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Petroleum Industry Act (PIA)

  •  Stakeholders in the Petroleum Industry are currently meeting to harmonise the draft Midstream and Downstream Petroleum Safety Regulations and Petroleum Measurement Regulations to enhance operations of the sector The event tagged Stakeholder s Consultation Forum on Regulations billed to hold from Oct 4 to Oct 6 is being organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA The Authority Chief Executive ACE NMDPRA Malam Farouk Ahmed stated this at the inauguration of the forum on Tuesday in Abuja He said the event was meant to get input of the stakeholders on the drafted regulations The News Agency of Nigeria recalled that the authority had in Aug 1 began review of first set of the midstream and downstream petroleum regulations to bequeath the industry with laws and policies to enable investment in the sector The 10 regulations considered were Petroleum Transportation and Shipment Regulations Assignment and Transfer of Licence and Permit Regulations It also included Midstream and Downstream Petroleum Operations Regulations Petroleum Pipeline Regulations Gas Pricing Domestic Demand and Delivery Regulations and Natural Gas Pipeline Tariff Regulations Others were Midstream and Downstream Decommissioning and Abandonment Regulations Environmental Regulations for Midstream and Downstream Operations Midstream and Downstream Gas Infrastructure Fund Regulations and Environmental Remediation Funds Regulations Farouk represented by Mr Ogbugo Ukoha Executive Director Distribution Systems Storage and Retailing Infrastructure NMDPRA said the Petroleum Industry Act PIA provided that before it could finalise a regulation such regulation must be subjected to public scrutiny He said the PIA also required the authority to publish the regulations in the media for members of the public to have input in the draft regulation We are required to publish this regulations when we finish drafting whether by website newspaper or any other means and after 21 days that this has been published to the public we are required to obtaine feedback from the public The feedback could be either by written or a forum where they can also come and let us know if we have gotten it right with what we have proposed in the regulation or make inputs What we are doing today is a continuation of what we did few months ago it is in compliance to the PIA Few months ago we sent out and published 10 drafted regulations collaborated with stakeholders and got feedback from them at that time Now again we have brought out two drafted regulations the first one is on safety and this is very important to this industry the second one is on measurement of product whether crude or refined product to pass from one hand to the other You know in a value chain we have a lot of operators we have the one that will bring the products buy store and transport the products he said He said that as they changed custody there has to be measurement to guard against dispute adding the authority was optimistic that there would be positive outcome at the end of the stakeholders meeting RSA NewsSourceCredit NAN
    Stakeholders move to harmonise draft petroleum measurements, safety regulations 
     Stakeholders in the Petroleum Industry are currently meeting to harmonise the draft Midstream and Downstream Petroleum Safety Regulations and Petroleum Measurement Regulations to enhance operations of the sector The event tagged Stakeholder s Consultation Forum on Regulations billed to hold from Oct 4 to Oct 6 is being organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA The Authority Chief Executive ACE NMDPRA Malam Farouk Ahmed stated this at the inauguration of the forum on Tuesday in Abuja He said the event was meant to get input of the stakeholders on the drafted regulations The News Agency of Nigeria recalled that the authority had in Aug 1 began review of first set of the midstream and downstream petroleum regulations to bequeath the industry with laws and policies to enable investment in the sector The 10 regulations considered were Petroleum Transportation and Shipment Regulations Assignment and Transfer of Licence and Permit Regulations It also included Midstream and Downstream Petroleum Operations Regulations Petroleum Pipeline Regulations Gas Pricing Domestic Demand and Delivery Regulations and Natural Gas Pipeline Tariff Regulations Others were Midstream and Downstream Decommissioning and Abandonment Regulations Environmental Regulations for Midstream and Downstream Operations Midstream and Downstream Gas Infrastructure Fund Regulations and Environmental Remediation Funds Regulations Farouk represented by Mr Ogbugo Ukoha Executive Director Distribution Systems Storage and Retailing Infrastructure NMDPRA said the Petroleum Industry Act PIA provided that before it could finalise a regulation such regulation must be subjected to public scrutiny He said the PIA also required the authority to publish the regulations in the media for members of the public to have input in the draft regulation We are required to publish this regulations when we finish drafting whether by website newspaper or any other means and after 21 days that this has been published to the public we are required to obtaine feedback from the public The feedback could be either by written or a forum where they can also come and let us know if we have gotten it right with what we have proposed in the regulation or make inputs What we are doing today is a continuation of what we did few months ago it is in compliance to the PIA Few months ago we sent out and published 10 drafted regulations collaborated with stakeholders and got feedback from them at that time Now again we have brought out two drafted regulations the first one is on safety and this is very important to this industry the second one is on measurement of product whether crude or refined product to pass from one hand to the other You know in a value chain we have a lot of operators we have the one that will bring the products buy store and transport the products he said He said that as they changed custody there has to be measurement to guard against dispute adding the authority was optimistic that there would be positive outcome at the end of the stakeholders meeting RSA NewsSourceCredit NAN
    Stakeholders move to harmonise draft petroleum measurements, safety regulations 
    General news3 days ago

    Stakeholders move to harmonise draft petroleum measurements, safety regulations 

    Stakeholders in the Petroleum Industry are currently meeting to harmonise the draft Midstream and Downstream Petroleum (Safety) Regulations and Petroleum Measurement Regulations to enhance operations of the sector.

    The event tagged “Stakeholder’s Consultation Forum on Regulations”,  billed to hold from Oct. 4 to Oct. 6, is being organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

    The Authority Chief Executive (ACE), NMDPRA, Malam Farouk Ahmed stated this at the inauguration of the forum on Tuesday in Abuja.

    He said the event was meant to get input of the stakeholders on the drafted regulations.

    The News Agency of Nigeria recalled that the authority had in Aug. 1, began review of first set of the midstream and downstream petroleum regulations to bequeath the industry with laws and policies to enable investment in the sector.

    The 10 regulations considered were: Petroleum (Transportation and Shipment) Regulations; Assignment and Transfer of Licence and Permit Regulations.

    It also included Midstream and Downstream Petroleum (Operations) Regulations; Petroleum Pipeline Regulations, Gas Pricing Domestic Demand and Delivery Regulations, and Natural Gas Pipeline Tariff Regulations.

    Others were Midstream and Downstream Decommissioning and Abandonment Regulations; Environmental Regulations for Midstream and Downstream Operations, Midstream and Downstream Gas Infrastructure Fund Regulations and Environmental Remediation Funds Regulations.

    Farouk, represented by Mr Ogbugo Ukoha, Executive Director, Distribution Systems, Storage and Retailing Infrastructure, NMDPRA, said the Petroleum Industry Act (PIA) provided that before it could finalise a regulation, such regulation must be subjected to public scrutiny.

    He said the PIA also required the authority to publish the regulations in the media for members of the public to have input in the draft regulation.

    “We are required to publish this regulations when we finish drafting, whether by website, newspaper or any other means, and after 21 days that this has been published to the public, we are required to obtaine feedback from the public.

    “The feedback could be either by written or a forum where they can also come and let us know if we have gotten it right with what we have proposed in the regulation or make inputs.

    “What we are doing today is a continuation of what we did few months ago, it is in compliance to the PIA.

    Few months ago we sent out and published 10 drafted regulations, collaborated with stakeholders and got feedback from them at that time.

    “Now again, we have brought out two drafted regulations, the first one is on safety and this is very important to this industry, the second one is on measurement of product whether crude or refined product, to pass from one hand to the other.

    “You know in a value chain, we have a lot of operators, we have the one that will bring the products, buy, store and transport the products, “ he said.

    He said that as they changed custody, there has to be measurement to guard against dispute, adding the authority was optimistic that there would be positive outcome at the end of the stakeholders meeting.

    RSA
    NewsSourceCredit: NAN

  •  The Accountability in Extractive Sector AES Cluster an NGO has tasked oil producing communities to work toward effective takeoff of host community development trust fund as enshrined in the Petroleum Industry Act PIA Mr Auwal Musa the Executive Director Civil Society Legislative Advocacy Centre CISLAC said this at a multi stakeholder dialogue on the review and progress of implementing PIA on Tuesday in Asaba Musa said that dialogue was within the framework of Strengthening Civic Advocacy and Local Engagement SCALE project implemented by Palladium Group Holdings with funding from the United States Agency for International Development USAID He said that the aim was to engage host communities that can drive the implementation process for the establishment of host community development trust fund Musa said that the dialogue was to inform and review the progress in the implementation of the PIA He said it was also to harvest agenda to advance engagements with Settlors Oil companies and relevant state actors towards expediting the establishment of their respective Host Community Development Trust HCDT Funds to the benefit of their communities He said the community engagement was aimed at stepping down knowledge with guidance from relevant state actors on the issue of regulations template and procedural guidelines for the communities The CISLAC boss said that the dialogue was equally to identify opportunities to facilitate the establishment of community platforms for timely reviews of relevant frameworks and processes Speaking Munachi Ugochukwu Programme Officer CISLAC s Tax Justice Environment and Conservation of Nature said the programme was being implemented in oil producing states of Delta Akwa Ibom Lagos Imo Rivers and Abuja The programme is being delivered through an anchor cluster model with about 10 organisations from the participating states and Abuja It is about driving transparency and accountability in the extractive sector to ensure that the sector resources trickled down both to the oil host communities and Nigerians The aim is to engage host communities that can drive the implementation process for the establishment of host community development trust fund About five host communities and three representatives each were invited A traditional ruler a woman and a youth leader are part of the persons drawn for the engagement process he said Ugochukwu listed the communities in Delta as Owa Aladima Ndokwa nation Ekakpamre and Orogun He said the objective was to step down the content regulation for the host communities to be familiar with it as well as the procedural and template guidelines for the establishment of the host communities trust fund In his remarks the Delta Director National Orientation Agency NOA Mr Chris Anyabuine expressed the readiness of the agency to sustain the awareness creation on the PIA and host community regulations across the state The meeting was attended by representatives of the Nigeria Upstream Petroleum Regulatory Commission NUPRC Corporate Affairs Commission Delta Ministry of Environment traditional councils leaders of oil host communities and the media NewsSourceCredit NAN
    Group tasks oil producing communities on Petroleum Industry Act
     The Accountability in Extractive Sector AES Cluster an NGO has tasked oil producing communities to work toward effective takeoff of host community development trust fund as enshrined in the Petroleum Industry Act PIA Mr Auwal Musa the Executive Director Civil Society Legislative Advocacy Centre CISLAC said this at a multi stakeholder dialogue on the review and progress of implementing PIA on Tuesday in Asaba Musa said that dialogue was within the framework of Strengthening Civic Advocacy and Local Engagement SCALE project implemented by Palladium Group Holdings with funding from the United States Agency for International Development USAID He said that the aim was to engage host communities that can drive the implementation process for the establishment of host community development trust fund Musa said that the dialogue was to inform and review the progress in the implementation of the PIA He said it was also to harvest agenda to advance engagements with Settlors Oil companies and relevant state actors towards expediting the establishment of their respective Host Community Development Trust HCDT Funds to the benefit of their communities He said the community engagement was aimed at stepping down knowledge with guidance from relevant state actors on the issue of regulations template and procedural guidelines for the communities The CISLAC boss said that the dialogue was equally to identify opportunities to facilitate the establishment of community platforms for timely reviews of relevant frameworks and processes Speaking Munachi Ugochukwu Programme Officer CISLAC s Tax Justice Environment and Conservation of Nature said the programme was being implemented in oil producing states of Delta Akwa Ibom Lagos Imo Rivers and Abuja The programme is being delivered through an anchor cluster model with about 10 organisations from the participating states and Abuja It is about driving transparency and accountability in the extractive sector to ensure that the sector resources trickled down both to the oil host communities and Nigerians The aim is to engage host communities that can drive the implementation process for the establishment of host community development trust fund About five host communities and three representatives each were invited A traditional ruler a woman and a youth leader are part of the persons drawn for the engagement process he said Ugochukwu listed the communities in Delta as Owa Aladima Ndokwa nation Ekakpamre and Orogun He said the objective was to step down the content regulation for the host communities to be familiar with it as well as the procedural and template guidelines for the establishment of the host communities trust fund In his remarks the Delta Director National Orientation Agency NOA Mr Chris Anyabuine expressed the readiness of the agency to sustain the awareness creation on the PIA and host community regulations across the state The meeting was attended by representatives of the Nigeria Upstream Petroleum Regulatory Commission NUPRC Corporate Affairs Commission Delta Ministry of Environment traditional councils leaders of oil host communities and the media NewsSourceCredit NAN
    Group tasks oil producing communities on Petroleum Industry Act
    General news3 days ago

