Nigeria’s Petroleum Investment Bill (PIB) is finally starting to make some progress through parliament. The Senate approved it after a second reading in November and now parliamentary committees are preparing their final reports before the third and final reading. Senate President Bukola Saraki said they aim to have the bill “signed, sealed and delivered for the benefit of the Nigerian public early in 2017.”
Posts tagged ‘oil policy’
October 27, 2016 00:15 UTC
Germany’s lower house of parliament, the Bundesrat, voted in October to ban the sale of cars with internal combustion engines by 2030. It is a resolution with no binding implications, but it did garner cross-party support. It is certainly a powerful statement of intent.
Seen from the capitals of the major oil exporting countries, it should be viewed with alarm, not that it will necessarily be achieved, but as a reminder that in combination with the technologies to deliver them, environmental targets only ever seem to get more ambitious in scope and in timing.
October 24, 2016 04:30 UTC
The recent invitation by OPEC for US officials to join in production freeze talks is clearly a nod to the production powerhouse Americas has become as a result of the shale revolution.
But it wasn’t always that way. Just ask former US Energy Secretary Bill Richardson, who, 16 years ago, was the point person in talks with Saudi Arabia to boost production, which would keep US gasoline prices stable.