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The Nigerian Upstream Petroleum Regulatory Commission has issued new Conversion and Renewal Regulations effective February 2026, repealing the 2022 framework. While maintaining the core structure of the previous regulations, the 2026 amendments introduce significant changes to the licensing and leasing regime for upstream petroleum operations in Nigeria.

The oil and gas industry is buzzing with excitement following the recent announcement by the Federal Government of the 2nd Marginal Field Licensing Round.

For a vertically integrated Nigerian Electricity Supply Industry ("NESI") where the generation, transmission and distribution companies operate as a monopoly in their respective areas of license

Crude oil has been central to global industrialization and economic growth since its discovery, but its pricing has always been vulnerable to geopolitical uncertainties such as wars and pandemics.

Mining business is capital intensive, the critical reason why governments across the world continue to seek ways to incentivise investors in this industry.

The proposed Petroleum Industry Act (Amendment) Bill 2025 (the "Bill") marks a new phase in the Nigeria's petroleum sector reforms. The Bill proposes significant adjustments to the Petroleum Industry Act 2021 ("PIA").

In a landmark move set to redefine the landscape of the Nigerian Electricity Supply Industry ("NESI"), the Nigerian Electricity Regulatory Commission ("NERC") issued a transformative order...

Nigeria, a nation blessed with abundant crude oil and natural gas reserves, paradoxically grapples with profound energy insecurity.

Paragraph 14(b) Part II of the Second Schedule of the 1999 Constitution of the Federal Republic of Nigeria and Section 2(2) of the Electricity Act of 2023 ("EA") empowers states in Nigeria...

The decision of the Federal High Court in Eurafric Energy Limited v. Ministry of Petroleum Resources & Ors. in suit number FHC/L/CS/628/2021 (the "Eurafric Case") represents one of the most recent substantive judicial examinations of executive authority under the Petroleum Industry Act, 2021 (as amended) (the "PIA").

A free trade zone (FTZ) is a special area within a country where foreign and local companies can import materials, manufacture goods, export products, and perform services...

The 2021 Marginal Field Bid Rounds concluded with 57 marginal field assets awarded to 161 companies by the Department of Petroleum Resources in what was the 2nd bid round since 2002/2003.

On 19 February 2026, the Ghanaian Parliament ratified petroleum agreement extensions for the West Cape Three Points Petroleum Agreement covering...

The stratospheric negative ramifications attached to climate change have led to the critical drive for developing countries such as Nigeria, to curtail greenhouse gas (GHGs) emissions...

Nigeria is one of Africa's most attractive markets for foreign direct investment, but entering the market alone can be daunting. Many foreign investors, especially those in industries like oil and gas...

Renewable energy is derived from natural environmental sources, which are replenished at a rate equal to or faster than at which they are absorbed.

Vitol Upstream Ghana Limited, ENI Ghana Exploration and Production Limited and the Ghana National Petroleum Corporation (GNPC) ("Parties"), Partners of the Offshore Cape Three Points (OCTP) in Ghana...