    Group tasks oil producing communities on Petroleum Industry Act

    The Accountability in Extractive Sector (AES) Cluster, an NGO has tasked oil producing communities to work toward effective takeoff of host community development trust fund as enshrined in the Petroleum Industry Act (PIA).Mr Auwal Musa, the Executive Director, Civil Society Legislative Advocacy Centre (CISLAC) said this at a multi-stakeholder dialogue on the review and progress of implementing PIA on Tuesday in Asaba.Musa said that dialogue was within the framework of Strengthening Civic Advocacy and Local Engagement (SCALE) project implemented by Palladium Group Holdings with funding from the United States Agency for International Development (USAID).He said that the aim was to engage host communities that can drive the implementation process for the establishment of host community development trust fund.Musa said that the dialogue was to inform and review the progress in the implementation of the PIA.He said it was also to harvest agenda to advance engagements with Settlors (Oil companies) and relevant state actors towards expediting the establishment of their respective Host Community Development Trust (HCDT) Funds to the benefit of their communities He said the community engagement was aimed at stepping down knowledge with guidance from relevant state actors on the issue of regulations, template and procedural guidelines for the communities.The CISLAC boss said that the dialogue was equally to identify opportunities to facilitate the establishment of community platforms for timely reviews of relevant frameworks and processes.Speaking, Munachi Ugochukwu, Programme Officer, CISLAC’s Tax Justice, Environment and Conservation of Nature, said the programme was being implemented in oil producing states of Delta, Akwa Ibom, Lagos, Imo, Rivers and Abuja.“The programme is being delivered through an anchor cluster model with about 10 organisations from the participating states and Abuja.“It is about driving transparency and accountability in the extractive sector to ensure that the sector resources trickled down both to the oil host communities and Nigerians.”The aim is to engage host communities that can drive the implementation process for the establishment of host community development trust fund.”About five host communities and three representatives each were invited.A traditional ruler, a woman, and a youth leader are part of the persons drawn for the engagement process,” he said.Ugochukwu listed the communities in Delta as, Owa Aladima Ndokwa nation, Ekakpamre and Orogun.He said the objective was to step down the content regulation, for the host communities to be familiar with it as well as the procedural and template guidelines for the establishment of the host communities’ trust fund.In his remarks, the Delta Director, National Orientation Agency (NOA), Mr. Chris Anyabuine, expressed the readiness of the agency to sustain the awareness creation on the PIA and host community regulations across the state.The meeting was attended by representatives of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Corporate Affairs Commission, Delta Ministry of Environment, traditional councils, leaders of oil-host communities, and the media.NewsSourceCredit: NAN

  •  The Independent Petroleum Marketers Association of Nigeria IPMAN says President Muhammadu Buhari will be remembered for the passage of the Petroleum Industry Act PIA which has repositioned the oil and gas sector IPMAN s National President Mr Chinedu Okoronkwo made this known in an interview with the News Agency of Nigeria in Lagos while reacting to Buhari s 62nd Independence Anniversary broadcast NAN reports that Buhari had addressed the nation to mark the Oct 1 Independence Anniversary celebration Okoronkwo said the signing of the PIA by the President on Aug 16 2021 had laid to rest almost two decades of failure by successive administrations in the country Like the President said in his speech the passage of the PIA remains a laudable move to reposition Nigeria s oil and gas industry The Buhari led administration will be remembered for being able to achieve this feat after almost two decades of failure by its predecessors What the PIA has done is that it has removed uncertainty from the industry and created a clear fiscal framework that will encourage investors to come in he said Okoronkwo said though some key aspects of the Act was yet to be implemented especially the full deregulation of the downstream sector the impact made so far was commendable He said they included the creation of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Petroleum Regulatory Commission with clear mandates The IPMAN president said it also included the transformation of the Nigerian National Petroleum Corporation stock to the Nigerian National Petroleum Company Ltd with emphasis on commercialisation and competition Okoronkwo said the PIA was also driving gas development in the country especially with the declaration of the Decade of Gas by the Federal Government He said As we celebrate our 62nd Independence Anniversary today we as Nigerians should remain grateful to God for our peaceful coexistence despite our numerous challenges as a country IPMAN believes that these challenges are surmountable if we are focused on what unites us as a people and work together for the socio economic and political development of the nation As marketers and key players in the downstream sector IPMAN will continue to support efforts of the government to ensure smooth distribution of petroleum products across the country NewsSourceCredit NAN
    Buhari’s administration ‘ll be remembered for passage of PIA – IPMAN
     The Independent Petroleum Marketers Association of Nigeria IPMAN says President Muhammadu Buhari will be remembered for the passage of the Petroleum Industry Act PIA which has repositioned the oil and gas sector IPMAN s National President Mr Chinedu Okoronkwo made this known in an interview with the News Agency of Nigeria in Lagos while reacting to Buhari s 62nd Independence Anniversary broadcast NAN reports that Buhari had addressed the nation to mark the Oct 1 Independence Anniversary celebration Okoronkwo said the signing of the PIA by the President on Aug 16 2021 had laid to rest almost two decades of failure by successive administrations in the country Like the President said in his speech the passage of the PIA remains a laudable move to reposition Nigeria s oil and gas industry The Buhari led administration will be remembered for being able to achieve this feat after almost two decades of failure by its predecessors What the PIA has done is that it has removed uncertainty from the industry and created a clear fiscal framework that will encourage investors to come in he said Okoronkwo said though some key aspects of the Act was yet to be implemented especially the full deregulation of the downstream sector the impact made so far was commendable He said they included the creation of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Petroleum Regulatory Commission with clear mandates The IPMAN president said it also included the transformation of the Nigerian National Petroleum Corporation stock to the Nigerian National Petroleum Company Ltd with emphasis on commercialisation and competition Okoronkwo said the PIA was also driving gas development in the country especially with the declaration of the Decade of Gas by the Federal Government He said As we celebrate our 62nd Independence Anniversary today we as Nigerians should remain grateful to God for our peaceful coexistence despite our numerous challenges as a country IPMAN believes that these challenges are surmountable if we are focused on what unites us as a people and work together for the socio economic and political development of the nation As marketers and key players in the downstream sector IPMAN will continue to support efforts of the government to ensure smooth distribution of petroleum products across the country NewsSourceCredit NAN
    Buhari’s administration ‘ll be remembered for passage of PIA – IPMAN
    General news6 days ago

    Buhari’s administration ‘ll be remembered for passage of PIA – IPMAN

    The Independent Petroleum Marketers Association of Nigeria (IPMAN), says President Muhammadu Buhari will be remembered for the passage of the Petroleum Industry Act (PIA) which has repositioned the oil and gas sector.

    IPMAN’s National President, Mr Chinedu Okoronkwo, made this known in an interview with the News Agency of Nigeria in Lagos while reacting to Buhari’s 62nd Independence Anniversary broadcast.

    NAN reports that Buhari had addressed the nation to mark the Oct. 1 Independence Anniversary celebration.

    Okoronkwo said the signing of the PIA by the President on Aug. 16, 2021 had laid to rest, almost two decades of failure by successive administrations in the country.

    “Like the President said in his speech, the passage of the PIA remains a laudable move to reposition Nigeria’s oil and gas industry.

    “The Buhari-led administration will be remembered for being able to achieve this feat after almost two decades of failure by its predecessors.

    “What the PIA has done is that it has removed uncertainty from the industry and created a clear fiscal framework that will encourage investors to come in, ” he said.

    Okoronkwo said though some key aspects of the Act was yet to be implemented especially the full deregulation of the downstream sector, the impact made so far was commendable.

    He said they included the creation of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Petroleum Regulatory Commission with clear mandates.

    The IPMAN president said it also included the transformation of the Nigerian National Petroleum Corporation stock to the Nigerian National Petroleum Company Ltd.,  with emphasis on commercialisation and competition.

    Okoronkwo said the PIA was also driving gas development in the country, especially with the declaration of the Decade of Gas by the Federal Government.

    He said: “As we celebrate our 62nd Independence Anniversary today, we as Nigerians should remain grateful to God for our peaceful coexistence despite our numerous challenges as a country.

    “IPMAN believes that these challenges are surmountable if we are focused on what unites us as a people and work together for the socio-economic and political development of the nation.

    “As marketers and key players in the downstream sector, IPMAN will continue to support efforts of the government to ensure smooth distribution of petroleum products across the country.


