gas, has spent roughly four months on the beat as Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL). And if morning shows the day, as ideally it should, then the nation’s oil...
The House of Representatives Committee on Petroleum Resources (Downstream) has resolved to launch a comprehensive investigation into the state of Nigeria’s refinery rehabilitation projects. This resolution followed a special session and after reviewing numerous petitions and complaints from the general public over the matter. Chairman of the committee, Hon....
By MBAFAN ADE – The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in conjunction with the Securities and Exchange Commission (SEC), has issued licenses to JEX Market to establish and operate a Gas Clearing House and Settlement Authorization Platform. Described by stakeholders as one of the most strategic...