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IPPG demands bankable crude market to sustain Nigeria’s refining drive
The Independent Petroleum Producers Group (IPPG) has urged Nigerian petroleum industry stakeholders to shift the prevailing refining debate from installed capacity and regulatory mandates to the more fundamental task of building a commercially viable and reliable crude supply system, warning…
Petroleum licensing: Time to end politics, embrace global best practices
Sopuruchi Onwuka Nigeria’s increasingly aggressive use of petroleum licensing rounds to attract investment, expand exploration and raise oil and gas production risks producing the opposite of the desired outcome if the management of license awards continues to leave critical commercial…
NCDMB deepens China ties, imports manufacturing capacity, technology transfer
The Nigerian Content Development and Monitoring Board (NCDMB) has intensified efforts to attract Chinese investment, manufacturing capacity and technology into Nigeria’s oil and gas industry, engaging more than 100 Chinese Original Equipment Manufacturers (OEMs) in Chengdu, China. The engagement formed…
NCDMB launches LearnFest for understanding Local Content processes
The Nigerian Content Development and Monitoring Board (NCDMB) has inaugurated the LearnFest Lecture Series, a continuous learning platform designed to strengthen the capacity of its staff and oil and gas industry stakeholders to effectively understand and implement Nigerian Content policies…
FG restates Nigeria’s commitment to Africa’s local capacity building
The Federal Government has reaffirmed Nigeria’s commitment to sharing its oil and gas industry experience with other African countries, particularly through the African Petroleum Producers Organisation (APPO), as a high-level delegation from the Democratic Republic of Congo (DRC) begins an…
Nigeria inflation decelerates to 15.39% in August
Nigeria’s annual inflation rate unexpectedly eased in August, a surprising phenomenon that is only possible in run up to general elections as high prices of commodities, especially food items dominate election campaigns. Weaker inflation rate thus strengthens the case for…
NLNG to gas industry: Make methane reduction a business priority
Nigeria LNG Limited (NLNG) has called on the global gas industry to treat methane reduction as a business priority, arguing that every tonne of methane released into the atmosphere represents lost revenue and gas that could otherwise be delivered to…
African Local Content: Start small, prove it works, then think continental
[Emmanuel Okoroafor, Ph.D] African Local Content is an attractive and potentially transformative idea. Done properly, it could deepen African industrial capacity, create employment, encourage technology transfer, strengthen indigenous businesses and retain a much greater share of the value generated from…
FG drives over 1,000 host community projects in Niger Delta
The Federal Government says it is driving more than 1,000 host community development projects across the Niger Delta as part of efforts to address restiveness and create a more conducive operating environment for petroleum industry players. The Chief Executive of…
Flare gas commercialization: Policy targets, jubilant licensees and investment reality
Sopuruchi Onwuka Federal government is getting increasingly impatient with the slow progress made by the licensees of the Nigeria Flare Gas Commercialization Programme (NGFCP), threatening to revoke their awards of access to flare gas at the nation’s oil production sites;…