    NewsSourceCredit: NAN

  •   Amid a recent surge in exploration drilling in Africa Africa Oil Week https Africa OilWeek com is once again hosting an Outlook Forum to provide a platform that will showcase some of the exploration and development opportunities most attractive on the continent The Outlook Forum will be moderated and hosted by the African commodity and investment research agency Hawilti www Hawilti com By working together Africa Oil Week and Hawilti have aligned a number of world class assets in onshore shallow and deepwater areas in Nigeria Cameroon Morocco Namibia and the Comoros The Outlook Forum will once again support the making of deals for African and global operators and help unlock further exploration and development potential on the continent This year s edition comes as Africa makes a grand comeback on the global exploration stage following world class discoveries in C te d Ivoire and Namibia in particular Recent scouting in these frontier markets has shown once again that betting on African scouting is a game worth taking the risk Despite some misleading 2022 remains a banner year for African exploration especially in new hotspots like the Orange Basin and Cabora Bassa Basin but also in established jurisdictions said Mickael Vogel Director and Head of Research at Hawilti who will be moderating this year s Prospect Forum Nigerian assets will feature prominently as Nigerian independents such as Asharami Energy Oando Energy Resources and Platform Petroleum present their opportunities in Africa s largest brownfield market Nigeria has completely overhauled its regulatory regime last year with the adoption of the Petroleum Industry Act PIA and market activity is currently picking up there Onshore assets will also be featured especially in markets where exploration has recently achieved some strong successes In particular Genel Energy will present an acquisition opportunity at its Lagzira block in Morocco while Monitor Exploration will share details on the potential of the Owambo Basin off the coast of Namibia This year s Prospect Forum will be run exclusively by independents with Discover Exploration and Tower Resources also joining the list of presenters to promote attractive offshore assets in Cameroon and the Comoros Building on the current momentum in the industry the Forum will once again look to forge new partnerships and attract the best explorers and investors to African opportunities Reservations For more information on how you can get involved be it to exhibit sponsor or attend as a delegate click here https Africa OilWeek com
    Hawilti to Moderate Highly Anticipated Outlook Forum at Africa Oil Week (AOW) 2022
      Amid a recent surge in exploration drilling in Africa Africa Oil Week https Africa OilWeek com is once again hosting an Outlook Forum to provide a platform that will showcase some of the exploration and development opportunities most attractive on the continent The Outlook Forum will be moderated and hosted by the African commodity and investment research agency Hawilti www Hawilti com By working together Africa Oil Week and Hawilti have aligned a number of world class assets in onshore shallow and deepwater areas in Nigeria Cameroon Morocco Namibia and the Comoros The Outlook Forum will once again support the making of deals for African and global operators and help unlock further exploration and development potential on the continent This year s edition comes as Africa makes a grand comeback on the global exploration stage following world class discoveries in C te d Ivoire and Namibia in particular Recent scouting in these frontier markets has shown once again that betting on African scouting is a game worth taking the risk Despite some misleading 2022 remains a banner year for African exploration especially in new hotspots like the Orange Basin and Cabora Bassa Basin but also in established jurisdictions said Mickael Vogel Director and Head of Research at Hawilti who will be moderating this year s Prospect Forum Nigerian assets will feature prominently as Nigerian independents such as Asharami Energy Oando Energy Resources and Platform Petroleum present their opportunities in Africa s largest brownfield market Nigeria has completely overhauled its regulatory regime last year with the adoption of the Petroleum Industry Act PIA and market activity is currently picking up there Onshore assets will also be featured especially in markets where exploration has recently achieved some strong successes In particular Genel Energy will present an acquisition opportunity at its Lagzira block in Morocco while Monitor Exploration will share details on the potential of the Owambo Basin off the coast of Namibia This year s Prospect Forum will be run exclusively by independents with Discover Exploration and Tower Resources also joining the list of presenters to promote attractive offshore assets in Cameroon and the Comoros Building on the current momentum in the industry the Forum will once again look to forge new partnerships and attract the best explorers and investors to African opportunities Reservations For more information on how you can get involved be it to exhibit sponsor or attend as a delegate click here https Africa OilWeek com
    Hawilti to Moderate Highly Anticipated Outlook Forum at Africa Oil Week (AOW) 2022
    Africa1 week ago

    Hawilti to Moderate Highly Anticipated Outlook Forum at Africa Oil Week (AOW) 2022

    Amid a recent surge in exploration drilling in Africa, Africa Oil Week (https://Africa-OilWeek.com) is once again hosting an Outlook Forum to provide a platform that will showcase some of the exploration and development opportunities most attractive on the continent.

    The Outlook Forum will be moderated and hosted by the African commodity and investment research agency Hawilti (www.Hawilti.com).

    By working together, Africa Oil Week and Hawilti have aligned a number of world-class assets in onshore, shallow and deepwater areas in Nigeria, Cameroon, Morocco, Namibia and the Comoros.

    The Outlook Forum will once again support the making of deals for African and global operators and help unlock further exploration and development potential on the continent.

    This year's edition comes as Africa makes a grand comeback on the global exploration stage following world-class discoveries in Côte d'Ivoire and Namibia in particular.

    Recent scouting in these frontier markets has shown once again that betting on African scouting is a game worth taking the risk.

    "Despite some misleading, 2022 remains a banner year for African exploration, especially in new hotspots like the Orange Basin and Cabora Bassa Basin, but also in established jurisdictions," said Mickael Vogel, Director and Head of Research at Hawilti, who will be moderating this year's Prospect Forum.

    Nigerian assets will feature prominently as Nigerian independents such as Asharami Energy, Oando Energy Resources and Platform Petroleum present their opportunities in Africa's largest brownfield market.

    Nigeria has completely overhauled its regulatory regime last year with the adoption of the Petroleum Industry Act (PIA), and market activity is currently picking up there.

    Onshore assets will also be featured, especially in markets where exploration has recently achieved some strong successes.

    In particular, Genel Energy will present an acquisition opportunity at its Lagzira block in Morocco, while Monitor Exploration will share details on the potential of the Owambo Basin off the coast of Namibia.

    This year's Prospect Forum will be run exclusively by independents, with Discover Exploration and Tower Resources also joining the list of presenters to promote attractive offshore assets in Cameroon and the Comoros.

    Building on the current momentum in the industry, the Forum will once again look to forge new partnerships and attract the best explorers and investors to African opportunities.

    Reservations For more information on how you can get involved, be it to exhibit, sponsor or attend as a delegate, click here (https://Africa-OilWeek.com).

  •  The Minister of State for Petroleum Resources Timipre Sylva has assured Nigerians that rehabilitation of the Port Harcourt refinery would soon be completed and that the plant would refine 60 000 barrels of crude by early 2023 Sylva gave the assurance while speaking with newsmen in New York at the ongoing 77th of the United Nations General Assembly UNGA The minister spoke after the official launch of the Nigeria Integrated National Financing Framework Report INFF the event organised by the Nigerian Government United Nations Development Programme UNDP and European Union He said the MoU signed on the modular refineries would help the growth of refining capacity saying our target as a nation is not necessarily to become self sufficient in the petroleum products but to become a net exporter of petroleum products We are expecting that by the end of this year 60 000 barrels capacity per day refinery in Port Harcourt will be functional and we also expecting first quarter of next year Dangote refinery that will also be functional So we are trying to add to that and of course you know that there is work going on in Warri Refinery and in Lasuna Refinery So we also want to have other refineries that will complement these refineries because in the end we are not talking about self sufficiency but a net exporter of petroleum as a country the minister said On the launch of INFF Sylva said it was a great event for the stakeholders in the oil and gas industry sector in Nigeria This is the first outing after the passage of the Petroleum Industry Act PIA and we want to signal to the world that we are ready for investors This has given us the opportunity to engage those who are very interested on the sidelines of the UN and we were quite happy as a government to take advantage of this opportunity he said The minister said the SDGs frameworks were integral part of the national development and growth and that s why we should mainstream it at the end of every year We should be able to measure how each ministry has contributed to the achievement of the SDGs That is really what development is about if we are not able to achieve as the SDGs as a nation then it will impact the general growth of our nation So right now what we have being trying to do is to ensure that the SDGs are mainstreamed So really whatever is happening in the government will be geared towards advancing the achievement of the SDGs he said Sylva argued that if the SDGs were mainstreamed in the national goals adding that whatever is happening in the government will have a direct impact on the achievement of the SDGs The SDGs should be mainstreamed so that total apparatus of government is geared towards achieving the SDGs instead of taking the SDGs as a sideline thing to be looked at by some of the agencies he said NewsSourceCredit NAN
    UNGA77: P/Harcourt refinery to produce 60,000 barrels/day soon – Minister
     The Minister of State for Petroleum Resources Timipre Sylva has assured Nigerians that rehabilitation of the Port Harcourt refinery would soon be completed and that the plant would refine 60 000 barrels of crude by early 2023 Sylva gave the assurance while speaking with newsmen in New York at the ongoing 77th of the United Nations General Assembly UNGA The minister spoke after the official launch of the Nigeria Integrated National Financing Framework Report INFF the event organised by the Nigerian Government United Nations Development Programme UNDP and European Union He said the MoU signed on the modular refineries would help the growth of refining capacity saying our target as a nation is not necessarily to become self sufficient in the petroleum products but to become a net exporter of petroleum products We are expecting that by the end of this year 60 000 barrels capacity per day refinery in Port Harcourt will be functional and we also expecting first quarter of next year Dangote refinery that will also be functional So we are trying to add to that and of course you know that there is work going on in Warri Refinery and in Lasuna Refinery So we also want to have other refineries that will complement these refineries because in the end we are not talking about self sufficiency but a net exporter of petroleum as a country the minister said On the launch of INFF Sylva said it was a great event for the stakeholders in the oil and gas industry sector in Nigeria This is the first outing after the passage of the Petroleum Industry Act PIA and we want to signal to the world that we are ready for investors This has given us the opportunity to engage those who are very interested on the sidelines of the UN and we were quite happy as a government to take advantage of this opportunity he said The minister said the SDGs frameworks were integral part of the national development and growth and that s why we should mainstream it at the end of every year We should be able to measure how each ministry has contributed to the achievement of the SDGs That is really what development is about if we are not able to achieve as the SDGs as a nation then it will impact the general growth of our nation So right now what we have being trying to do is to ensure that the SDGs are mainstreamed So really whatever is happening in the government will be geared towards advancing the achievement of the SDGs he said Sylva argued that if the SDGs were mainstreamed in the national goals adding that whatever is happening in the government will have a direct impact on the achievement of the SDGs The SDGs should be mainstreamed so that total apparatus of government is geared towards achieving the SDGs instead of taking the SDGs as a sideline thing to be looked at by some of the agencies he said NewsSourceCredit NAN
    UNGA77: P/Harcourt refinery to produce 60,000 barrels/day soon – Minister
    Foreign2 weeks ago

    UNGA77: P/Harcourt refinery to produce 60,000 barrels/day soon – Minister

    The Minister of State for Petroleum Resources, Timipre Sylva, has assured Nigerians that rehabilitation of the Port Harcourt refinery would soon be completed and that the plant would refine 60,000 barrels of crude by early 2023. Sylva gave the assurance while speaking with newsmen in New York at  the ongoing 77th of the United Nations General Assembly (UNGA).

