Oil Giant Criticises Nigeria's New Petroleum Industry Bill
The Shell Group has declared that the draft Petroleum Industry Bill will frustrate current investments in Nigeria's oil and gas industry and impede on the ability to meet set targets on power generation.
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Nigeria: Shell Faults New Petroleum Industry Bill
This Day, 25 September 2012
Despite the widely-held view that the new draft Petroleum Industry Bill (PIB) has addressed all the contentious areas that stalled the passage of the previous bill, the Managing ... read more »
Shell oil truck
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Nigeria: PIB's Lopsided, Unattractive - Shell
Vanguard, 24 September 2012
The Shell Group has declared that the draft Petroleum Industry Bill, PIB, before the National Assembly, is not only lopsided, but will also frustrate current investments in ... read more »
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Nigeria: New PIB Shallow - Senator Lee Meeba
Daily Trust, 24 September 2012
Former Chairman of the Senate Committee on Upstream, Senator Lee Meeba has described the new Petroleum Industry Bill before the National Assembly as shallow. read more »
InFocus
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Royal Dutch Shell has agreed with its partners to invest about U.S.$4 billion in two oil and gas projects in Nigeria. Read more »
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Nigeria's crude oil export has recorded a major boost as Shell Petroleum Development Company has lifted force majeure on about 300,000 barrels per day of Bonny Light crude, which ... Read more »
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Sigh. Nigeria looks to shoot itself in the foot - one more time. If Nigeria wants to be a preferred destination for energy investment and revive a moribund sector, they need look no further than Colombia's impressive production ramp. How did Colombia overcome its problems? By cracking down on the FARC, while at the same time offering compelling fiscal terms. Had Nigeria the collective intelligence and fortitude to follow Colombia's excellent example, it would be a big success instead of a chronic basket case that is derided in the energy world for its incompetence and thievery.