Latest from the Commission
PIA implementation begins next year
19 August 2021 - The Federal Government embargoed implementation of the Petroleum Industry Act (PIA) till August 2022. President Muhammadu Buhari gave this hint when he inaugurated a steering committee to oversee the process yesterday. Unveiling members of the steering committee, President Buhari said it has a 12 months duration…
President Muhammadu Buhari signed the Petroleum Industry Bill, PIB, 2021 into law
16 August 2021 - Buhari signs PIB into law President Muhammadu Buhari signed the Petroleum Industry Bill, PIB, 2021 into law. The Petroleum Industry Act provides a legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters.
Oil Spillages: After 31 Years of Legal Battles Shell Agrees to Pay Ogoni N46bn
Shell Petroleum Development Company of Nigeria (SPDC), finally agreed to pay compensation for oil spillages in the Ogoni community of Rivers State, to the tune of N45.9 billion ($88,269,230.77), after over 31 years of legal battles.
