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Divestment presents opportunity for indigenous capacity growth -– Seplat
In this era of divestments by the International Oil companies (IOCs) from Nigeria, indigenous energy companies with the right competences and wherewithal are natural partners to government in the quest to harness oil and gas assets, the Chief Executive Officer,…
NCDMB commends Caverton on integrated offshore support service
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has lauded Caverton Offshore Support Group on its growth towards being a fully integrated offshore support company in Sub-Saharan Africa. Engr. Wabote spoke through…
NCD: Wabote commissions Coleman’s fibre optic cable plant
An oil and gas service company, Coleman Technical Industries Limited (CTIL) on Friday opened its multi-billion-dollar fibre optic cable manufacturing factory, hoping to take advantage of the African Continental Free Trade Area (AfCFTA) to play big in the African market….
S. Arabia can’t violate OPEC quota, ministers tells Biden
Sopuruchi Onwuka, with agency reports The Kingdom of Saudi Arabia is committed to output decisions of the members of the Organization of Petroleum Exporting Countries (OPEC) and its coalition producers, officials affirmed to the visiting President of the United States…
Fuel Scarcity: MOMAN demands liberalized market, internal energy shield
Sopuruchi Onwuka Federal government should adopt the measures being deployed by countries around the world to protect their domestic economy from the prevailing energy supply shocks and high prices stoked by the ongoing war between Russia and Ukraine. Part of…
NCDMB unveils ministerial regulations, charges industry on compliance
The Nigerian Content Development and Monitoring Board (NCDMB) has unveiled seven ministerial regulations that will provide a proper framework for monitoring the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. The regulations were approved by the…
‘NCDMB partnering Shell, Exxon, NAOC on Oil & Gas Parks’
Major international operating oil and gas companies, notably Shell Petroleum Development Company (SPDC) and Exxon Mobil Nigeria, and the Nigerian Agip Oil Company (NAOC)have made significant investments in support of the ongoing development of the Nigerian Oil and Gas Parks…
The audacity and constitutional imperative of HAB12
(Phillip Okey Igwe) HAB12 is a bill undergoing legislative passage into law in the 7th Abia House of Assembly. Sponsored by the member representing Umunneochi State Constituency and others, the bill whose long title is “A Bill for a Law…
Climate action: Global reserves drop by 9%
Sopuruchi Onwuka Total recoverable oil worldwide has indicated a peak, dropping by 9.0 percent from last year and threatening global energy security at a time price jumps associated with falling supplies trigger inflationary jumps across economies. According to Rystad Energy’s…
NCDMB to enlist security agencies in Nigerian Content Law enforcement
The Nigerian Content Development and Monitoring Board (NCDMB) seeks the collaboration of the nation’s law enforcement agencies in driving compliance of the Nigerian Content Act in the oil and gas industry. Executive Secretary, NCDMB, Mr Simbi Wabote, who hosted Nigerian…