    The minister spoke after the official launch of the Nigeria Integrated National Financing Framework Report (INFF), the event organised by the Nigerian Government, United Nations Development Programme (UNDP) and European Union.

    He said the MoU signed on the modular refineries would help the growth of refining capacity, saying “our target as a nation is not necessarily to become self-sufficient in the petroleum products but to become a net exporter of petroleum products.

    “We are expecting that by the end of this year 60,000 barrels capacity per day refinery in Port Harcourt will be functional and we also expecting first quarter of next year Dangote refinery that will also be functional.

    “So, we are trying to add to that and of course you know that there is work going on in Warri Refinery and in Lasuna Refinery.

    “So, we also want to have other refineries that will complement these refineries because in the end, we are not talking about self-sufficiency but a net exporter of petroleum as a country,’’ the minister said.

    On the launch of INFF, Sylva said it was a great event for the stakeholders in the oil and gas industry sector in Nigeria.

    “This is the first outing after the passage of the Petroleum Industry Act (PIA) and we want to signal to the world that we are ready for investors.

    “This has given us the opportunity to engage those who are very interested on the sidelines of the UN and we were quite happy as a government to take advantage of this opportunity,’’ he said.

    The minister said the SDGs frameworks were integral part of the national development and growth and “that’s why we should mainstream it at the end of every year”.

    “We should be able to measure how each ministry has contributed to the achievement of the SDGs. “That is really what development is about, if we are not able to achieve as the SDGs as a nation, then it will impact the general growth of our nation.

    “So, right now, what we have being trying to do is to ensure that the SDGs are mainstreamed.

    So, really, whatever is happening in the government, will be geared towards advancing the achievement of the SDGs,’’ he said.

    Sylva argued that if the SDGs were mainstreamed in the national goals, adding that whatever is happening in the government will have a direct impact on the achievement of the SDGs. “The SDGs should be mainstreamed so that total apparatus of government is geared towards achieving the SDGs instead of taking the SDGs as a sideline thing to be looked at by some of the agencies,’’ he said.


    NewsSourceCredit: NAN

  •  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 Results and the Road Ahead Sylva in a statement on Thursday by his Senior Adviser Media and Communications Horatius Egua said Federal Government s desire to inject life into the sector characterised by fiscal and operational challenges led to making proactive reforms a priority The minister said the enactment of the PIA on Aug 16 2021 was a watershed moment for the nation the industry and all stakeholders He said it signalled the beginning of a more conducive environment for investment output industrial and national growth while also addressing legitimate grievances of resource host communities most impacted by resource extraction operations He said the PIA 2021 at full implementation would create massive investment opportunities improve transparency attract investors and reposition the Nigerian Oil and Gas industry for sustainable growth The minister said the PIA 2021 had established a legal governance regulatory and fiscal framework for the petroleum industry host community development and associated matters It provides fiscal certainty improves regulations and incentives for investment including up to ten year tax vacations while guaranteeing better take for both government and private investors thereby balancing rewards with risk The PIA has set the foundation for a sustainable growth in the sector with the establishment of the Nigerian National Petroleum Company Limited NNPCL Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA and Nigerian Upstream Petroleum Regulatory Commission NUPRC he said This administration remains committed to ensure full implementation of these conceived reforms to foster efficiency and attract investments and development of supporting infrastructure along the oil and gas value chain as embedded in our policy aspirations for the sector The government has taken the necessary steps to sustainably implement and operationalize the PIA 2021 within the timelines stipulated in the Act he said To this end he said the government had inaugurated the steering committee which he chaired responsible for PIA implementation immediately after the PIA was signed into law Reflecting on the theme of the conference Nigeria s Oil and Gas Sector Reforms Results and the Road Ahead Sylva said the theme resonated the aspirations and commitment of President Buhari s government to reform the sector NewsSourceCredit NAN
    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 Results and the Road Ahead Sylva in a statement on Thursday by his Senior Adviser Media and Communications Horatius Egua said Federal Government s desire to inject life into the sector characterised by fiscal and operational challenges led to making proactive reforms a priority The minister said the enactment of the PIA on Aug 16 2021 was a watershed moment for the nation the industry and all stakeholders He said it signalled the beginning of a more conducive environment for investment output industrial and national growth while also addressing legitimate grievances of resource host communities most impacted by resource extraction operations He said the PIA 2021 at full implementation would create massive investment opportunities improve transparency attract investors and reposition the Nigerian Oil and Gas industry for sustainable growth The minister said the PIA 2021 had established a legal governance regulatory and fiscal framework for the petroleum industry host community development and associated matters It provides fiscal certainty improves regulations and incentives for investment including up to ten year tax vacations while guaranteeing better take for both government and private investors thereby balancing rewards with risk The PIA has set the foundation for a sustainable growth in the sector with the establishment of the Nigerian National Petroleum Company Limited NNPCL Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA and Nigerian Upstream Petroleum Regulatory Commission NUPRC he said This administration remains committed to ensure full implementation of these conceived reforms to foster efficiency and attract investments and development of supporting infrastructure along the oil and gas value chain as embedded in our policy aspirations for the sector The government has taken the necessary steps to sustainably implement and operationalize the PIA 2021 within the timelines stipulated in the Act he said To this end he said the government had inaugurated the steering committee which he chaired responsible for PIA implementation immediately after the PIA was signed into law Reflecting on the theme of the conference Nigeria s Oil and Gas Sector Reforms Results and the Road Ahead Sylva said the theme resonated the aspirations and commitment of President Buhari s government to reform the sector NewsSourceCredit NAN
    PIA to unlock investments in Nigeria’s oil, gas sector – Sylva
    General news2 weeks ago

    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, Results and the Road Ahead”.

    Sylva, in a statement on Thursday by his Senior Adviser (Media and Communications), Horatius Egua said Federal Government’s desire to inject life into the sector characterised by fiscal and operational challenges led to making proactive reforms a priority.

    The minister said the enactment of the PIA on Aug. 16, 2021 was a “watershed moment for the nation, the industry and all stakeholders.

    He said it signalled the beginning of a more conducive environment for investment, output, industrial and national growth, while also addressing legitimate grievances of resource host-communities most impacted by resource extraction operations.

    He said the PIA 2021, at full implementation, would create massive investment opportunities, improve transparency, attract investors, and reposition the Nigerian Oil and Gas industry for sustainable growth.

    The minister said the PIA 2021 had established a legal, governance, regulatory, and fiscal framework for the petroleum industry, host community development, and associated matters.

    “It provides fiscal certainty, improves regulations and incentives for investment, including up to ten-year tax vacations, while guaranteeing better take for both government and private investors, thereby balancing rewards with risk.

    “The PIA has set the foundation for a sustainable growth in the sector with the establishment of the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Nigerian Upstream Petroleum Regulatory Commission (NUPRC),” he said.

    “This administration remains committed to ensure full implementation of these conceived reforms to foster efficiency and attract investments and development of supporting infrastructure along the oil and gas value chain as embedded in our policy aspirations for the sector.

    “The government has taken the necessary steps to sustainably implement and operationalize the PIA 2021 within the timelines stipulated in the Act,” he said.

    To this end, he said the government had inaugurated the steering committee, which he chaired, responsible for PIA implementation immediately after the PIA was signed into law.

    Reflecting on the theme of the conference “Nigeria’s Oil and Gas Sector: Reforms, Results and the Road Ahead”, Sylva said the theme resonated the aspirations and commitment of President Buhari’s government to reform the sector.


    NewsSourceCredit: NAN

  •  The Nigerian Upstream Petroleum Regulations Commission NUPRC says it is at the final stage of gazetting and setting up fund under the Upstream Petroleum Decommissioning and Abandonment Regulations The NUPRC said the regulation would be gazetted in October adding that it was working towards meeting the timelines provided by the Petroleum Industry Act PIA 2022 Dr Joseph Tolorunse Commission Head of Compliance and Enforcement made this known on Wednesday in Abuja at the closing of its stakeholders engagement on regulations development as mandated by Section 216 of the PIA The fund under the Upstream Petroleum Decommissioning and Abandonment Regulations is to be set up within 18 months of the effective date of the PIA which will be expired by Feb 2023 In the next one month the regulation will be gazetted we are almost at the final stage of the regulation Tolorunse said The seven draft regulations being considered by the stakeholders engagement include Acreage Management Drilling and Production Regulations and Upstream Petroleum Environmental Regulations Others are Upstream Petroleum Environmental Remediation Fund Regulations Upstream Petroleum Safety Regulations Unitisation Regulations Upstream Petroleum Decommissioning and Abandonment Regulations and Frontier Exploration Fund Regulations According to him these regulations are broke out into three syndicate sections which witnessed robust inputs and constructive criticism He said the NUPRC said before finalising these regulations stakeholders engagement as provided by the PIA was needed to be done and that had been fulfilled We are not taking it lightly all the comments and inputs received as well as resolution reached will be incorporated into the regulations We are still going to look into those regulations we were unable to have convergence and when necessary we will call the stakeholders to discuss reasons why they should be taken on board or not In some instance the regulations provided for penalty and how contributions would be made in the development of the industry generally example the remediation fund regulations which enables contributions by companies to be channeled towards remediating the environment Definitely it will enhance the image of the company and the country at large in the area where they operate he said He commended the active participation of the Host Communities adding that their useful contributions would be considered seriously and also be reflected in the regulations The three day forum has in attendance officials from the oil and gas operators Chevron IPPG Indigenous and International Oil Companies and other stakeholders in the industry NewsSourceCredit NAN
    NUPRC to gazette upstream petroleum decommissioning, abandonment regulations October – Official
     The Nigerian Upstream Petroleum Regulations Commission NUPRC says it is at the final stage of gazetting and setting up fund under the Upstream Petroleum Decommissioning and Abandonment Regulations The NUPRC said the regulation would be gazetted in October adding that it was working towards meeting the timelines provided by the Petroleum Industry Act PIA 2022 Dr Joseph Tolorunse Commission Head of Compliance and Enforcement made this known on Wednesday in Abuja at the closing of its stakeholders engagement on regulations development as mandated by Section 216 of the PIA The fund under the Upstream Petroleum Decommissioning and Abandonment Regulations is to be set up within 18 months of the effective date of the PIA which will be expired by Feb 2023 In the next one month the regulation will be gazetted we are almost at the final stage of the regulation Tolorunse said The seven draft regulations being considered by the stakeholders engagement include Acreage Management Drilling and Production Regulations and Upstream Petroleum Environmental Regulations Others are Upstream Petroleum Environmental Remediation Fund Regulations Upstream Petroleum Safety Regulations Unitisation Regulations Upstream Petroleum Decommissioning and Abandonment Regulations and Frontier Exploration Fund Regulations According to him these regulations are broke out into three syndicate sections which witnessed robust inputs and constructive criticism He said the NUPRC said before finalising these regulations stakeholders engagement as provided by the PIA was needed to be done and that had been fulfilled We are not taking it lightly all the comments and inputs received as well as resolution reached will be incorporated into the regulations We are still going to look into those regulations we were unable to have convergence and when necessary we will call the stakeholders to discuss reasons why they should be taken on board or not In some instance the regulations provided for penalty and how contributions would be made in the development of the industry generally example the remediation fund regulations which enables contributions by companies to be channeled towards remediating the environment Definitely it will enhance the image of the company and the country at large in the area where they operate he said He commended the active participation of the Host Communities adding that their useful contributions would be considered seriously and also be reflected in the regulations The three day forum has in attendance officials from the oil and gas operators Chevron IPPG Indigenous and International Oil Companies and other stakeholders in the industry NewsSourceCredit NAN
    NUPRC to gazette upstream petroleum decommissioning, abandonment regulations October – Official
    General news2 weeks ago

