On 16 August  2021, the then President Muhammadu Buhari signed the Petroleum Industry Bill into law. He described the resulting Petroleum Industry Act (PIA) 2021 as Nigeria’s second-largest achievement in the energy sector. He believed that the Act had the potential to address longstanding challenges and drive significant reforms in the oil and gas sector. Four years down the line, …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has waded into the dispute between Chevron Nigeria Limited and some communities within the company’s Warri exploration and production area in Delta State, over the composition and naming of the Host Communities Trust Fund. Both parties in the dispute have been urged to maintain the peace pending the resolution of the matter. The …

In compliance with the provisions of Section 71 (1) – (10) of the Petroleum Industry Act (PIA) 2021, the Nigerian Upstream Petroleum Commission (NUPRC) has granted a Petroleum Exploration Licence (PEL) to TGS-PetroData Offshore Services Limited (TGS-PD). The PEL is the first under the PIA 2021 and is under the licence agreement which the commission and TGS-PD executed for a …

The oil-rich Ugborodo community in Warri South-West Local Government Area of Delta State on Wednesday staged a protest against Chevron Nigeria Limited as they condemned the Petroleum Industry Act (PIA) insisting that the oil giant must dialogue with them. Indigenes of the community were led in the protests by the Eghare-Aja of Ugborodo, Daniel Uwawah. The peaceful protesters, who are …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has developed an industry intelligent digital automated platform for reporting and monitoring the Host Community Development Trust (HCDT). This, the commission said, is for transparent administration of the host communities’ provisions of the Petroleum Industry Act (PIA) 2021. According to its Chief Executive, Engr. Gbenga Komolafe, NUPRC developed the platform in partnership with …

President Muhammadu Buhari has said that the transformation of the publicly-owned Nigeria National Petroleum Corporation to the commercial entity now known as Nigerian National Petroleum Company (NNPC) Limited  Limited would strengthen the capacity and market relevance of Nigeria’s oil industry. NNPC Limited came into effect on 1 July, and one of benefits of the Petroleum Industry Act (PIA) 2021. The …