2026 Mid-Year Report on the Nigerian Oil and Gas Industry
Introduction The Nigerian oil and gas industry entered 2026 on the back of a particularly active 2025, which was characterised by major Final Investment Decisions (FIDs), the completion of the 2024 licensing round and commencement of the 2025 licensing round, an unprecedented rise in rig activity, and the announcement of several significant transactions across the […]
Nigeria Upstream Petroleum Decommissioning and Abandonment Regulations 2026
The Nigerian Upstream Petroleum Regulatory Commission (the “Commission”) has issued the Nigeria Upstream Decommissioning and Abandonment Regulations, 2026 (the “2026 Regulations”), repealing the Nigerian Upstream Petroleum Decommissioning and Abandonment Regulations, 2023 (the “2023 Regulations”), with effect from 9 March 2026. While the 2023 Regulations established the foundational framework for Decommissioning and Abandonment (“D&A”) obligations […]
