"The Nigerian Government has made several attempts to make gas utilization a separate component from oil. The delay of the PIB has slowed that down as there is no gas legislation that has clearly set out how to explore, issue licenses, produce and then monetize gas."
Dorman Long is fortunate to run a diversified business. Whilst the fabrication and galvanizing businesses have ground to a halt, the maintenance business endures so that at least a fair number of our staff are still kept busy and there is some continuing economic activity.
Oilserv is an indigenous service company operating in the energy space in Nigeria for approximately 25 years, providing services across the oil, gas and power sectors.
PARTNER AND LEADER OF THE ENERGY AND RESOURCES INDUSTRY, DELOITTE NIGERIA
"I believe the government is doing its best to put incentives in place. However, the delay in pinning down some of the key fiscal terms for oil industry operators in Nigeria, which is largely due to political factors, is hurting the system."
UPEGA, the association that protects the interest of the private sector in Gabon’s oil and gas industry, explains the main challenges confronting its members and how the new mining code needs to be improved.
In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.