Energy

By PR Nigerian Content Development and Monitoring Board (NCDMB) and Shell Nigeria Exploration and Production Company (SNEPCO) on Wednesday recorded a major breakthrough in capacity building for oil- and gas-related offshore operations with the graduation of 20 professional divers as Dive Medic Technicians (DMTs) at the Petroleum Training Institute (PTI), Effurun, Delta State. The 20 DMTs who have already secured full-time employment by oil and gas companies are the first set of such professionals to be trained locally in Nigeria. In the absence of indigenous manpower in that area of industry operations, foreigners had been dominant, and Nigerians had to be sent to South Africa for training and certification by the International Marine Contractors Association (IMCA), with its internat...

By Ono Yima Engr. Abayomi re-emphasized this fact, NCDMB having been recognized as such for many years, consecutively, by the Presidential Enabling Business Environment Council (PEBEC), during a panel discussion, "Nigerian Content as a Business Enabler" at the NOG week 2024. The panel was moderated by Rosario Osobase, Chairperson of the Petroleum Contractors Trade Section (PCTS) and Managing Director of Tenaris Nigeria. The panelists included Abayomi Bamidele, Director, Project Certification and Authorization at the Nigerian Content Development and Monitoring Board (NCDMB), and Isaac Yalah, Director, PRS, who was represented by Mr. Silas Ajimijayi, General Manager, Research and Statistics Development Division (RSDD) at NCDMB. In his introductory remarks, Mr. Silas Ajimijayi highli...

By PR The attention of NNPC Retail Limited has been drawn to a recent video clip making rounds on social media (X to be precise) concerning a fuel pump attendant in one of NNPC filling stations. In the said video, customers were coerced to purchase lubricants or engine oil as a prerequisite for purchasing or dispensing Premium Motor Spirit (PMS), also known as petrol. Still in the video, the attendant alleged that this was a directive from NNPC Retail Management. NNPC Retail wishes to state unequivocally that the allegation is entirely false and does not represent the Company’s Customer Service Charter. At all NNPC Retail filling stations, customers are not obligated to purchase lubricants or engine oil or other products as a precursor to buying PMS (petrol).  Speaking fur...

By PR A total of 2,659 members of the National Youth Service Corps (NYSC) across Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise. Billed to hold from July 2nd to 10th, 2024, the exercise is an integral part of the NNPC Foundation’s Financial Literacy Program for Nigerian youths that witnessed the engagement of over 284,000 corps members, who underwent rigorous training and assessments. Speaking on the exercise, the Managing Director of NNPC Foundation, Mrs. Emmanuella Arukwe said the selection criteria will focus on the feasibility and sustainability of the business idea, market relevance, competitive edge and innovation, scalability, potential impact on the community and the entrepreneurial spirit of the corps members. ...

By PR Nigeria LNG Limited (NLNG) on Thursday in Abuja said there is real demand for clean energy such as gas in Africa to trigger a massive take-off for industrialisation, with a growing young population, abundant natural resources, and emerging internal markets. In an industry speech on Day four of the 7th Nigeria International Energy Summit (NIES) by NLNG's Managing Director and Chief Executive Officer, Dr. Philip Mshelbila, represented by the Company's Deputy Managing Director, Mr. Olakunle Osobu, stated the potential for growth in Africa relies heavily on energy to provide the necessary amenities in line with the UN Sustainable Development Goals. He stated that gas remains a viable revenue generation strategy, experiencing a surge in demand due to its role as a clean energy op...

By PR ​The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, on Tuesday, expressed optimism regarding the recent Executive Order on Oil and Gas Reforms signed by Present Bola Ahmed Tinubu (GCFR). According to Dr. Mshelbila, this executive action will be crucial in unlocking the development of non-associated gas (NAG) in Nigeria, thereby driving domestic gas utilisation and ensuring a stable gas supply for NLNG's growth project, Train 7. In an interview on the Global Business Report programme on Arise Television, Dr. Mshelbila highlighted the significant impact of the Executive Order on the gas industry. He emphasised that the Executive Order would incentivise the much-needed investments, addressing specific challenges hindering ease...

By PR The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Monday in Abuja hailed the Presidential Directive on Local Content Compliance Requirements as crucial for enhanced competitiveness and mitigation of risks in regard to unqualified contractors, just as he unveiled five focal areas for implementation of the policy initiative. The Executive Secretary spoke at the Nigerian Content Seminar, the opening day of the Nigerian Oil and Gas (NOG) Energy Conference, in Abuja. The NCDMB boss listed the areas as ‘Promoting the Utilisation/Growth of In-country Capacities,’ ‘Enhancing the Cost Competitiveness of Oil and Gas Projects,’ ‘Non-inclusion of Intermediary Entities Lacking the Essential Capacity to Perform from the Niger...

By PR A two-day capacity building workshop on Nigerian Energy Law and Practice, hosted by the Nigerian Content Development and Monitoring Board (NCDMB), in conjunction with the Nigerian Bar Association (NBA) and Institute of Continuing Legal Education (ICLE), kicked off on Monday at the Nigerian Content Tower (NCT), Corporate Headquarters of the Board, in Yenagoa, Bayelsa State. The event which had in attendance over 700 lawyers, drawn from all states of the South-South geopolitical zone, is intended to acquaint Members of the Bar with the nature and operations of Nigeria’s oil and gas industry, as well as legal enactments and regulations from the earliest beginnings, and thus broaden the participation of Nigerian legal practitioners in the sector. In introductory remarks at the o...

By PR In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry. Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, disclosed this in a keynote address at the opening ceremony of the 23rd edition of the Nigeria Oil & Gas Conference and Exhibition (NOG Energy Week) in Abuja, on Tuesday. “We have decided to stop the debate. We have declared war on the challenges affecting our crude oil production. War means war. We have the right tools. We know what to fight. We know what we have to do at the level of assets. We have engaged our partners. And we will work together to improve the situation,” the GCEO declared. According to him, a detailed analysis of a...

Abdulmalik Halilu (2nd left) By Ono Yima Abdulmalik, director of monitoring & evaluation, NCDMB made this point during a Panel Discussion titled, “Exportation of Local Capacity: Maximizing Regional Opportunities” The director pointed out that local content is about building and sustaining capacity, which requires thinking beyond the oil and gas sector and even beyond Nigeria. He emphasized the importance of faith in the law, noting that President Bola Ahmed Tinubu has passed executive orders to support this. Abdulmalik stressed that capacity building is essential before discussing capacity exportation. He noted that the NCDMB supports AfCFTA, emphasizing that local content stands for value addition and our local content must meet global standards. The panelists discus...