    NUPRC to gazette upstream petroleum decommissioning, abandonment regulations October – Official

    The Nigerian Upstream Petroleum Regulations Commission (NUPRC) says it is at the final stage of gazetting and setting up fund under the Upstream Petroleum Decommissioning and Abandonment Regulations.

    The NUPRC said  the regulation would be gazetted in October, adding that it was working towards meeting the timelines provided by the Petroleum Industry Act (PIA) 2022. Dr Joseph Tolorunse, Commission Head of Compliance and Enforcement made this known on Wednesday in Abuja at the closing of its stakeholders’ engagement on regulations development as mandated by Section 216 of the PIA.

    “The fund under the Upstream Petroleum Decommissioning and Abandonment Regulations is to be set up within 18 months of the effective date of the PIA which will be expired by Feb. 2023. “In the next one month the regulation will be gazetted, we are almost at the final stage of the regulation,’’ Tolorunse said.

    The seven draft regulations being considered by the stakeholders’ engagement include Acreage Management (Drilling and Production) Regulations and Upstream Petroleum Environmental Regulations.

    Others are Upstream Petroleum Environmental Remediation Fund Regulations; Upstream Petroleum Safety Regulations; Unitisation Regulations; Upstream Petroleum Decommissioning and Abandonment Regulations and Frontier Exploration Fund Regulations.

    According to him, these regulations are broke out into three syndicate sections which witnessed robust inputs and constructive criticism.

    He said the NUPRC said before finalising these regulations, stakeholders’ engagement as provided by the PIA was needed to be done and that had been fulfilled.

    “We are not taking it lightly, all the comments and inputs received, as well as resolution reached will be incorporated into the regulations.

    “We are still going to look into those regulations we were unable to have convergence and when necessary we will call the stakeholders to discuss reasons  why they should be taken on board or not.

    “In some instance the regulations provided for penalty and how contributions would be made in the development of the industry generally, example:- the remediation fund regulations which enables contributions by companies to be channeled towards remediating the environment.

    “Definitely it will enhance the image of the company and the country at large in the area where they operate,’’ he said.

    He commended the active participation of the Host Communities, adding that their useful contributions would be considered seriously and also be reflected in the regulations.

    The three-day forum has in attendance officials from the oil and gas operators, Chevron, IPPG, Indigenous and International Oil Companies and other stakeholders in the industry.


    NewsSourceCredit: NAN

  •  The Nigerian Upstream Petroleum Regulations Commission NUPRC says it will ensure that regulations and key policies necessitated by the Petroleum Industry Act PIA 2021 are developed and gazetted The commission said this would enable the industry operators to align their operations with the PIA 2021 provisions as quickly as possible Mr Gbenga Komolafe Commission Chief Executive NUPRC said this on Monday in Abuja at the opening of second phase of its consultation with stakeholders on regulations development as mandated by Section 216 of the PIA The News Agency of Nigeria reports that the seven draft regulations to be considered include Acreage Management Drilling and Production Regulations and Upstream Petroleum Environmental Regulations Others are Upstream Petroleum Environmental Remediation Fund Regulations Upstream Petroleum Safety Regulations Unitisation Regulations Upstream Petroleum Decommissioning and Abandonment Regulations and Frontier Exploration Fund Regulations Komolafe represented by Capt John Tomla Executive Commissioner Health Safety Environment and Community NUPRC said that the consultation was in furtherance of the initial regulations reviewed in April He recalled that six draft regulations were presented for discussion in April during the first phase of its consultations with stakeholders which included Nigeria Upstream Petroleum Host Communities Development Regulations and Royalty Regulations Other regulations reviewed were Domestic Gas Delivery Obligation Regulations Nigeria Conversion and Renewal Licence and Lease Regulations Petroleum Licensing Round Regulations and Upstream Petroleum Fees and Rents Regulations He said that stakeholders inputs from the engagement were incorporated where necessary in the draft regulations which were forwarded to the Attorney General of the Federation and Minister of Justice for vetting legislative standardisation and approval According to him one of the regulations the Nigeria Upstream Petroleum Host Community Development Trust regulations has been gazetted while the remaining five have been finalised and ready for gazette Our commitment to create an enabling environment for growth and investments in the Upstream Oil and Gas industry in Nigeria has steered our focus towards working with all stakeholders he said He reiterated that the process of formulating the above regulations had been rigorous because they were products of critical evaluation and hard work by the commission s regulation development team and the Presidential Implementation Committee on PIA He called for robust and intellectual discussion on the regulations to come out with robust regulations with best international best standard Dr Joseph Tolorunse Commission Head of Compliance and Enforcement said that the forum served as an avenue to listen to stakeholders views on the regulations and secure their buy in which would determine PIA s implementation Tolorunse said for theory and practice of administrative rule making had poignantly shown that if regulation entities were part of regulations making compliance would be achieved by more than 100 per cent With this procedure of rulemaking it is believed that consensus will be built trust between the regulator and the regulated entities will improve and ultimately the regulations will be easier to implement and sustained The three day forum has in attendance officials from the oil and gas operators World Bank Indigenous and International Oil Companies and other stakeholders in the industry NewsSourceCredit NAN
    Commisson promises gazetting Petroleum Industry Act provisions Komolafe
     The Nigerian Upstream Petroleum Regulations Commission NUPRC says it will ensure that regulations and key policies necessitated by the Petroleum Industry Act PIA 2021 are developed and gazetted The commission said this would enable the industry operators to align their operations with the PIA 2021 provisions as quickly as possible Mr Gbenga Komolafe Commission Chief Executive NUPRC said this on Monday in Abuja at the opening of second phase of its consultation with stakeholders on regulations development as mandated by Section 216 of the PIA The News Agency of Nigeria reports that the seven draft regulations to be considered include Acreage Management Drilling and Production Regulations and Upstream Petroleum Environmental Regulations Others are Upstream Petroleum Environmental Remediation Fund Regulations Upstream Petroleum Safety Regulations Unitisation Regulations Upstream Petroleum Decommissioning and Abandonment Regulations and Frontier Exploration Fund Regulations Komolafe represented by Capt John Tomla Executive Commissioner Health Safety Environment and Community NUPRC said that the consultation was in furtherance of the initial regulations reviewed in April He recalled that six draft regulations were presented for discussion in April during the first phase of its consultations with stakeholders which included Nigeria Upstream Petroleum Host Communities Development Regulations and Royalty Regulations Other regulations reviewed were Domestic Gas Delivery Obligation Regulations Nigeria Conversion and Renewal Licence and Lease Regulations Petroleum Licensing Round Regulations and Upstream Petroleum Fees and Rents Regulations He said that stakeholders inputs from the engagement were incorporated where necessary in the draft regulations which were forwarded to the Attorney General of the Federation and Minister of Justice for vetting legislative standardisation and approval According to him one of the regulations the Nigeria Upstream Petroleum Host Community Development Trust regulations has been gazetted while the remaining five have been finalised and ready for gazette Our commitment to create an enabling environment for growth and investments in the Upstream Oil and Gas industry in Nigeria has steered our focus towards working with all stakeholders he said He reiterated that the process of formulating the above regulations had been rigorous because they were products of critical evaluation and hard work by the commission s regulation development team and the Presidential Implementation Committee on PIA He called for robust and intellectual discussion on the regulations to come out with robust regulations with best international best standard Dr Joseph Tolorunse Commission Head of Compliance and Enforcement said that the forum served as an avenue to listen to stakeholders views on the regulations and secure their buy in which would determine PIA s implementation Tolorunse said for theory and practice of administrative rule making had poignantly shown that if regulation entities were part of regulations making compliance would be achieved by more than 100 per cent With this procedure of rulemaking it is believed that consensus will be built trust between the regulator and the regulated entities will improve and ultimately the regulations will be easier to implement and sustained The three day forum has in attendance officials from the oil and gas operators World Bank Indigenous and International Oil Companies and other stakeholders in the industry NewsSourceCredit NAN
    Commisson promises gazetting Petroleum Industry Act provisions Komolafe
    General news3 weeks ago

    Commisson promises gazetting Petroleum Industry Act provisions Komolafe

    The Nigerian Upstream Petroleum Regulations Commission (NUPRC) says it will ensure that regulations and key policies necessitated by the Petroleum Industry Act (PIA) 2021 are developed and gazetted.

    The commission said this would enable the industry operators to align their operations with the PIA 2021 provisions as quickly as possible.

    Mr Gbenga Komolafe, Commission Chief Executive, NUPRC, said this on Monday in Abuja at the opening of second phase of its consultation with stakeholders on regulations development as mandated by Section 216 of the PIA.

    The News Agency of Nigeria reports that the seven draft regulations to be considered include Acreage Management (Drilling and Production) Regulations and Upstream Petroleum Environmental Regulations.

    Others are Upstream Petroleum Environmental Remediation Fund Regulations; Upstream Petroleum Safety Regulations; Unitisation Regulations; Upstream Petroleum Decommissioning and Abandonment Regulations and Frontier Exploration Fund Regulations.

