oil Archives - Parliament Reports

Senate and the oil and gas sector | Motions & Movement

Sharon EboesomiMay 9, 202516 min

Since its inauguration in June 2023, Nigeria’s 10th senate has found itself navigating one of the most complex and politically charged terrains in the country’s economic landscape: the extractive sector. Long a cornerstone of national revenue and political patronage, the extractive sector has once again emerged as a flashpoint, this time amid economic recalibration, subsidy removal and refinery rehabilitation. The senate has found itself squarely in the middle of Nigeria’s energy transition crossroads. This article...

National Assembly Politics RemTrack

EITI standards can enhance transparent and accountable energy transition, says NEITI Director

Sharon EboesomiApril 29, 20257 min

NEITI’s Dr. Dieter Bassi highlights how fiscal reforms and EITI principles can align Nigeria’s extractive sector with clean energy goals. The Director of Policy, Planning and Strategy (PPS) at Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Dieter Ahmed Bassi, has emphasised that adopting Extractive Industries Transparency Initiative (EITI) standards can significantly strengthen transparency and accountability as Nigeria navigates its energy transition. Speaking at the second edition of the Rembinar Dialogue Series held on Monday, April...

Senate

OML 18: Senate orders probe into oil spill, fire outbreak

Sharon EboesomiFebruary 6, 20257 min

OML 18 has a production capacity of over 50,000 barrels of oil per day (bpd). It also has significant gas reserves, contributing to Nigeria’s domestic gas supply and export markets. The senate has called on the National Oil Spill Detection and Response Agency (NOSDRA) to immediately investigate the cause of the fire outbreak and oil spill from Manifold Well 8/ BUG 008 in Oil Mining Lease (OML) 18, Bukuma (Agum) in Rivers State. This is...

Senate

Convert deserted Shell Airstrip in Oloibiri to Air Force base – Senate urges FG

Sharon EboesomiMay 23, 20244 min

For several years, the Shell Airstrip, constructed in 1958 following the first discovery of crude oil in 1956 has long been abandoned. The Senate has urged the Ministry of Aviation and the Nigeria Airforce, to take over and convert the deserted and uncultivated waste land of the abandoned Shell Airstrip at Oloibiri Oil well 1, to a modern Air Force base in Bayelsa State. This is as it urged Shell Petroleum Development Company of Nigeria...