Energy

By PR The Nigerian Content Development and Monitoring Board (NCDMB) is delighted to announce that Professor Emmanuel Ibe Kachikwu, former Minister of State for Petroleum Resources, and former chairman of NCDMB’s Governing Council, will serve as the Role Model and Guest Speaker at the NCDMB Business Mentorship Lecture Series (BMLS) for Q3 2025. This edition of the BMLS will be held on Monday, September 8, 2025, from 10am via Zoom Webinar and NCDMB’s YouTube channel. The session will be moderated by Richmond Osuji, a leading event compere in the oil and gas industry. Launched in 2019 under Section 67 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010, the Business Mentorsh...

By PR Capacity building for Nigeria’s maritime sector received a boost on Friday in Port Harcourt, Rivers State, as 39 young graduates underwent preliminary processes for cadetship under a Nigerian Content-Human Capacity Development (NC-HCD) programme of Chevron Nigeria Limited and Intels Nigeria Limited. The NC-HCD initiative, patterned after the 60:20:20 Strategic Training Model of the Nigerian Content Development and Monitoring Board (NCDMB), provides for sea time experience and Certificate of Competence (CoC) training, practical exposure, and real-time experience across multiple technical domains within the facilities of the of Lagos-based StoilicShipping Limited, a leading member of the International Maritime Professionals Association (IMPA). &...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday in Port Harcourt organized a workshopfor media stakeholders and youth groups, providing profoundinsights into the structural organisation, internal workings, accomplishments and operational targets of the agency after 15 epochal years as an effective driver of local content and regulator in the oil and gas industry. Billed as a signature event of the NCDMB, having been held regularly since the beginning of the Board in 2010, the workshop also acquainted participants with procedures for registration for employment or training programmes in industry-related skill sets, engagement as industry contractors or vendors, and also the Board’s ‘C...

By PR The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Coppercrux Limited, on Monday in Port Harcourt flagged off a 5-day Awareness and Capacity Building Workshop for youths in the South-South region on compressed natural gas (CNG) technologies and the associated value chains. Areas covered on Day 1 of the training programme include “Introduction to CNG and Energy Transition: Awareness, Importance and Benefits,” “Presidential CNG Initiative: An Overview,” and “Economic Opportunities for Youths in the Green Energy Sector,” with interactive sessions during intervals for questions and answers between participants and resource persons.  In a welcome address at the event, the Executive Secretary ...

By Els William Abia State Governor, Dr. Alex Otti, has reaffirmed his administration’s commitment to the speedy realisation of the proposed 10,000 barrels per day (bpd) modular refinery project at the Abia Industrial and Innovation Park (AIIP), Owaza.The project, being undertaken by HSI Energies Group, is expected to generate at least 1,000 direct jobs and countless indirect employment opportunities for residents of the state. Otti Reassures on Industrial Growth Speaking in Umuahia while receiving a delegation of HSI Energies Group led by its Group Chief Executive Officer, Mr. Ugwumba Okezie Nwosu, Governor Otti said his government had been working to create a conducive business environment for industries to thrive.He noted that the AIIP, which spans 2,000 hectares of land, has be...

By Ali Elias On Friday, a delegation from the Nigerian Content Development and Monitoring Board (NCDMB) and DMG Events met with the Chief of Staff to the Bayelsa State Government, Hon. Peter Akpe, PhD, to commence preparations for the 2025 edition of the Practical Nigerian Content (PNC) Conference. The meeting sought to brief the Bayelsa State Government and secure its continued partnership and support for the successful hosting of the annual event. This year’s conference, themed “Securing Investments, Strengthening Local Content and Scaling Energy Production,” will be held from December 1–4, 2025, at the 1,000-seater NCDMB Conference Hall in Yenagoa.  Delegations from NCDMB and DMG Events The NCDMB delegation was led by Dr. Obinna Ezeobi, General Manager, Corporate Commun...

A high-powered delegation from the Nigerian Content Development and Monitoring Board (NCDMB),led by Engr. Abayomi Bamidele, Director of Capacity Building, and Barr. Esueme Dan Kikile,General Manager, Capacity Building, yesterday visited the Government Technical College (GTC)Port Harcourt project site.The team was accompanied by other senior officials of the Board and joined by members of thesenior management team of Renaissance, underscoring NCDMB’s continued commitment to technicaleducation and infrastructure development in the Niger Delta.

By Els William The Nigerian Content Development and Monitoring Board (NCDMB) has held a strategic engagement with media practitioners and youth stakeholders in the Niger Delta region, reaffirming its commitment to capacity building and deepening collaboration in the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. The one-day forum, held at Sparklyn Hotel, New GRA, Port Harcourt, Rivers State, was convened in line with Sections 67 and 70(n) of the NOGICD Act 2010. It served as a platform to strengthen relationships between the Board, media professionals, and youth groups, while providing clarity on NCDMB’s operational frameworks.In his opening remarks, Dr. Obinna Ezeobi, General Manager, Corporate Communications and Zonal Coordination, emphasized...

Photo courtesy: TBI By Ali Elias When Saudi Aramco went public on Riyadh’s Tadawul exchange in December 2019, it was billed as the listing of the decade. It raised approximately $25.6 billion–$29.4 billion, achieving a market capitalization that flirted with $2 trillion—eclipsing global giants and marking a seismic moment for the kingdom’s economy.Yet today, six years on, Aramco’s financial performance reads more sobering than stellar. Its total return to investors since the IPO is a mere 16%, a figure notably lower than indices for Western oil majors. Meanwhile, experts such as Bloomberg columnist Javier Blas suggest Aramco trails even heavily sanctioned entities like Rosneft in shareholder returns, whereas Exxon, Shell, and Chevron have delivered gains exceeding 50%.Contributing t...

Photo courtesy: TBI By Ali Elias Nigeria’s oil and gas industry is becoming more inviting to local and foreign investors, according to Renaissance Africa Energy Company. At the 50th anniversary of the Nigerian Association of Petroleum Explorationists (NAPE), Managing Director Tony Attah highlighted that recent reforms are reshaping the sector and readying it for growth.Attah credited three major reforms for the shift: the Petroleum Industry Act (PIA), the Nigerian Oil and Gas Industry Content Development Act, and the rebranding of Nigeria’s oil company, NNPCL. He said these changes have helped build investor trust and fostered a pool of skilled Nigerian professionals.He also pointed out that the new NNPCL board is filled with experienced leaders from international oil companies, whi...