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...
NLNG

Olaniwun Ajayi LP advises Nigeria LNG Limited on its groundbreaking $US 3billion Train...

Nigeria LNG Limited, the flagship LNG production company in Africa, recently closed a US$3 billion hybrid financing for the development of its seventh liquefaction train which, upon completion, is expected to boost...
Impact on oil prices

COVID -19: Impact on Oil Prices; Implication on the Nigerian Oil Industry

In the wake of the fight against Covid-19, many countries of the world were faced with no other option than to take drastic measures to contain the spread of the deadly virus....

Deep Offshore and Inland Basin Production Sharing Contract (Amendment) Bill 2019.

Recently, a bill for an Act to amend the Deep Offshore and Inland Basin Production Sharing Contract Act, (the Bill) passed the third reading at the Senate and currently awaits passage at...

Deal Announcement

Olaniwun Ajayi LP is pleased to be acting as adviser to Seplat Petroleum Development Company Plc. (Seplat) on its proposed circa £382 million cash acquisition of the entire issued share capital of...

Registration of Drilling Rigs Under the Coastal Inland Shipping Act: Review of the Transocean...

The recent decision of the Court of Appeal in Transocean Support Services Nigeria Limited & 3 Ors. v Nigerian Maritime Administration and Safety Agency & Anor1 (Transocean Decision) that an oil drilling...