Two decades of collective breath-holding was finally released with the enactment of the Petroleum Industry Act (PIA), making 2021 a notable year for Nigerian oil and gas. Full story
Source: https://www.natlawreview.com
Posted by Amaka, January 28, 2022
IOCs have been selling down properties in Nigeria for around 10 years. High costs of producing onshore, in addition to security risks and pressure on emissions, are driving the move away from Nigeria. Full story
Source: https://www.energyvoice.com
Posted by Amaka, December 2, 2021
There are indications that limited investment has impacted negatively on exploration, as Nigeria’s rig count, fell by 61.5 per cent, year-on-year, YoY, to 35 in the first half of 2021, H1’21, from 91, recorded in the corresponding period of 2020. Full story
Source: https://www.vanguardngr.com
Posted by Amaka, 5 August 2021
The bill proposes establishment of Nigerian Upstream Regulatory Commission to be responsible for the technical and commercial regulation of upstream petroleum operations. Full story
Source: https://guardian.ng
Posted by Amaka, 25 November 2020
Current Awareness 