IOCs
PIB: Rivers governor supports allocation of 10 per cent oil revenue to host communities
Rivers State Governor, Nyesom Ezenwo Wike, has advocated not less than 10 percent fund allocation to host communities in the Petroleum Industry Bill that is still before the National Assembly. Governor Wike said it is also necessary that the bill state in clear terms what specific development projects that the allocated fund should be spent on, so that development of host communities can be truly actualised. The governor gave the charge when the members of the National Assembly Committee on the Petroleum Industry Bill, visited him at Government House, Port Harcourt, on Thursday. Governor Wike stated that oil bearing communities have suffered the loss of their livelihood, good drinking water and their socio-cultural life disrupted because of the insensitivity of the International Oil compan...
Senate threatens labour ministers over absence at hearing
The Senate Committee on Local Content has threatened to sanction the Ministers of Labour and Employment, Chris Ngige and Festus Keyamo, over their failure to appear at an investigative hearing on diving operations in the oil and gas industry. It also threatened to sanction the managing directors of international oil companies (IOCs) in Nigeria for the same reason. The IOCs MDs include ExxonMobil, Total and Chevron. The chairman of the committee, Teslim Folarin, said this at the hearing on Thursday after they all failed to show up for the event which was meant to review the challenges experienced by diving operators in the sector. The invitation followed a debate on a motion on the urgent need to ensure strict compliance with statutory regulations and provisions on Nigerian diving sector. P...
