Related Articles
Report
Forward article link
Share PDF with colleagues

Nigerian continuity and change

Oil production is picking up and vital legislation affecting the future of the sector looks to be heading for the statute book, but Nigeria is not out of the woods yet

The Nigerian oil and gas sector is in a better place than it has been for some time, but the government must implement sweeping reforms at a time when the president's poor health inevitably raises concerns over political—and policy—continuity, and the economy remains in a precarious state. Tangible progress towards implementation of legislation crucial to encouraging expansion of upstream development, some encouraging results from efforts to quell violent unrest in the oil-rich Niger Delta region and a related uptick in oil exports have helped lighten the mood among hydrocarbons firms weighing up their next moves. But Africa's largest economy is still shrinking. GDP fell by 1.5% in 2016 an

Also in this section
Latest licensing rounds
20 July 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Greece's time for another look
19 July 2017
The country's offshore has been ignored for years, but discoveries in surrounding regions have piqued interest
India touts its upstream, again
17 July 2017
New database is latest initiative to encourage investors