The Petroleum Industry Bill (PIB) is viewed by some as the stork in petroleum industry reform. Holistic examination of the industry provided indisputable evidence that corruption was, and is responsible for the cycle of failures, inefficiencies and capacity shortages plaguing the industry. For the PIB to attain its said objectives of promoting a viable and sustainable petroleum industry in Nigeria and hence national development, policymakers must take into consideration the UK Bribery Act.

The Nigerian National Petroleum Corporation, NNPC, has decried the unending incidence of pipeline hacking and product theft which is currently posing great danger to the efficient distribution and supply of petroleum products in some parts of the country.

Doubling current production output within three years is not an easy task for any company, more so in an environment of sweeping industry reforms, and the Nigerian Petroleum Development Company, NPDC, knows this better than any other company.

Chevron Nigeria Limited, CNL, may have backed down on its refusal to recognize two of the six names on the list of classification societies recently approved by the Nigerian Maritime Administration and Safety Agency (NIMASA)

… Zungeru project to add 700WM
The Minister of State for Power, Hajiya Zainab Ibrahim, has said the ministry will undergo some restructuring in the New Year in order to streamline and enhance operational effectiveness.