Giving foreign firms a run for their money in the maritime logistics sector

The marine logistics subsector is set for greater things. Two local firms have acquired five ships to boost their operations. The Ocean Marine Tanker...

PIB will attract investments when passed into law – Membere

Group Executive Director of the Nigerian National Petroleum Corporation, (NNPC), Abiye Membere, has said that the Petroleum Industry Bill (PIB) would attract investments if...

Federal Government, IOCs still at loggerheads over PIB

Stakeholders in the oil and gas industry were full of optimism when President Goodluck Jonathan presented the repackaged Petroleum Industry Bill, PIB, to the...

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...

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...