{"id":1690,"date":"2019-04-19T10:51:57","date_gmt":"2019-04-19T10:51:57","guid":{"rendered":"https:\/\/www.odkint.com\/?p=1690"},"modified":"2022-03-04T15:37:31","modified_gmt":"2022-03-04T15:37:31","slug":"nigerias-bold-steps-expectations-in-2022-in-the-oil-gas-sector","status":"publish","type":"post","link":"https:\/\/www.odkint.com\/index.php\/2019\/04\/19\/nigerias-bold-steps-expectations-in-2022-in-the-oil-gas-sector\/","title":{"rendered":"Nigeria\u2019s bold steps, expectations in 2022 in the Oil &#038; Gas Sector"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1690\" class=\"elementor elementor-1690\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ced0d18 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ced0d18\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fd21490\" data-id=\"fd21490\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5ce4b96 text elementor-widget elementor-widget-text-editor\" data-id=\"5ce4b96\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>WITH the coronavirus pandemic, unstable oil supplies and uncertainty that held sway in the volatile global oil market, the year 2021 was challenging to oil and gas producing and exporting countries, including Nigeria. The situation was also worsened by pipeline vandalism, oil theft, illegal refining and environmental pollution.<\/p><p>Despite these and other challenges, the nation recorded many milestones, through the instrumentality of the Nigerian National Petroleum Company (NNPC) Limited, which drives the government\u2019s interests in the oil and gas industry. For instance, it facilitated the emergence of the passage of Petroleum Industry Act (PIA), the nation\u2019s comprehensive legislation, clearly the most profound highlight of the industry in the last 20 years. As a national oil company, the NNPC was at the forefront and provided the stimulus for the executive and the legislature to successfully midwife the passage of the Petroleum Industry Bill (PIB) into law (Petroleum Industry Act 2021). The passage of this law is envisaged to foster investment in the industry and delineate responsibilities to the various institutions.<\/p><h3>Impact of PIA<\/h3><p>The PIA culminated in the establishment of a commercialized NNPC Limited, entrenching accountability and good governance and promoting the exploration and exploitation of the petroleum resources in Nigeria for the benefit of all Nigerians as well as and foster the sustainable development of the host communities. It would ensure the efficient and effective technical and operational regulation of the upstream, midstream and downstream sectors of the oil industry through the activities of the Nigerian Upstream Regulatory Commission and the Nigerian Midstream and Downstream Regulatory Authority, among others.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-71ba1b9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"71ba1b9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-262cd2b\" data-id=\"262cd2b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-53ce465 elementor-widget elementor-widget-image\" data-id=\"53ce465\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"360\" height=\"269\" src=\"https:\/\/www.odkint.com\/wp-content\/uploads\/2019\/04\/odk-news-02.jpg\" class=\"attachment-large size-large wp-image-2455\" alt=\"\" srcset=\"https:\/\/www.odkint.com\/wp-content\/uploads\/2019\/04\/odk-news-02.jpg 360w, https:\/\/www.odkint.com\/wp-content\/uploads\/2019\/04\/odk-news-02-300x224.jpg 300w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-9e53a9c\" data-id=\"9e53a9c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-243175a elementor-widget elementor-widget-image\" data-id=\"243175a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"360\" height=\"269\" src=\"https:\/\/www.odkint.com\/wp-content\/uploads\/2019\/04\/odk-news-03.jpg\" class=\"attachment-large size-large wp-image-2456\" alt=\"\" srcset=\"https:\/\/www.odkint.com\/wp-content\/uploads\/2019\/04\/odk-news-03.jpg 360w, https:\/\/www.odkint.com\/wp-content\/uploads\/2019\/04\/odk-news-03-300x224.jpg 300w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ef52958 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ef52958\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0adfd91\" data-id=\"0adfd91\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cc5a66b text elementor-widget elementor-widget-text-editor\" data-id=\"cc5a66b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote>\n<div class=\"blockquote-inner\">\n<div class=\"quote-text\">ODK International Services Limited products and services meet standards obtainable in major Oil companies to ensure that our clients receive the highest quality services provided in Nigeria and of the host community.<\/div>\n<\/div><\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Incididunt ullabore et dolore magna aliqua. Ut enim veniam, trud exercita tion ullamco laboris nisi ut aliquip ex eac consequat duis aute irure dolor inc reprehenderit velit culpa quis labore et dolore magna aliqua nostrud exer&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[14,16],"class_list":["post-1690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-insights","tag-construction","tag-industry"],"_links":{"self":[{"href":"https:\/\/www.odkint.com\/index.php\/wp-json\/wp\/v2\/posts\/1690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.odkint.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.odkint.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.odkint.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.odkint.com\/index.php\/wp-json\/wp\/v2\/comments?post=1690"}],"version-history":[{"count":9,"href":"https:\/\/www.odkint.com\/index.php\/wp-json\/wp\/v2\/posts\/1690\/revisions"}],"predecessor-version":[{"id":2484,"href":"https:\/\/www.odkint.com\/index.php\/wp-json\/wp\/v2\/posts\/1690\/revisions\/2484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.odkint.com\/index.php\/wp-json\/wp\/v2\/media\/2473"}],"wp:attachment":[{"href":"https:\/\/www.odkint.com\/index.php\/wp-json\/wp\/v2\/media?parent=1690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.odkint.com\/index.php\/wp-json\/wp\/v2\/categories?post=1690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.odkint.com\/index.php\/wp-json\/wp\/v2\/tags?post=1690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}