    Komolafe, represented by Capt. John Tomla, Executive Commissioner, Health, Safety, Environment and Community, NUPRC, said that the consultation was in furtherance of the initial regulations reviewed in April.

    He recalled that six draft regulations were presented for discussion in April during the first phase of its consultations with stakeholders which included Nigeria Upstream Petroleum Host Communities Development Regulations and Royalty Regulations.

    Other regulations reviewed were Domestic Gas Delivery Obligation Regulations; Nigeria Conversion and Renewal (Licence and Lease) Regulations; Petroleum Licensing Round Regulations and Upstream Petroleum Fees and Rents Regulations.

    He said that stakeholders’ inputs from the engagement were incorporated where necessary, in the draft regulations which were forwarded to the Attorney General of the Federation and Minister of Justice for vetting, legislative standardisation and approval.

    According to him, one of the regulations, the Nigeria Upstream Petroleum Host Community Development Trust regulations, has been gazetted while the remaining five have been finalised and ready for gazette.

    “Our commitment to create an enabling environment for growth and investments in the Upstream Oil and Gas industry in Nigeria has steered our focus towards working with all stakeholders,’’ he said.

    He reiterated that the process of formulating the above regulations had been rigorous because they were products of critical evaluation and hard work by the commission’s regulation development team and the Presidential Implementation Committee on PIA.

    He called for robust and intellectual discussion on the regulations to come out with robust regulations with best international best standard.

    Dr Joseph Tolorunse, Commission Head of Compliance and Enforcement, said that the forum served as an avenue to listen to stakeholders’ views on the regulations and secure their buy-in which would determine PIA’s implementation.

    Tolorunse said for theory and practice of administrative rule making had poignantly shown that if regulation entities were part of regulations making, compliance would be achieved by more than 100 per cent.

    “With this procedure of rulemaking, it is believed that consensus will be built, trust between the regulator and the regulated entities will improve and ultimately the regulations will be easier to implement and sustained.

    The three-day forum has in attendance officials from the oil and gas operators, World Bank, Indigenous and International Oil Companies and other stakeholders in the industry.


    NewsSourceCredit: NAN

  •   Stakeholders stress need to end oil theft Stakeholders stress need to end oil theft Bunkering By Reporters Port Harcourt Sept 15 2023 Critical takeholders have underscored the need to tackle illegal oil bunkering in the Niger Delta lamenting that the country s revenue is dwindling drastically due to the activities of oil thieves The stakeholders who spoke in separate interviews with the News Agency of Nigeria in some of the South South states described oil theft as disastrous to Nigeria s economy and environment They avocated the use of technology to track the movement of the stolen oil to foreign destinations saying that the quantity taken to such countries constituted the major loss in Nigeria s oil sector The respondents are of the opinion that Nigeria should collaborate with governments of the countries where the stolen crude is taken to so as to effectively check the economic crime An Uyo base policy analyst and social commentator Mr Tijah Bolton Akpan said that Nigeria lacked modern stock taking technology for oil sector operations According to him the nation is unable to quantify the amount of crude lost to illegal bunkering There is artisanal crude theft and there is also industry level theft by international criminals with the support of local collaborators There is urgent need to identify these unpatriotic local collaborators within the oil and gas industry security agencies and other sectors and deal with them decisively We can track the quantity of crude theft if we have the technology to detect where crude is being intercepted he said Bolton Akpan the Chief Executive Officer Policy Alert said that Nigeria s export earning was 80 per cent dependent on oil and interruptions in oil production and sales had affected the nation s ability to deliver social services The situation has created a twin revenue and debt crisis worsened by the exchange rate challenge and deepening inflation When oil facilities are compromised for theft the environment is polluted social security is challenged and the affected communities become volatile he said He urged the Federal Government to strengthen cooperation with governments of the countries where Nigeria s stolen crude is taken to in order to check the crime Some of the stolen crude is moved to foreign destinations for refining An effective cooperation will expose the criminals The country should also take the security of oil facilities seriously We are not serious about securing our oil facilities he said Dr Goodnews Aniete an environmentalist and public health advocate also based in Uyo said the activities of illegal oil thieves did not affect only the economy Aniete said the activity had hugely threatened public health in the south south due to the emission of carbons into the air through illegal refining In trying to illegally tap crude from pipelines the oil thieves have spilled a large quantity thereby damaging the environment In some communities the flora and fauna have been damaged Some species of aquatic lives have been exterminated We should work as a people to tackle this monster It does no good to the society he said He also urged government to deploy appropriate technology to monitor the amount of crude stolen from Nigeria and the countries they were taken to Aniete further stated that the greed of a few unpatriotic individuals should not override the need to protect public health He said that residents of communities where illegal oil refineries were located were at a huge risk of possible health challenge and should cooperate with security agencies to bring the perpetrators to book The health implication may not become immediately manifest but the effect will surely come later in life he said However the Nigeria and Security and Civil Defense Corps NSCDC says it employs tactics to effectively tackle oil theft and related crimes in the Niger Delta The Commandant of the corps in Akwa Ibom Mr Suleiman Mafara told NAN that the command had created strategic checkpoints to stop and search vehicles conveying petroleum products in the state Mafara said that to tackle those transporting illegally refined petroleum products the command had ensured that only genuine products entered and left Akwa Ibom Akwa Ibom is largely a transit state the measure has proven effective in checking and curtailing the illegal activities Vehicles including trucks conveying petroleum products without authentic waybills from authorised depot s and tank farms are impounded and suspects arrested he said He said that the command was synergising and collaborating with other critical stakeholders in the oil and gas industry as well as sister security agencies to tackle the crime Mafara said the Nigeria Union of Petroleum and Natural Gas Workers NUPE and the Independent Petroleum Marketers Association of Nigeria IPMAN had helped the command to identify and arrest those conveying petroleum products with falsified documents Our personnel work with IPMAN DPR and NUPENG to verify genuine waybills while bearers of falsified ones are arrested and their trucks impounded Intelligence has played a major role in the corp s arresting bursting of illegal refineries and prevention of pipeline vandalism he said Mafara charged all field intelligence officers to intensify efforts and work with their informants to generate timely and actionable intelligence that would help combat the menace He said that prosecution and securing conviction of arrested oil thieves was expected to serve as a deterrent to potential criminals The comandant noted that the challenges of fighting oil theft and pipeline vandalism in Akwa Ibom differed from what obtained in other Niger Delta states Over 85 per cent of the oil explored in Akwa Ibom is in the high sea which is mainly operated by ExxonMobil via QIT terminal The corps has a lot of personnel within and around the facility offering 24 hour protection for the pipelines and operation generally he said He said NSCDC in Akwa Ibom was committed to fighting illegal oil bunkering which was inimical to the environment and economy The commandant said that the collateral implications of illegal oil bunkering on the society could not be quantified We are prepared to play our roles We urge the public to support us with reliable intelligence he added On his part the Chairman IPMAN Rivers chapter Mr Joseph Obele also said in Port Harcourt that the country lost crude to illegal refiners who burst pipelines to access it He equally said greater quantity of crude was lost to international theives aided by corrupt officials in the oil and gas industry to steal the product Obele however expressed hope that speedy implementation of the Petroleum Industry Act PIA would help to check the trend Attributing oil theft in the Niger Delta to deprivation faced by the region he urged the federal government to ensure speedy implementation of the PIA which appropriates 3 per cent equity to oil producing communities According to the IPMAN chairman until indigenes of the region begin to own commensurate stakes in the oil and gas economy the challenge of oil theft will linger The lecturer in the Department of Business and Entrepreneurship Rivers State Polytechnique said corrupt officials in the sector always remained silent whenever issues of oil theft was discussed According to him the bulk of theft around the oil sector happens in cooperate offices He urged oil bearing communities to adequately support security agencies in their mandate to protect oil facilities and expose acts of sabotage in the industry In Etche community Mr Charles Utong a fisherman also said that crude oil theft had negatively impacted on fishing and other aquatic lives in the area thereby lowering the local economy He urged government to ensure adequate pipeline survivance and environmental implementation of conservation policies that would protect aquatic lives and sustain fishing livelihood Also Mr Sam Etengung a leader in the community said there was need to stop illegal oil bunkering in the Niger Delta to improve the country s revenue and protect the region s environment Government has a lot to do oil producing communities and other stakeholders need to check oil theft Government has to meet with the communities as these activities are usually linked to youths in the communities These youths have often alleged negligence by oil companies and lack of social infrastructure by government he said He also said that even the local women now chose to do illicit crude oil trade rather than conventional fishing and farming However Mr Erastus Awortu Chairman Andoni Local Government Area of the state has commended Rivers government for its efforts to ending illegal oil bunkery in the state He said that the state government through the supervision of the security agencies and local government chairmen had stepped up actions towards ending the crime NewsSourceCredit NAN
    Stakeholders stress need to end oil theft
      Stakeholders stress need to end oil theft Stakeholders stress need to end oil theft Bunkering By Reporters Port Harcourt Sept 15 2023 Critical takeholders have underscored the need to tackle illegal oil bunkering in the Niger Delta lamenting that the country s revenue is dwindling drastically due to the activities of oil thieves The stakeholders who spoke in separate interviews with the News Agency of Nigeria in some of the South South states described oil theft as disastrous to Nigeria s economy and environment They avocated the use of technology to track the movement of the stolen oil to foreign destinations saying that the quantity taken to such countries constituted the major loss in Nigeria s oil sector The respondents are of the opinion that Nigeria should collaborate with governments of the countries where the stolen crude is taken to so as to effectively check the economic crime An Uyo base policy analyst and social commentator Mr Tijah Bolton Akpan said that Nigeria lacked modern stock taking technology for oil sector operations According to him the nation is unable to quantify the amount of crude lost to illegal bunkering There is artisanal crude theft and there is also industry level theft by international criminals with the support of local collaborators There is urgent need to identify these unpatriotic local collaborators within the oil and gas industry security agencies and other sectors and deal with them decisively We can track the quantity of crude theft if we have the technology to detect where crude is being intercepted he said Bolton Akpan the Chief Executive Officer Policy Alert said that Nigeria s export earning was 80 per cent dependent on oil and interruptions in oil production and sales had affected the nation s ability to deliver social services The situation has created a twin revenue and debt crisis worsened by the exchange rate challenge and deepening inflation When oil facilities are compromised for theft the environment is polluted social security is challenged and the affected communities become volatile he said He urged the Federal Government to strengthen cooperation with governments of the countries where Nigeria s stolen crude is taken to in order to check the crime Some of the stolen crude is moved to foreign destinations for refining An effective cooperation will expose the criminals The country should also take the security of oil facilities seriously We are not serious about securing our oil facilities he said Dr Goodnews Aniete an environmentalist and public health advocate also based in Uyo said the activities of illegal oil thieves did not affect only the economy Aniete said the activity had hugely threatened public health in the south south due to the emission of carbons into the air through illegal refining In trying to illegally tap crude from pipelines the oil thieves have spilled a large quantity thereby damaging the environment In some communities the flora and fauna have been damaged Some species of aquatic lives have been exterminated We should work as a people to tackle this monster It does no good to the society he said He also urged government to deploy appropriate technology to monitor the amount of crude stolen from Nigeria and the countries they were taken to Aniete further stated that the greed of a few unpatriotic individuals should not override the need to protect public health He said that residents of communities where illegal oil refineries were located were at a huge risk of possible health challenge and should cooperate with security agencies to bring the perpetrators to book The health implication may not become immediately manifest but the effect will surely come later in life he said However the Nigeria and Security and Civil Defense Corps NSCDC says it employs tactics to effectively tackle oil theft and related crimes in the Niger Delta The Commandant of the corps in Akwa Ibom Mr Suleiman Mafara told NAN that the command had created strategic checkpoints to stop and search vehicles conveying petroleum products in the state Mafara said that to tackle those transporting illegally refined petroleum products the command had ensured that only genuine products entered and left Akwa Ibom Akwa Ibom is largely a transit state the measure has proven effective in checking and curtailing the illegal activities Vehicles including trucks conveying petroleum products without authentic waybills from authorised depot s and tank farms are impounded and suspects arrested he said He said that the command was synergising and collaborating with other critical stakeholders in the oil and gas industry as well as sister security agencies to tackle the crime Mafara said the Nigeria Union of Petroleum and Natural Gas Workers NUPE and the Independent Petroleum Marketers Association of Nigeria IPMAN had helped the command to identify and arrest those conveying petroleum products with falsified documents Our personnel work with IPMAN DPR and NUPENG to verify genuine waybills while bearers of falsified ones are arrested and their trucks impounded Intelligence has played a major role in the corp s arresting bursting of illegal refineries and prevention of pipeline vandalism he said Mafara charged all field intelligence officers to intensify efforts and work with their informants to generate timely and actionable intelligence that would help combat the menace He said that prosecution and securing conviction of arrested oil thieves was expected to serve as a deterrent to potential criminals The comandant noted that the challenges of fighting oil theft and pipeline vandalism in Akwa Ibom differed from what obtained in other Niger Delta states Over 85 per cent of the oil explored in Akwa Ibom is in the high sea which is mainly operated by ExxonMobil via QIT terminal The corps has a lot of personnel within and around the facility offering 24 hour protection for the pipelines and operation generally he said He said NSCDC in Akwa Ibom was committed to fighting illegal oil bunkering which was inimical to the environment and economy The commandant said that the collateral implications of illegal oil bunkering on the society could not be quantified We are prepared to play our roles We urge the public to support us with reliable intelligence he added On his part the Chairman IPMAN Rivers chapter Mr Joseph Obele also said in Port Harcourt that the country lost crude to illegal refiners who burst pipelines to access it He equally said greater quantity of crude was lost to international theives aided by corrupt officials in the oil and gas industry to steal the product Obele however expressed hope that speedy implementation of the Petroleum Industry Act PIA would help to check the trend Attributing oil theft in the Niger Delta to deprivation faced by the region he urged the federal government to ensure speedy implementation of the PIA which appropriates 3 per cent equity to oil producing communities According to the IPMAN chairman until indigenes of the region begin to own commensurate stakes in the oil and gas economy the challenge of oil theft will linger The lecturer in the Department of Business and Entrepreneurship Rivers State Polytechnique said corrupt officials in the sector always remained silent whenever issues of oil theft was discussed According to him the bulk of theft around the oil sector happens in cooperate offices He urged oil bearing communities to adequately support security agencies in their mandate to protect oil facilities and expose acts of sabotage in the industry In Etche community Mr Charles Utong a fisherman also said that crude oil theft had negatively impacted on fishing and other aquatic lives in the area thereby lowering the local economy He urged government to ensure adequate pipeline survivance and environmental implementation of conservation policies that would protect aquatic lives and sustain fishing livelihood Also Mr Sam Etengung a leader in the community said there was need to stop illegal oil bunkering in the Niger Delta to improve the country s revenue and protect the region s environment Government has a lot to do oil producing communities and other stakeholders need to check oil theft Government has to meet with the communities as these activities are usually linked to youths in the communities These youths have often alleged negligence by oil companies and lack of social infrastructure by government he said He also said that even the local women now chose to do illicit crude oil trade rather than conventional fishing and farming However Mr Erastus Awortu Chairman Andoni Local Government Area of the state has commended Rivers government for its efforts to ending illegal oil bunkery in the state He said that the state government through the supervision of the security agencies and local government chairmen had stepped up actions towards ending the crime NewsSourceCredit NAN
    Stakeholders stress need to end oil theft
    General news3 weeks ago

