The Petroleum Industry Bill is now law – is Nigeria open for business?
President Buhari yesterday (August 16) signed into law the much-delayed Petroleum Industry Bill (PIB), now called the Petroleum Industry Act (PIA). We consider this a…
Read MoreAfrica M&A Report – Calm before the storm? With Majors looking to high-grade, acquirers likely have their fingers on the trigger
In the latest update of our Africa M&A Report, we have identified over 60 acquisition opportunities across our coverage. These are assets either publicly on…
Read MoreThe West African Independents – Will the buying spree continue?
The African focused Independents have dominated M&A in the region. Since 2017, these companies have accounted for US$3 billion of acquisition spend in the region.…
Read MoreNigeria’s PIB heralds progress for royalty payments
Also sceptical was David Thomson, vice president at Welligence Energy Analytics. There does seem to have been tangible progress, he said, but “the devil will…
Read MoreSSA M&A Report – GHG heating up deal flow!
Africa has witnessed fairly steady deal flow year-to-date. This includes Tullow Oil’s high-grading and focus on its portfolio, striking deals that allowed it to exit…
Read MoreCautious outlook for Nigeria’s deepwater oilfields
In response to questions from AfrOil, Idornigie praised the PIB for establishing a stronger foundation for the development of Nigeria’s abundant reserves of natural and…
Read MoreIs Nigeria’s deepwater sector on its last legs?
Nigeria’s deepwater sector, which has stagnated at around 700,000 bbl/d of oil since 2010, is at a critical point. The area has been a core…
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