Italian energy giant, Eni has announced the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha (SWM) Concession, adding production in the Concession started just one year ago and is now in excess of 12,000 bopd. A release by the company on Tuesday, said…
Ikenna Omeje The Nigerian Communications Commission (NCC) has said it undertook a revision of the framework stipulating the processes for resolving consumer complaints arising from service delivery by telecoms operator in order to achieve greater effectiveness in the sector and to strengthen the protection of telecoms consumers and other stakeholders.This was contained in a release…
Shell Companies in Nigeria (SCiN) including Shell Petroleum Development Company Limited (SPDC), Shell Nigeria Exploration and Production Company (SNEPCo) and Shell Nigeria Gas (SNG) have contributed in various ways to the development of the economy. Besides contributions through payment of taxes and royalties, among others, they have also through their social investment projects, helped to…
By Mordi Chukwunonso Margaret Okojokwu, representing Majorwaves Energy Report, alongside six other women have been admitted as founding members of the maiden Diversity Sectorial Working Group (SWG) of the Nigerian Content Consultative Forum, NCCF. The group was officially inaugurated by the Executive Secretary of the NCDMB, Engr Simbi Wabote in a virtual engagement meeting with…
..projects to create 1500 jobs The Nigerian Content Development and Monitoring Board (NCDMB) on Friday signed equity investment agreements with two companies-Duport Midstream Company for the establishment of an Energy Park in Egbokor, Edo State and Eraskon Nigeria Limited, for a lubricating oils blending plant in Gbarain, Bayelsa State.The Board’s investments will catalyse industrialization, with…
Describes it as spurious, malicious, and a piece of fake news. The management of the Nigerian Content Development and Monitoring Board (NCDMB) has reacted to claims by an online medium that the Minister of State for Petroleum Resources, Timipre Sylva, demanded the sum of $20 million from the agency to fund Bayelsa re-run elections.This is…
The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention Fund from US$200 million to US$350 million.The enlargement of the Fund by US$150 million was part of the decisions taken at the recent NCDMB Governing Council meeting, which held virtually on June 16, 2020….
The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the establishment of a US$50 million Nigerian Content Research & Development Fund (NCR&DF). At the NCDMB Governing Council meeting which held on June 16, 2020 under the chairmanship of the Minister of State for Petroleum Resources, Chief Timipre Sylva, the Council…
The Nigerian Content Development and Monitoring Board (NCDMB) on Monday took formal possession of its newly completed 17-storey headquarters building from the major contractor of the project, Megastar Technical and Construction Company (MTCC). The symbolic handover of the keys to the edifice was held at the facility located along Ox-Bow Lake Road, Swali, Yenagoa, Bayelsa…
The announcement of marginal field bid round in June 1st compelled the operators and stakeholders in the industry longing for explanation on how the process will be carried out by the country’s regulator.Foremost petroleum industry association, Nigeria Association of Petroleum Explorationist (NAPE) whose members operate mostly at the upstream, invited DPR Director, Engineer Sarki Auwalu to…
