PIB


All posts for PIB

PIB delay latest: Buhari falls at first hurdle

Oh what a surprise. Not.   The most important piece of legislation proposed for the reformation of the single most lucrative and needy sector in Nigeria has fallen at the first hurdle. After positive noises have been heard from government sources over the past 4 months, many actually believed ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 5 months agoOpinion > BuhariPIBreform +4

Clock ticking on Nigerian oil reform

After a 10-year wait, Nigeria and much of the oil sector globally wait this week in shared anticipation for the passing of the Petroleum Industry Bill (PIB). With just a few days left until the self-imposed deadline announced by the Senate for introducing the PIB, are we at last on the verge of a re ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 5 months agoOpinion > reformNigeriaindigenous +5

Deadline threatens self-sufficiency in Nigeria

Nigeria has been something of a playground for the International Oil Companies (IOCs) since the oil boom began here in the 1960s. The resources they brought, the scales of production to which they were accustomed to and the reach of their extraction and distribution networks meant that returns were ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 6 months agoOpinion > NigeriaPIBjoint venture +5

Grab your popcorn - the PIB debate begins!

It's finally happening! The most eagerly-anticipated piece of legislation in the tumultuous history of the oil and gas sector in Nigeria is moving forward. Like a steam train pulling out of a station, it has taken a seemingly infinite amount of time to start but it now looks as though Nigeria's sena ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 6 months agoOpinion > PIBOilNigeria +3

Nigerian oil: overpromising and under-delivering

What the Nigerian administration possesses in its ability to propose ambitious promises, it ultimately makes up for in a lack of ability to execute its very well-intentioned plans. And it is now clear to everybody that the price of crude oil has very little to do with the country's problems. Among ...

Bayo Okoya - Delta Analytics Lagos


Posted 6 months agoOpinion > OilNigeriaPIB +6

PIB latest: Labour groups mount pressure on lawmakers

Nigerian isn't famous for its marathon runners. In fact, in the entire history of the Olympic Games, Nigerian athletes never reached the podium for long-distance events. But when it comes to endurance in general, it's a very different story. It's been over 10 years since the government led by Oluse ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 6 months agoOpinion > PIBpetroleumNigeria +5

Nigeria’s local firms flex their muscles overseas

Nigeria's local content capacity is regularly overlooked. Our home-grown companies are cast in the shadow of the multinational oil majors like Royal Dutch Shell Plc, Exxon Mobil Corp., Chevron Corp., Total SA and Eni SpA, which currently produce about 90 percent of our crude. But change is afoot and ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 6 months agoOpinion > South SudanlocalcontentNigeria +6

Benedict Peters: The fate of Nigeria’s oil future hangs in the balance

The workings of the oil sector in Nigeria had been in need of a rethink long before the Obasanjo government decided to take action nearly a decade ago. Passed from government to government in the years since, we're barely any closer to the promised alignment and clarification of the regulatory frame ...

Benedict Peters - Aiteo Group


Posted 7 months agoOpinion > OilPIBNigeria +10