The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) has advocated research and development (R&D), to boost local content initiatives in the country. He said the sector must conduct research in areas such as oil production and exploration, fabrication, building of plants for the use of oil firms and other activities, which require utmost contributions…
The Nigerian Content Development and Monitoring Board (NCDMB) has applauded Halliburton (Landmark) Energy Services Nigeria for partnering with the Government of Akwa Ibom State and Hobark Group of Companies to establish a world class Oil and Gas Training and Research Centre, to upscale the capacities of young Nigerians with skills required in the Oil and…
This is achieved through sustainable partnerships, which further the socio-economic development of the Niger Delta and Nigeria as a whole. Our Approach to Local Content Nigerian local content development is not a discretionary consideration. The 2010 Nigerian Oil and Gas Industry Content Development Act sets rules and regulations governing local content requirements and sets targets…
Nigerian Content Development Management Board, NCDMB, yesterday, stated that it would not be deterred by the antics of oil and gas companies trying to sabotage local content initiative of the Federal Government. Cyril Odu, Executive Vice Chairman, Mobil Producing Nigeria (left) and Engr. Ernest Nwapa, Exec. Secretary of the Nigerian Content Development Monitoring Board (NCDMB),…
… FG to extend project beyond N/Delta The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on Friday performed the ground-breaking of the Nigerian Oil and Gas Park being developed by the Nigerian Content Development and Monitoring Board (NCDMB) at Emeyal-1, Ogbia Local Government Area of Bayelsa State. The park will generate about…
The Nigerian Content Development and Monitoring Board (NCDMB) has begun the construction of the Nigerian Oil and Gas Park at Odukpani, Cross River State, with the goal of creating a regional low-cost manufacturing hub that would produce equipment components and spare parts that would be utilized in the Nigerian Oil and Gas industry. The Odukpani…
President Muhammadu Buhari is set to inaugurate General Electric’s (GE) $250 million manufacturing plant in Calabar, the Cross River State capital, which is billed to be ready in the third quarter of this year. This aligns with Nigeria’s infrastructure needs and will contribute to economic development, especially in the oil & gas, power and transportation…
With effect from June this year, the Nigerian Content Development and Monitoring Board (NCDMB) will begin third forensic audit of all unremitted deductions by oil and gas companies meant for the Nigerian Content Development Fund (NCDF). The impending exercise was announced by the Executive Secretary of NCDMB, Engr. Simbi Wabote at the two-day Stakeholders Sensitization…
…Minister targets $1bn The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) on Thursday in Abuja launched the 200 million dollars Nigerian Content Intervention Fund (NCI Fund). The pool of funds will provide loans to Nigerian companies involved in manufacturing in the oil and gas industry as well as firms…
Equatorial Guinea’s government officially announces the 2019 Year of Energy initiative, tying together landmark energy projects and a series of Africa-focused events. The Ministry of Mines and Hydrocarbons is working in partnership with Africa Oil & Power to organize the series of conferences. Three key events will take place: the Equatorial Guinea Gas Summit, the…
