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NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime
Apex professional body responsible for the promotion and protection of the interests of the gas industry in Nigeria, NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime. In consonance with the Federal Government of Nigeria’s vision…
Nigerian oil industry spends $20.4bn on local fabrication, engineering
NCDMB raises Nigerian Content to 42% The Nigerian Oil and Gas Industry spent approximately $20.4billion between 2016 and 2020, particularly in key areas such as Engineering, Procurement, Fabrication, Project Management, and Services. Executive Secretary, Nigerian Content Development and Monitoring Board…
Rape of Abia: Ikpeazu’s takes N16.67m daily as security vote
T A Orji carted N48 bn security vote Billions poured on abandoned projects Sopuruchi Onwuka The burble on how Abia remained the worst governed state in Nigeria has been punctured by the former Attorney General and Commissioner for Justice, Umeh…
Investors declare Nigerian Content Policy successful
NNPC Limited to domesticate 80% of transactions Sopuruchi Onwuka Players across the streams in the Nigerian petroleum industry have declared the local content policy in the country very successful despite visible disputes that have clogged its smooth implementation in the…
PIA: IOCs plan $60 bn FID on 6 deepwater projects
Sopuruchi Onwuka International oil companies that hold substantial reserves in the Nigerian deepwater basin will ink landmark final investment decisions (FIDs) on six offshore oil and gas developments by next year, ending over 12 years of activity lull in the…
NCDMB disburses $350m from $300m NCI Fund
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has disbursed significant $350 million or N157.5 billion to various oil service and community contractors involved in providing goods and services to the petroleum industry. The disbursed fund amounting to…
Chevron, partners deliver 72 projects for the Itsekiri
Sopuruchi Onwuka The Itsekiri Oil and Gas Producing /Impacted Communities Development Committee (IPCDC), popularly known as IRDC, has completed and commissioned 72 projects worth over one billion Naira. The projects which were executed under the auspices of the Global Memorandum…
Energy transition is late, behind demand surge ___Avuru
Sopuruchi Onwuka Eminent geologist and petroleum industry investor, Mr Austin Avuru, is not in any panic about the prevailing global indignation against the industry. Instead he is calling on investors to muster funds for investments in meeting rapidly growing demand….
PIA 2021: NCDMB sees accelerated economic development
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has stated that the Petroleum Industry Act (PIA) 2021 will enable the development of host communities, reduce funding pressure on government, boost capacity development in…
COP26: Energy transition confronts oil resilience
Sopuruchi Onwuka The world would in the first week of November be in dilemma with dicey decision on the fate of fossil fuel as high energy prices spark off strong inflationary trends that hurt the economies of the rich industrialized…
