Daily Archives: October 8, 2020

Why Africa’s Oil Production Declined in the Last 10 Years

The African oil industry has enjoyed mixed fortunes over the past ten years. Between 1999 and 2009, Sub-Saharan Africa significantly increased its share of global oil production and reserves, but since then – despite the opening of new oil provinces in West and East Africa – African production has declined and reserves growth has tailed…

Nigeria Opts for Non-Discretionary, Open Bid Round Awards in Proposed Reform Law

Nigeria has opted for non-discretionary award of petroleum licences, with open bid rounds as the core framework, if the Petroleum Industry Bill (PIB) currently in its parliament is the signpost of things to come. The 252 -page draft bill was delivered to the bicameral house of legislature by the executive arm of the Nigerian government…