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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…
NCDMB challenges African nations on energy financing
Sopuruchi Onwuka Implementation agency for the Nigerian local content policy, the Nigerian Content Development and Monitoring Board (NCDMB) has called on African nations to create a pool of funds for financing petroleum projects in order to guarantee energy security for…
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…
NCDMB restates emphasis on indigenous asset ownership
Sopuruchi Onwuka Federal government has restated its emphasis on asset ownership as key capacity development index for consideration of indigenous companies for internal petroleum industry job execution. Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi…
NCDMB, Partners underway with dogmas solutions
Nigerian Content soars to 35% 420,000 mmscf/d CPFs for commissioning Sopuruchi Onwuka A slew of based gas projects supported by the Nigerian Content Development and Monitoring Board (NCDMB) might provide unusual resolution to the prevailing domestic gas crunch which has…
Wabote lays proviso for African local content policy
Sopuruchi Onwuka Executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, has charged African countries the rapidly embrace the Nigerian Content models in trapping the resource benefits for domestic economic development. Engr Wabote who made…
Energy Security: Indigenous players tackle regulators as majors leave
Sopuruchi Onwuka Indigenous companies in the country and government regulators in the petroleum sector are yet to find common grounds on how to effectively capture the reins of operations in the industry as multinational players that have dominated the business…
NCDMB saves Nigeria $2bn on NLNG-7 project
Wabote receives African Icon award Sopuruchi Onwuka Localization of contract execution in the ongoing expansion of the processing trains of the Nigeria Liquefied Natural Gas (NLNG) Limited saved Nigeria princely $2.0 billion of N840 billion during the during the bidding…
NCDMB initiates 6th industrial park
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has activated processes for development of an industrial park in Ondo State, making it the sixth of such facilities to be established across petroleum industry hubs in Niger Delta. According…