    Stakeholders stress need to end oil theft

    Stakeholders stress need to end oil theft Stakeholders stress need to end oil theft Bunkering By Reporters Port Harcourt, Sept. 15, 2023 Critical takeholders have underscored the need to tackle illegal oil bunkering in the Niger Delta, lamenting that the country’s revenue is dwindling drastically due to the activities of oil thieves.

    The stakeholders who spoke in separate interviews with the News Agency of Nigeria in some of the South-South states, described oil theft as disastrous to Nigeria’s economy and environment.

    They avocated the use of technology to track the movement of the stolen oil to foreign destinations, saying that the quantity taken to such countries constituted the major loss in Nigeria’s oil sector.

    The respondents are of the opinion that Nigeria should collaborate with governments of the countries where the stolen crude is taken to, so as to effectively check the economic crime.

    An Uyo-base policy analyst and social commentator, Mr Tijah Bolton-Akpan, said that Nigeria lacked modern stock taking technology for oil sector operations.

    According to him, the nation is unable to quantify the amount of crude lost to illegal bunkering.

    ”There is artisanal crude theft and there is also industry level theft by international criminals with the support of local collaborators.

    “There is urgent need to identify these unpatriotic local collaborators within the oil and gas industry, security agencies and other sectors and deal with them decisively.

    ”We can track the quantity of crude theft if we have the technology to detect where crude is being intercepted,” he said.

    Bolton-Akpan, the Chief Executive Officer, Policy Alert, said that Nigeria’s export earning was 80 per cent dependent on oil, and interruptions in oil production and sales had affected the nation’s ability to deliver social services.

    ”The situation has created a twin revenue and debt crisis, worsened by the exchange rate challenge and deepening inflation.

    ”When oil facilities are compromised for theft the environment is polluted, social security is challenged and the affected communities become volatile,” he said.

    He urged the Federal Government to strengthen cooperation with governments of the countries where Nigeria’s stolen crude is taken to, in order to check the crime .

    ”Some of the stolen crude is moved to foreign destinations for refining.

    An effective cooperation will expose the criminals.

    ”The country should also take the security of oil facilities seriously.

    We are not serious about securing our oil facilities,” he said.

    Dr Goodnews Aniete, an environmentalist and public health advocate also based in Uyo, said the activities of illegal oil thieves did not affect only the economy.

    Aniete said the activity had hugely threatened public health in the south-south due to the emission of carbons into the air, through illegal refining.

    ”In trying to illegally tap crude from pipelines, the oil thieves have spilled a large quantity thereby damaging the environment.

    ”In some communities, the flora and fauna have been damaged.

    Some species of aquatic lives have been exterminated.

    ”We should work as a people to tackle this monster.

    It does no good to the society,” he said.

    He also urged government to deploy appropriate technology to monitor the amount of crude stolen from Nigeria and the countries they were taken to.

    Aniete further stated that the greed of a few unpatriotic individuals should not override the need to protect public health.

    He said that residents of communities where illegal oil refineries were located were at a huge risk of possible health challenge and should cooperate with security agencies to bring the perpetrators to book.

    ”The health implication may not become immediately manifest but the effect will surely come later in life,” he said.

    However, the Nigeria and Security and Civil Defense Corps (NSCDC) says it employs tactics to effectively tackle oil theft and related crimes in the Niger Delta.

    .

    The Commandant of the corps in Akwa Ibom, Mr Suleiman Mafara, told NAN that the command had created strategic checkpoints to stop and search vehicles conveying petroleum products in the state.

    Mafara said that to tackle those transporting illegally refined petroleum products, the command had ensured that only genuine products entered and left Akwa Ibom. “Akwa Ibom is largely a transit state, the measure has proven effective in checking and curtailing the illegal activities.

    “Vehicles, including trucks conveying petroleum products without authentic waybills from authorised depot’s and tank farms are impounded and suspects arrested,” he said.

    He said that the command was synergising and collaborating with other critical stakeholders in the oil and gas industry as well as sister security agencies to tackle the crime.

    Mafara said the Nigeria Union of Petroleum and Natural Gas Workers (NUPE and the Independent Petroleum Marketers Association of Nigeria (IPMAN), had helped the command to identify and arrest those conveying petroleum products with falsified documents.

    “Our personnel work with IPMAN, DPR and NUPENG to verify genuine waybills, while bearers of falsified ones are arrested and their trucks impounded.

    “Intelligence has played a major role in the corp’s arresting, bursting of illegal refineries and prevention of pipeline vandalism,” he said.

    Mafara charged all field intelligence officers to intensify efforts and work with their informants to generate timely and actionable intelligence that would help combat the menace.

    He said that prosecution and securing conviction of arrested oil thieves was expected to serve as a deterrent to potential criminals.

    The comandant noted that the challenges of fighting oil theft and pipeline vandalism in Akwa Ibom differed from what obtained in other Niger Delta states.

    “Over 85 per cent of the oil explored in Akwa Ibom is in the high sea which is mainly operated by ExxonMobil via QIT terminal.

    “The corps has a lot of personnel within and around the facility offering 24-hour protection for the pipelines and operation generally,” he said.

    He said NSCDC in Akwa Ibom was committed to fighting illegal oil bunkering which was inimical to the environment and economy.

    The commandant said that the collateral implications of illegal oil bunkering on the society could not be quantified.

    ”We are prepared to play our roles.

    We urge the public to support us with reliable intelligence,” he added.

    On his part, the Chairman, IPMAN, Rivers chapter, Mr Joseph Obele, also said in Port Harcourt that the country lost crude to illegal refiners who burst pipelines to access it.

    He equally said greater quantity of crude was lost to international theives aided by corrupt officials in the oil and gas industry to steal the product.

