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Energy Sector Nigeria

Bracewell LLP

Nigeria’s Energy Sector: Looking Back at 2023 and Looking Ahead in 2024

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We summarise the key events from 2023 in Nigeria’s energy sector – a year that saw the start of a new presidency and the end of the fuel subsidy. There was considerable M&A activity, significant legal developments and court...more

Bracewell LLP

Nigeria’s energy sector: looking back at 2022 and looking ahead in 2023

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We review the key events of 2022 in Nigeria’s energy sector – a year that saw significant steps in the implementation of PIA, intermittent M&A activity and the continuing effects of crude theft. We also consider what we can...more

Morgan Lewis

Nigeria Overhauls Its Oil and Gas Laws with Petroleum Industry Act

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With more than 300 sections across five chapters and an additional eight schedules, Nigeria’s Petroleum Industry Act (the PIA), which was passed on August 16, 2021, repeals all previous laws related to oil and gas....more

White & Case LLP

African M&A stages a comeback

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Last year was a challenging one for M&A in Africa, with both deal value and volume dropping to their lowest figures on record. Yet 2021 has shown signs of a resurgence, with H1’s total of 87 deals marking a 15% increase...more

Bracewell LLP

Nigeria's upstream petroleum sector: looking back at 2020 and looking ahead in 2021

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We review what happened in Nigeria’s upstream petroleum sector during the previous year – a year that saw a new marginal field bid round, an oil price crash and the onset of a terrible global pandemic. We also consider what...more

White & Case LLP

Africa Focus: Autumn 2020 - Nigeria’s LNG Train 7 project breaks new ground

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A US$3 billion financing amid a volatile market shows oil & gas projects with strong fundamentals can continue to raise debt... In May 2020, during the most volatile period in the oil & gas sector in 40 years, Nigeria LNG...more

White & Case LLP

African M&A dips slightly in 2018 but some regions are bucking the trend, While dealmaking value was marginally down year on year,...

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M&A in Africa totaled US$21.1 billion in 2018, a slight drop compared to the US$22 billion recorded in 2017. Deal volume, however, fell more precipitously from 272 in 2017 to 206 in 2018. ...more

White & Case LLP

Africa Focus: Spring 2019 - Protecting energy sector investors in West Africa

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The Energy Protocol of the Economic Community of West African States seeks to attract power-sector investment - According to the OECD, "Investment treaties were developed to protect investors of one country when investing...more

Hogan Lovells

Energy Snippets

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SA’s energy vision for 2030: Jeff Radebe releases the details in long-awaited IRP - The long-awaited Integrated Resource Plan (IRP) envisages the energy mix in 2030 will consist of almost half coal power, with gas and wind...more

Hogan Lovells

Gas Snippets

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Study initiated to assess conversion of Kelvin power station from coal to gas - US$1.3 million feasibility study has been initiated into the prospect of converting the coal-fired Kelvin power station, east of Johannesburg,...more

Akin Gump Strauss Hauer & Feld LLP

Project Finance: Structuring for Success

This Practice Note considers the meaning of the term “structure” in a project finance transaction and identifies the key issues that may inform the approach to structuring such a transaction. It explains a “plain vanilla”...more

Gray Reed

2017’s Bad Guys in Energy

Gray Reed on

Once again we look back at the continuing cavalcade of crooks, criminals, miscreants and, to put it kindly, morons the less intellectually gifted, who met justice face-to-face in 2017. This year’s class includes a preacher,...more

Ballard Spahr LLP

Alleged Nigerian Oil Industry Corruption and Civil Forfeiture: More Extraterritorial Application of U.S. Law; More High-End Real...

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On Friday, the Department of Justice (“DOJ”) filed a civil forfeiture complaint in the Southern District of Texas seeking recovery of approximately $144 million in assets that allegedly represent the proceeds of foreign...more

Hogan Lovells

Africa's LNG Opportunity

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In November 2016, the U.S. government’s inter-agency Power Africa development initiative issued its third handbook entitled “Understanding Natural Gas and LNG Options” for the purpose of promoting a better understanding of...more

Bradley Arant Boult Cummings LLP

Toward Disclosure of Third-Party Litigation Funding in Class Actions

In January 2012, a natural gas-drilling rig exploded off the coast of Nigeria and burned for more than 40 days. Two years later, six Nigerians filed suit in the U.S. District Court for the Northern District of California...more

Carlton Fields

Court Finds That Enron’s Fraud Does Not Void Contract Entered Into With Enron Subsidiary

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A federal appellate court has upheld a district court order enforcing an arbitration award by the ICC against the Republic of Nigeria in favor of Enron Nigeria Power Holdings, Ltd. (“ENPH”), a former subsidiary of Enron...more

Mintz - ML Strategies

Africa Update - March 2016 #2

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Leading the News - Cote d’Ivoire - On March 13th, Al Qaeda in the Islamic Maghreb (AQIM) gunmen armed with assault rifles stormed the beach hotels in Grand-Bassam, a region population with Ivoirian and Western...more

Latham & Watkins LLP

Nigerian Power Sector: Opportunities and Challenges for Investment in 2016

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A summary of the existing power sector in Nigeria, current key initiatives, and opportunities and challenges for developers, investors and lenders. Introduction - During the launch of Power Africa in 2013, President...more

Mintz - ML Strategies

Africa Update - February #3

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Leading the News - Burundi - On February 12th, the United Nations (U.N.) Multidimensional Integrated Stabilization Mission in the Central African Republic (CAR) (MINUSCA) announced its decision to repatriate three...more

Mintz - ML Strategies

Africa Update - February 2016 #2

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Leading the News - Burundi - On February 5th, newly elected African Union (AU) Assembly Chairman and President of Chad Idriss Deby appointed a high-level delegation of five African heads of state to negotiate with...more

Mintz - ML Strategies

Africa Update - February 2016

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Leading the News - Burundi - On January 29th, Burundian authorities released a British and a French journalist who were arrested during a sweep for rebels in flashpoint districts in Bujumbura. The U.S. and European...more

Mintz - ML Strategies

Africa Update - January 2016 #4

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Leading the News - Burundi - On January 22nd, during a visit to Bujumbura, the United Nations (U.N.) Security Council met with Burundian President Pierre Nkurunziza to advocate for peace talks and the deployment of...more

Mintz - ML Strategies

Africa Update - November 2015 #3

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Leading the News - Egypt: On November 12th, officials at the U.S. National Transportation Safety Board (NTSB) and the Federal Bureau of Investigation (FBI) noted while they had offered assistance to both Egyptian...more

Mintz - ML Strategies

Africa Update - October 2015 #2

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Leading the News - Libya: On October 8th, The Washington Post provided an update on the Islamic State of Iraq and the Levant’s (ISIL) activities in Sirte, Libya. Since taking hold of Sirte earlier this year, ISIL...more

Mintz - ML Strategies

Africa Update - September 2015 #4

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Leading the News - Burkina Faso: On September 17th, U.S. National Security Advisor Susan Rice condemned the unconstitutional seizure of power by elements of the Presidential Security Regiment in Burkina Faso and...more

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