Dear Esteemed Members,

Happy New Year! We are delighted to share with you the latest edition of our monthly newsletter, highlighting key developments in Nigeria’s oil and gas sector for the month of December 2024.

Among the key updates, Minister Lokpobiri reaffirmed Nigeria’s commitment to fossil fuel production, despite global calls for energy transition. PETAN has advocated for the privatisation of the nation’s pipeline infrastructure as a “commonwealth solution” to strengthen energy security. Additionally, the Federal Government has made strategic strides to increase local participation in the industry, exemplified by the successful oil bid round and the launch of the $315m FPSO in Dubai.

We hope you will find the attached compilation of news updates helpful.

Thank you for your continued support.