Nigeria's oil and gas sector evolved over the decades. The sector has moved from an era where little or no effort was put towards addressing the negative impacts occasioned by oil exploration and other incendiary activities, the failure by the Federal...
Nigeria is said to have 206.53 trillion cubic feet (tcf) of untapped proven gas reserves with an estimated recoverable gas reserve of 139.4 tcf. Despite the abundance of gas reserves, the production and development of gas have not been optimally harnessed....
On 28th February 2024, the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu issued an Executive Order and Presidential Directives relating to the Oil and Gas Industry. The Executive Orders include: (i) the Oil & Gas Companies (Tax Incentives,...
INTRODUCTION
The Business Facilitation Act (“Act”) was signed into law by President Muhammad Buhari on Wednesday, February 8, 2023 as a legislation geared to ensure a business-friendly and inclusive environment as well as limit bureaucratic bottlenecks...
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INTRODUCTION
It is no longer news in the Nigerian jurisdiction that the Petroleum Industry Act (PIA) has introduced significant changes...
Introduction
In May 2020, the Nigerian Government announced the commencement of the Marginal Fields Bid Rounds through the issuance of bid guidelines. This bid rounds came to a climax on 31 May 2021 through the issuance of Award Letters to Awardees. In...
The Department of Petroleum Resources (DPR) recently approved the
Guidelines and Procedures
for Obtaining Minister’s Consent to the Assignment of Interest in Oil and
Gas Assets 2021 (2021 Guidelines). The 2021 Guidelines repeals the Guideline and Procedures...
A. Introduction
The Federal
Government of Nigeria recently released to the public, the Nigerian Gas
Transportation Network Code (the “Code”) as a common set of rules that will
govern fair and transparent gas shipper –transporter relationship in Nigeria’s
open...
This piece is a sequel to our briefing note titled “The Flare Gas (Prevention of Waste and Pollution) Regulations, 2018: A New Dawn” wherein we did an overview of the Flare Gas (Prevention of Waste and Pollution) Regulations, 2018 (the “Regulations”).
Following...
“Gas, the Beautiful Bride of Hydrocarbon” – Anonymous
The recently approved National Gas Policy (the “Policy”) by the Nigerian Federal Government (“FGN”) has thrown up mixed reactions from participants in the Nigerian oil and gas industry (the “Industry”)....
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