Nigeria calls on explorers to stop waiting for PIB
Nigerian authorities want IOCs to develop new projects in the country, but uncertainty over the Petroleum Industry Bill continues to deter investment
IOCs should stop hanging on for the passage of Nigeria’s heavily delayed Petroleum Industry Bill (PIB) and instead emulate Total by sponsoring new projects, according to the Nigerian Content Development and Monitoring Board (NCDMB)—the government body tasked with increasing domestic involvement in the oil and gas industry and associated supply chains. According to the NCDMB, Total has made significant progress at the Ikike field, FID on which was taken in 2019, and will produce first oil before the end of 2021. It has been “difficult developing the project, particularly with the pandemic, but we are making progress”, says Total E&P managing director Mike Sangster. Ikike is a relatively s
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
