Nigeria incurs huge costs on imported oil equipment

Nigeria is spending a fortune on the importation of oil and gas equipment because of the poor state of local market. At an energy...

NCDMB fund hits $200m, commits N2bn to construction of fabrication yards

The Nigeria Content Development and Monitoring Board, NCMDB, said it currently has over US$200 million in its Fund, to promote the execution of projects...

Nigeria lost over $100 billion to foreign crude tankers in 5 decades – NCDMB

The Nigerian economy lost over $100bn in five decades by allowing its crude oil to be carried exclusively by foreign owned tankers, the Executive...

NNPC warns NASS on PIB delay

The group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mr Andy Yakubu, has challenged the National Assembly (NASS) over the continued...

Nigerian content: Indigenous upstream participation exceeds 30%

Indigenous exploration and production companies now control over 30 per cent of the upstream segment of the country’s oil and gas industry, the Group...

Nigerian Content Act makes little impact in terms of local manufacturing

Three years after President Goodluck Jonathan signed the Nigerian Content bill into law to ensure domestic domiciliation of activities in the oil and gas...

Alison-Madueke, Nebo, others to meet on Thursday, August 22, over PIB

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, Minister of Power, Prof. Chinedu Nebo, lawmakers, top officials and regulators in the oil and gas industry will...

Support gathers for PIB, as IOCs commit further to Nigeria – Membere

The Petroleum Industry Bill (PIB) is approaching its third reading, but its secure passage out of the legislative mire and into law is not...

Alison–Madueke tasks operators on nuclear regulations

The Minister of Petroleum Resources,Mrs. Diezani Alison-Madueke, has called on operators and service providers in the oil and gas industry to cooperate with the...

LADOL has capacity for Egina FPSO project – Advocacy Group

The Nigerian Content Advocacy Group has stated that the Lagos Deep Offshore Logistics (LADOL) has the capacity to fabricate the local component of the...

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