    Obele however expressed hope that speedy implementation of the Petroleum Industry Act (PIA) would help to check the trend.

    Attributing oil theft in the Niger Delta to deprivation faced by the region, he urged the federal government to ensure speedy implementation of the PIA which appropriates 3 per cent equity to oil producing communities.

    According to the IPMAN chairman, until indigenes of the region begin to own commensurate stakes in the oil and gas economy, the challenge of oil theft will linger.

    The lecturer in the Department of Business and Entrepreneurship, Rivers State Polytechnique, said corrupt officials in the sector always remained silent whenever issues of oil theft was discussed.

    According to him, the bulk of theft around the oil sector happens in cooperate offices.

    He urged oil bearing communities to adequately support security agencies in their mandate to protect oil facilities and expose acts of sabotage in the industry.

    In Etche community, Mr Charles Utong, a fisherman also said that crude oil theft had negatively impacted on fishing and other aquatic lives in the area thereby lowering the local economy.

    He urged government to ensure adequate pipeline survivance and environmental implementation of conservation policies that would protect aquatic lives and sustain fishing livelihood.

    Also, Mr Sam Etengung, a leader in the community, said there was need to stop illegal oil bunkering in the Niger Delta to improve the country’s revenue and protect the region’s environment.

    “Government has a lot to do; oil producing communities and other stakeholders need to check oil theft.

    “Government has to meet with the communities as these activities are usually linked to youths in the communities.

    “These youths have often alleged negligence by oil companies and lack of social infrastructure by government,” he said.

    He also said that even the local women now chose to do illicit crude oil trade rather than conventional fishing and farming.

    However, Mr Erastus Awortu, Chairman, Andoni Local Government Area of the state has commended Rivers government for its efforts to ending illegal oil bunkery in the state.

    He said that the state government, through the supervision of the security agencies and local government chairmen, had stepped up actions towards ending the crime.


    NewsSourceCredit: NAN

  •   Nigeria due for EITI validation 2023 NEITI Validation By Emmanuella Anokam Abuja Sept 13 2023 The Nigeria Extractive Industries Transparency Initiative NEITI has begun national sensitisation to deepen stakeholders engagement for validation of Nigeria s compliance to the Extractive Industries Transparency Initiative EITI standard Nigeria is due for the global validation in Jan 2023 Dr Ogbonanya Orji Executive Secretary NEITI said on Tuesday in Abuja at its Civil Society Organisations CSOs and media engagement on EITI validation said it would be conducted using 2019 EITI standard The News Agency of Nigeria reports that EITI sets global standard for contract transparency in the extractive industries to make natural resources benefit all and strengthen governance EITI validation which is conducted every three years is a quality assurance mechanism to ascertain level of compliance and progress in implementing its standards among member countries including Nigeria Orji recalled that on Feb 27 2019 EITI board proclaimed that Nigeria made satisfactory progress over its implementation of its standard after undergoing rigorous validation at the time under the 2016 EITI standard Orji said it implied that Nigeria was due for another round of validation in Feb 2022 but due to scheduling issues the global body shifted the date to Jan 2023 According to him NEITI is only a platform to guide Nigeria s assessment and had since swung into action to prepare Nigeria for this global governance exercise in the oil gas and mining sectors He said NEITI had developed a plan of action to prepare other stakeholders including its staff and board for the exercise based on what Nigeria had accomplished as EITI member country during the period under review The NEITI management team had undergone training on the new validation model and constituted two separate committees the Validation Committee and Shadow Validation Committee The validation Committee is made up of the National Stakeholders Working Group NSWG with the Secretariat currently providing technical support Nigeria through NEITI is therefore ready to show case outstanding accomplishments which the EITI implementation has made possible in Nigeria s extractive sector reform he said He listed some of the milestones achieved by in Nigeria to include up to date regular reporting as well as available political will They also include government support and strong partnership with the legislature on the Petroleum Industry Act PIA implementation He listed others as the unbundling of NNPC and its becoming EITI supporting company publishing of Annual Financial Reports as well as strong CSOs partnership based on MoU Others according to him are promotion and preservation of civic space NEITI Companies Forum increasing demand easy access and availability of verified information and data in the public domain In a remark Mr Peter Egbule Member NSWG and Communications and Civil Society Steering Committee said though validation process had started internally the team from EITI Secretariat would be Nigeria in November 2022 to asses Nigeria s readiness He emphasised the need for Nigeria to improve on its engagement for interaction with the international body Dr Dieter Bassi Director Technical NEITI also highlighted some requirements under the EITI 2019 standard Bassi said the standard required oversight by NSWG disclosures of information related to exploration production and export legal framework fiscal regime and comprehensive disclosures of companies revenues NewsSourceCredit NAN
    Nigeria due for EITI validation 2023 – NEITI
      Nigeria due for EITI validation 2023 NEITI Validation By Emmanuella Anokam Abuja Sept 13 2023 The Nigeria Extractive Industries Transparency Initiative NEITI has begun national sensitisation to deepen stakeholders engagement for validation of Nigeria s compliance to the Extractive Industries Transparency Initiative EITI standard Nigeria is due for the global validation in Jan 2023 Dr Ogbonanya Orji Executive Secretary NEITI said on Tuesday in Abuja at its Civil Society Organisations CSOs and media engagement on EITI validation said it would be conducted using 2019 EITI standard The News Agency of Nigeria reports that EITI sets global standard for contract transparency in the extractive industries to make natural resources benefit all and strengthen governance EITI validation which is conducted every three years is a quality assurance mechanism to ascertain level of compliance and progress in implementing its standards among member countries including Nigeria Orji recalled that on Feb 27 2019 EITI board proclaimed that Nigeria made satisfactory progress over its implementation of its standard after undergoing rigorous validation at the time under the 2016 EITI standard Orji said it implied that Nigeria was due for another round of validation in Feb 2022 but due to scheduling issues the global body shifted the date to Jan 2023 According to him NEITI is only a platform to guide Nigeria s assessment and had since swung into action to prepare Nigeria for this global governance exercise in the oil gas and mining sectors He said NEITI had developed a plan of action to prepare other stakeholders including its staff and board for the exercise based on what Nigeria had accomplished as EITI member country during the period under review The NEITI management team had undergone training on the new validation model and constituted two separate committees the Validation Committee and Shadow Validation Committee The validation Committee is made up of the National Stakeholders Working Group NSWG with the Secretariat currently providing technical support Nigeria through NEITI is therefore ready to show case outstanding accomplishments which the EITI implementation has made possible in Nigeria s extractive sector reform he said He listed some of the milestones achieved by in Nigeria to include up to date regular reporting as well as available political will They also include government support and strong partnership with the legislature on the Petroleum Industry Act PIA implementation He listed others as the unbundling of NNPC and its becoming EITI supporting company publishing of Annual Financial Reports as well as strong CSOs partnership based on MoU Others according to him are promotion and preservation of civic space NEITI Companies Forum increasing demand easy access and availability of verified information and data in the public domain In a remark Mr Peter Egbule Member NSWG and Communications and Civil Society Steering Committee said though validation process had started internally the team from EITI Secretariat would be Nigeria in November 2022 to asses Nigeria s readiness He emphasised the need for Nigeria to improve on its engagement for interaction with the international body Dr Dieter Bassi Director Technical NEITI also highlighted some requirements under the EITI 2019 standard Bassi said the standard required oversight by NSWG disclosures of information related to exploration production and export legal framework fiscal regime and comprehensive disclosures of companies revenues NewsSourceCredit NAN
    Nigeria due for EITI validation 2023 – NEITI
    General news3 weeks ago

    Nigeria due for EITI validation 2023 – NEITI

    Nigeria due for EITI validation 2023 – NEITI   Validation By Emmanuella Anokam Abuja, Sept. 13, 2023 The Nigeria Extractive Industries Transparency Initiative (NEITI) has begun national sensitisation to deepen stakeholders’ engagement for validation of Nigeria’s compliance to the Extractive Industries Transparency Initiative (EITI) standard.

    Nigeria is due for the global validation in Jan. 2023. Dr Ogbonanya Orji, Executive Secretary, NEITI said on Tuesday in Abuja at its Civil Society Organisations (CSOs) and media engagement on EITI validation said it would be conducted using 2019 EITI standard.

    The News Agency of Nigeria reports that EITI sets global standard for contract transparency in the extractive industries to make natural resources benefit all and strengthen governance.

    EITI validation, which is conducted every three years is a quality assurance mechanism to ascertain level of compliance and progress in implementing its standards among member countries, including Nigeria.

    Orji recalled that on Feb. 27, 2019, EITI board proclaimed that Nigeria made “satisfactory progress” over its implementation of its standard after undergoing rigorous validation at the time under the 2016 EITI standard.

    Orji said it implied that Nigeria was due for another round of validation in Feb. 2022, but due to scheduling issues, the global body shifted the date to Jan. 2023. According to him, NEITI is only a platform to guide Nigeria’s assessment and had since swung into action to prepare Nigeria for this global governance exercise in the oil, gas and mining sectors.

    He said NEITI had developed a plan of action to prepare other stakeholders including its staff and board for the exercise based on what Nigeria had accomplished as EITI member country during the period under review.

    “The NEITI management team had undergone training on the new validation model and constituted two separate committees -the Validation Committee and Shadow Validation Committee.

    “The validation Committee is made up of the National Stakeholders Working Group (NSWG) with the Secretariat currently providing technical support.

    “Nigeria through NEITI is therefore ready to show case outstanding accomplishments which the EITI implementation has made possible in Nigeria’s extractive sector reform,” he said.

    He listed some of the milestones achieved by in Nigeria to include up to date regular reporting, as well as available political will.

    They also include government support and strong partnership with the legislature on the Petroleum Industry Act (PIA) implementation.

    He listed others as the unbundling of NNPC and its becoming EITI supporting company, publishing of Annual Financial Reports as well as strong CSOs partnership based on MoU.

    Others, according to him are promotion and preservation of civic space, NEITI- Companies’ Forum, increasing demand, easy access and availability of verified information and data in the public domain.

    In a remark, Mr Peter Egbule, Member, NSWG and Communications and Civil Society Steering Committee said though validation process had started internally, the team from EITI Secretariat would be Nigeria in November 2022 to asses Nigeria’s readiness.

    He emphasised the need for Nigeria to improve on its engagement for interaction with the international body.

    Dr Dieter Bassi, Director, Technical, NEITI also highlighted some requirements under the EITI 2019 standard.

    Bassi said the standard required oversight by NSWG, disclosures of information related to exploration, production and export, legal framework, fiscal regime and comprehensive disclosures of companies revenues.


    NewsSourceCredit: NAN