Petroleum Industry Act
Coverage of Petroleum Industry Act in the Nexus archive.
- Nigeria: Environmental Remediation - Oil Community Demands Use of ₦126.85 Billion Gas Flare Penalties
Residents of Unyenge, an oil-producing community in Akwa Ibom, Nigeria, are demanding access to ₦126.85 billion in gas flare penalties to restore their degraded environment. The funds are mandated for environmental remediation under the Petroleum Industry Act.
- Environmental Remediation: Oil community demands use of ₦126.85 billion gas flare penalties
Residents of Unyenge, an oil-producing community in Akwa Ibom, have demanded access to ₦126.85 billion in gas flare penalties to restore their degraded environment, as stipulated by the Petroleum Industry Act.
- Four years after PIA deadline, OML 13 operator unveils host communities’ needs assessment
Four years after the Petroleum Industry Act (PIA) deadline, the OML 13 operator unveiled a needs assessment for host communities. The PIA required the establishment of a Host Communities Development Trust, but the delayed compliance has raised questions.
- Akwa Ibom oil communities demand action on gas flaring, host community rights
Oil-producing communities in Akwa Ibom State are demanding action on gas flaring and enforcement of host community rights under the Petroleum Industry Act (PIA), as many remain unaware of their legal protections despite official promises.
- Reps panel to intensify oversight of midstream petroleum sector, targets improved accountability
The Reps panel will increase oversight of the midstream petroleum sector by adopting a proactive approach to monitor operators and regulators, enforcing the Petroleum Industry Act, promoting domestic gas utilization, and enhancing transparency, accountability, and energy security. The initiative aims to strengthen industry accountability and regulatory compliance.