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Tag: oil

Regulators in the Nigerian oil and gas industry

The Nigerian oil and gas industry is one of the most important industries in the Nigerian economy. The industry provides significant portion of the country’s revenue and is heavily regulated by various government agencies to ensure compliance with best practices, safety standards, environmental regulations, and contractual obligations.  This article will examine the role and functions …

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Nigeria’s crude oil theft: Issues and resolutions

On September 2022, the surprise of a nine-year oil theft controversy shocked Nigerians. Major oil and gas corporations had lost a tonne of petroleum to oil thieves who diverted crude by making illegal pipe attachments to pipelines aimed for the export terminals. According to Mele Kyari, the CEO of the Nigerian National Petroleum Corporation, about …

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