Tope Adebayo LP

CURRENT DEVELOPMENT The Department of Petroleum Resources (DPR) on May 31st 2020, issued approved Guidelines for the Award and Operations of Marginal Fields in Nigeria and announced that the marginal fields bid rounds for 2020 will commence on Monday June 1st, 2020.

THE POWER SECTOR RECOVERY PROGRAM The Power Sector Recovery Program (PSRP) which was approved by the Federal Executive Council on the 22nd of March 2017 has as its program scope,

Recently, the House of Representatives proposed a stimulus bill to facilitate the free distribution of electricity to Nigerians for two months as part of the Federal Government (FG)’s socio-economic response to limit and alleviate the human and economic impact of the Covid-19 pandemic.

INTRODUCTION 1.1. On the 4th of November, 2019, President Muhammadu Buhari signed the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Amendment Bill into law.

Introduction So, we’ve all heard about the trending Finance Act, 2020 (the “Act”) signed into law by President Muhammadu Buhari on Monday 13th January, 2020.

The Nigerian petroleum sector is a heavily regulated industry with unique laws and regulations to guide both government and key players in their respective operations.

INTRODUCTION Prior to the Effective Date of the Petroleum Industry Act, 2021 (“PIA”), oil exploration and exploitation activities in Nigeria was governed mainly by the Petroleum Act, 1969 (“PA”) which was the principal legislation governing the oil and gas sector.