It was just one step in the right direction, but the Nigerian Senate’s passage of an energy industry bill, the Petroleum Industry Governance Bill (PIGB), in May 2017 felt like a huge leap to many in the country. Nigeria has been waiting for a decade for comprehensive energy sector reform, with the existing regulatory framework showing its age...
As Africa’s largest oil producer, Nigeria is a key member of the Organisation of the Petroleum Exporting Countries (OPEC) and the world’s fourth-largest exporter of liquefied natural gas (LNG). In addition to being a traditional heavyweight in terms of output, Nigeria’s energy sector is also notable for its early success in building local...
Nigeria’s downstream fuels sector has endured a tumultuous few years, from a nationwide strike over consumer costs to corruption scandals. However, more recently a measure of stability has returned to the market, aided in part by government reforms to the pricing framework for fuels. The sector is a crucial one for the country given that the...
Long one of the top two crude exporters in Africa, Nigeria’s gas output has also served as a source of increasing revenue. However, changes are afoot in both segments as a result of the shifting global crude trade patterns and the rising levels of domestic consumption, which may in turn have long-term implications for the country.
When President Muhammadu Buhari took office, he prioritised rehabilitating Nigeria’s ageing refineries with the notion that replacing imported fuels with local production would be an important contribution to solving several pressing problems in the country, including expensive fuel imports. There is plenty of room for the refineries to...
Trinidad and Tobago’s oil and gas fields are found in six main areas. The three offshore fields are in the North Coast Marine Area, the East Coast Marine Area and the South-west Coast Marine Area. The three onshore areas are located in South-east Trinidad (including Guayaguayare and Moruga), South-west Trinidad (Point Fortin, Guapo and Forest...
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