Presidential Directives for Promoting Investment in the Petroleum Sector in 2024

Presidential Directives for Promoting Investment in the Oil and Gas Sector in 2024

The Nigerian Oil & Gas sector has witnessed a decline in investments recently. According to statistics from the National Bureau of Statistics (NBS), foreign investors sidelined the Nigerian oil & gas sector...
Projections for Nigeria's Oil and Gas Industry in 2024 and COP28 implications for Oil and Gas in Nigeria

Oil and Gas Outlook 2024

Our 2022 Oil and Gas Wrap-up Report spotlighted the Nigeria Energy Transition Plan (ETP). We identified its ambitious objectives for Nigeria to attain universal energy access by 2030, and a carbon-neutral economy...

An Overview of the Extant Gas Flare Regulations in the Nigerian Petroleum Industry

For the Nigerian energy industry, one issue stands out as an opportunity and a challenge - gas flaring. The billowing flames and plumes of smoke from our gas flares have long reflected...

REVIEW OF NIGERIAN ELECTRICITY REGULATORY COMMISSION’S GUIDELINES FOR SECONDARY ESCROW ACCOUNT MANAGEMENT FOR BILATERAL...

The payment waterfall set out in the Multi-Year Tariff Order 2022 (MYTO 2022) and the Principal Collection Account (PCA) set up and managed by the NESI Stabilization Securities LTD (NESI-SSL) into which...

OALP Oil & Gas 2022 Wrap Up Report and 2023 Forward Look

As we approach the end of Q1 2023, we present to you, our Wrap Up Report and Forward Look which highlights some of the key events which shaped the oil and gas...

NNPC Limited: Understanding the Hybrid Identity of Nigeria’s National Oil Company

With the unveiling of NNPC Limited, one of the burning questions has been on its identity, in light of its incorporation as a limited liability company and the requirement of the Petroleum...

COMPLIANCE WITH THE PETROLEUM INDUSTRY ACT: IMPENDING DEADLINES

Since the enactment of the Petroleum Industry Act (PIA), players in the Nigerian oil and gas industry have sought to understand the full scope and extent of their obligations under the PIA....

Oil and Gas Fast Facts on the Licensing Regime under the PIA

When we released our  PIA 2021 Key Highlights Report last year, we promised to unbundle the PIA over time and walk through how it affects players in the oil and gas industry. In keeping...

Olaniwun Ajayi Oil and Gas Wrap-up Report 2021

While the world continued to grapple with the effects of the COVID-19 pandemic in 2021 with many companies and even economies focusing on stability and sustainability, the oil and gas sector was...

The Petroleum Industry Act 2021 – Key Highlights

On August 16, 2021, the much awaited Petroleum Industry Act (PIA or the Act) 2021 was finally signed into law by President Muhammadu Buhari. It introduces various changes to...