NCDMB to spend U.S. $100 Million on oil and gas parks

The Nigerian Content Development and Monitoring Board (NCDMB) is to expend over $100m on its proposed Nigerian Oil and Gas Parks Scheme under which...

$3.8bn Egina project takes off in Apapa

The $3.8 billion Egina floating production storage and offloading  (FPSO) situated at Lagos Deep Offshore Logistics (LADOL) base, Apapa has commenced operation. This is sequel...

NCDMB tightens rules on gas cylinder importation

Any importation of gas cylinder into the country must be approved by the Nigerian Content Development and Monitoring Board (NCDMB), the agency has said. The...

Operators want Nigerian content implemented in power sector

Indigenous contractors and manufacturers of meters and other equipment in the power sector have called for the replication of the Nigerian Content policy in...

Caverton unfolds two-year marine business expansion agenda

The management of Caverton Offshore Support Group (COSG) has concluded plans to increase its marine business units in the next two years. COSG, is a...

$3.8bn Egina project takes off, to create 50,000 jobs

Fresh hopes have emerged for the successful implementation of the Egina oil and gas project valued at about 3..8 billion dollars, following a renewed...

Nestoil achieves 3 million LTI-free man hours on Soku project

It was celebration time at the Abuloma, Port Harcourt base of Nestoil Plc as both management and staff rolled out the drums to celebrate...

Inadequate funds hamper Technova’s $200m pipe mill

Funding has stalled the implementation of a $200-million Technova pipe mill project in Ologun, Edo State, the Executive Secretary, Nigerian Content Development and Monitoring...

Discos urged to patronise local meter manufacturers

Manufacturers of prepaid and post paid electricity meters in the country have urged the  electricity distribution companies, DISCOs, to begin to look inwards and...

Samsung, LADOL reach out-of-court settlement on $3.8bn Egina project

Indications emerged at the weekend that Samsung Heavy Industries (SHI) Nigeria Limited, the first subsidiary of Samsung Heavy Industries of Korea to be established...

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