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HEOSL reiterates commitment to nigerian content development
Heritage Energy Operational Services Limited (HEOSL), operator of the OML 30 Joint Venture between NNPC Exploration and Production Limited and Shoreline Natural Resources Limited Joint Venture (NEPL/SNRL JV) has reiterated its commitment to the development of Nigerian Content. Chief Executive…
FG urged to review operating terms with IOCs
Sopuruchi Onwuka Nigeria must restructure its petroleum asset lease administration and investment partnership patterns in the face of the prevailing push for energy transition or risk holding large stranded reserves by 2050 when significant demand shift from fossil energy is…
Refining capacity might outstrip crude production, Wabote warns
Sopuruchi Onwuka With capacity regeneration in the midstream petroleum industry in the country, the falling crude oil production capacity might turn Nigeria into a net importer of crude oil if concerted efforts are not speedily coordinated to boost petroleum liquids…
NCDMB tasks indigenous oil firms on governance, policy compliance
The management of Heritage Energy Operational Services Limited (HEOSL) and other indigenous oil and gas companies have been advised to adopt strict corporate governance guidelines in their operations if they want their firms to grow sustainably. The companies were equally…
NLNG’s restates commitment to local content
Nigeria LNG Limited (NLNG) last weekend hosted the Nigerian Content Stakeholders Retreat at its plant complex in Bonny, in demonstration of its unwavering commitment to the advancement of local content in Nigeria. The three days event provided a platform for…
NLNG Train-7 project hits 52% completion, employs 8,300 workers
Sopuruchi Onwuka The ongoing construction of the seventh process train of the Nigeria Liquefied Natural Gas (NLNG) currently engages some 8,300 workers who have contributed to driving the project to 52 percent completion as at last weekend. Managing Director, Dr….
Wabote lauds Genesis Academy for creating 2500 jobs
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, on Thursday commissioned the corporate Head Office and Training Academy of the hospitality conglomerate, Genesis Group Limited, in Port Harcourt, Rivers State. The NCDMB…
Wabote counts local content benefits at MG VOWGAS’s facilities
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Tuesday commissioned MG VOWGAS’ newly installed 200-ton heat treatment furnace and state-of-the-art dish head forming machine at the company’s yard in Port Harcourt,…
NCDMB is still the best among Nigeria’s MDAs
The Nigerian Content Development and Monitoring Board (NCDMB) has maintained its lead in excellence with the retention of its position as the best Federal Agency in transparency and efficiency in business. In the 2023 Half Year Executive Order 001 Compliance…
Wabote, Barth Nnaji chorus Nigerian Content remedy to forex crisis
Sopuruchi Onwuka Amidst the growing anger in the country over the rising rate of foreign exchange, prominent industry technocrats with critical roles in the economy have agreed that strict application of the existing local content laws would reverse the demand…
