Energy

By PR The Nigerian Content Development Monitoring Board (NCDMB), in partnership with Sweetcrude Limited, publishers of SweetcrudeReports, is pleased to announce the launch of the ‘Champions of Nigerian Content Awards’. This prestigious awards ceremony aims to recognize and celebrate individuals and companies that have made significant contributions to the development of Nigerian content in the oil and gas industry. Awards Ceremony Details The awards ceremony is scheduled to take place on Wednesday, May 21, 2025, at the NCDMB’s world-class conference hall, situated at Yenagoa, Bayelsa State, beginning at 6 pm prompt. The event will hold at the sidelines of the Nigerian Oil and Gas Opportunity Fair ...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) has noted the comments made by the President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr. Festus Osifo, during the union’s recent protest at the headquarters of Sterling Oil Exploration and Energy Production Company (SEEPCO), at Victoria Island, Lagos, over alleged anti-labour practices and expatriate abuses by the company. NCDMB commends the PENGASSAN leader for acknowledging that qualified Nigerian personnel are occupying top leadership and technical positions in most international and indigenous operating oil and gas companies, and are performing creditably in those roles. He noted rightly that Nigerians are executing complex functions in the floating production and storage...

By PR As part of strategies to increase Nigeria’s crude oil production, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, on Thursday in Yenagoa joined the Nigerian Content Development and Monitoring Board (NCDMB), and other key entities of the oil industry to chart a pathway to sustainable growth and prosperity in oil and gas host communities and peaceful operations of oil and gas companies. The minister and key players of the industry participated in the one-day seminar organised by First E&P, a leading indigenous exploration and production company and KEFFESO Host Community Development Trust (KHCDT), with support from the NCDMB. The event was held at the Nigerian Content Tower, Yenagoa, and was attended by Host Community Development Trusts (HC...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) recently marked the International Women’s Day 2025 and it witnessed a huge turnout of female staff and they held interactive sessions with top-flight professionals, learned all they need to overcome gender bias, break barriers, and achieve success in the oil and gas industry. In attendance as resource persons and guest speakers were Ms. Charlotte Essiet, an oil and gas industry professional and drone technology expert, Mrs. Chinwe Jack, a consultant with Nigeria Liquefied Natural Gas (NLNG) Company Limited, and Dr. Mrs Bassey Porbeni-Fumudoh, a consultant obstetrician and gynaecologist at the Federal Medical Centre, Yenagoa. In the lead presentation at the event, Ms. Essiet noted that stereotyping and gender bias ...

By PR The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has reaffirmed the Board’s commitment to advancing Africa’s digital and creative economy in Nigeria. He made this known at the ReImagine Africa Conference and Exhibition held in Port Harcourt on Monday. Speaking on the theme: Generation Africa, Redefining Global Narratives and Opportunities, Ogbe highlighted the importance of technology, research, and development (R&D) in shaping Africa’s economic future. Represented at the event by the General Manager, Corporate Communications and Zonal Coordination, Esueme Dan Kikile commended the ingenuity of the young developers and reaffirmed NCDMB’s commitment to supporting research and innovation. He emphasized the Board’s...

By Ono Yima The Nigerian National Petroleum Company Limited (NNPCL) has suspended the naira-for-crude oil swap deal with domestic refiners, including the Dangote Refinery and other private operators. This decision, which took immediate effect, has raised significant concerns about the future of Nigeria’s energy sector and its broader economic implications. The naira-for-crude policy, introduced on October 1, 2024, allowed local refiners to purchase crude oil in naira rather than in U.S. dollars. This initiative was aimed at strengthening domestic refining capacity, reducing reliance on imported petroleum products, and stabilizing the naira by decreasing pressure on foreign exchange reserves. With the suspension of this deal, local refineries, including the Dangote Refinery, will now ...

By PR The leadership of Heritage Energy & Oil Services Limited and its joint venture partners recently visited the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, and received assurances of support for their operations on oil mining lease (OML) 30. The meeting held at NCDMB’s Lagos liaison office, and the oil company visited with their JV Partners, Shoreline Natural Resources, and NNPC Exploration and Production Limited (NEPL). Heritage is the operator of OML 30 on behalf of Shoreline/NEPCL JV, and the discussions focused on the short, medium, and long term plans around their asset. The group thanked NCDMB for supporting their operations and solicited for accelerated approval of documents relevant to their tenders fo...

Centre: NCDMB Executive Secretary, Engr. Felix Ogbe By PR The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per day (bpd) refinery project being established by African Refinery Group Ltd, in partnership with the Nigerian National Petroleum Company (NNPC Ltd). The share purchase agreement for this investment was signed on Thursday, and it will make NCDMB a key partner in the African Refinery Port Harcourt Limited (ARPHL), being co-located with Port Harcourt Refining Company Limited, operated by the NNPC Ltd, in AlesaEleme, Rivers State. The Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe signed the agreement at the Board’s liaison office in Abuja, while the Mana...

By PR  The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday achieved a much-needed consensus among critical oil and gas industry stakeholders and manufacturers to ramp up in-country production and utilisation of line pipes in oil and gas operations, as part of the strategy to deepen local content, and conserve foreign exchange and create jobs. The Oil Producers Trade Section (OPTS), comprising all international oil companies, and their indigenous counterparts under the aegis of the Independent Petroleum Producers Group (IPPG) met with the leading pipe manufacturing companies and pipe coaters as well as the NNPC Upstream Investment Management Services (NUIMS) at the instance of the NCDMB to take...

Oil Refinery A civic group, Concerned Nigerians, has accused a powerful cabal comprising petroleum importers and officials within the Nigerian National Petroleum Company Limited (NNPCL) of conspiring to undermine local refineries, including the Dangote Refinery, by obstructing their access to crude oil. In a statement signed on Monday by its national coordinator, Obinna Francis, the group alleged that the plot is being orchestrated in collaboration with certain officials of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The plan, they claimed, is designed to create an artificial scarcity of refined petroleum products, thereby forcing Nigeria to return to large-scale fuel importation. “We are shocked that the cabal in the NNPCL is working with importers of fake ...