As part of efforts to reduce the country’s oil production cost, the Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to facilitate the establishment of an oil and gas logistics base in Brass, Bayelsa State. Executive Secretary of NCDMB, Mr.Simbi Wabote, made the disclosure during the inauguration of a modular science laboratory to Model…
…says 40% of marine vessels owned by Nigeria The Nigerian Content Development and Monitoring Board, (NCDMB) says it target over 300,000 direct jobs in its 10 years development plans just as it disclosed that 40 percent of Vessels operating currently offshore are owned by Nigerians. According to the agency, 10 years from now, it is…
The Nigerian Content Development and Monitoring Board ( NCDMB), says it will partner Waltersmith Petroleum Ltd. to construct a modular refinery in Brass Island in Bayelsa. The Executive Secretary of the board, Mr Simbi Wabote disclosed this in a statement issued by the Board’s Management in Abuja on Thursday. He spoke at the commissioning of…
Nigeria LNG Limited (NLNG) today in Abuja took the Final Investment Decision (FID) for its Train 7 Project, which will increase its production by 35 per cent and its competitiveness in the global LNG market. The company in a statement on Friday said the decision allows the expansion to increase the capacity of NLNG’s six-train…
The Office of the Auditor-General of the Federation (OAuGF) has bemoaned the delay in the review of laws guiding activities in the country’s oil and gas industry, noting that these obsolete laws are undermining the revenue-generating capacity of the Department of Petroleum Resources, DPR. In its Annual Report on the Accounts of the Federation of…
The Nigeria Natural Resource Charter, NNRC, has blamed the Nigeria’s over reliance on the oil sector, failure to diversify its revenue base for the inability of the country to effectively manage the wealth from its oil and gas resources. Speaking at the launch of the NNRC 2019 Benchmark Exercise Report, Programme Coordinator of the NNRC,…
The Nigerian National Petroleum Corporation (NNPC) and the Chevron Nigeria Limited (CNL) have executed agreements over the multi-billion dollars Escravos Gas-to-Liquid (EGTL) project. Speaking at a sign-off meeting in Abuja, the Group Managing Director of the corporation, Mele Kyari, disclosed that CNL would boost the domestic gas market with 400MMScf per day gas supply, equivalent…
Dr Nnaemeka Ewelukwa has assumed office as the acting Managing Director/CEO of the Nigerian Bulk Electricity Trading Plc (NBET) following the step down of Dr Marilyn Amobi. This was made known in a statement issued by Ms Aisha Waziri from the Corporate Services Department of NBET in Abuja on Wednesday. The Minister of Power, Mr Sale…
The Executive Management of the Nigeria Liquefied Petroleum Gas Association (NLPGA) has taken campaign for the Utilisation of Liquefied Petroleum Gas (LPG) in Nigeria to the Minister of State for Petroleum Resources, Chief Timipre Sylva. Speaking during a visit to the Minister, the President of NLPGA, Mr. Nuhu Yakubu whose presentation focused on the Affordability,…
The management of Eko Electricity Distribution Company (EKEDC) on Tuesday assured its customers in Lagos of steady electricity supply before, during and after the festive periods. Mr Godwin Idemudia, EKEDC’s General Manager, Corporate Communications said that the organisation was committed to providing electricity to its consumers during the Christmas and New Year celebrations. “Just as…