Energy

By Ono Yima The Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, has assured stakeholders in the oil and gas industry, and other Nigerians, that the federal government is firmly committed to the local content agenda. He stated this in his Opening Address at the 2024 Nigerian Oil and Gas (NOG) week, with theme “showcasing opportunities, driving investment and meeting energy demand”, currently going on at the International Conference Centre, Abuja. “It is encouraging to note that the Federal Government is firmly committed to the Local Content agenda. Earlier this year, His Excellency President Bola Ahmed Tinubu GCFR, issued a Presidential Directive on Local Content Compliance Requirements. “This directive aims to deepen local content in the Nigerian oil and gas industry, en...

Photo courtesy: Instagram By Ono Yima The 2024 edition of the Nigerian Oil and Gas (NOG) week started off on playful tone with oil and gas professionals and other golf enthusiasts sweating it out over a golf tourney to herald the annual event.   The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe (FNSE), performed the tee-off of the NCDMB sponsored Golf Tournament at the International  Ibrahim Babaginda Golf course, Abuja,  Sunday, June 30th. Photo courtesy: Instagram The annual Golf Tournament is part of activities to mark the beginning of the NOG Energy week with several stakeholders in the industry participating. The tournament enjoyed ideal weather and the lush surroundings that perfectly complem...

By PR SAIPEM Daewoo Unincorporated Joint Venture (SDUJV), in partnership with the Nigerian Content Development and Monitoring Board (NCDMB), on Wednesday commissioned and handed over a fully equipped Information and Communication Technology (ICT) Centre to Bonny National Grammar School (BNGS), Bonny, in a joint effort to foster digital education in the community.  Facilities at the Centre include 31 units of personal computers, software, high-performance servers, security system (Advanced Firewall), videoconferencing equipment, an interactive screen, and power back-up. Speaking at the commissioning ceremony in Bonny, the Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, said, “The Centre represents more than just computers and Internet facilities and accessori...

The domestic crude oil supply crisis that recently led to accusations and denials in the oil sector may warrant an investment plunge in the industry, operators declared on Wednesday; according to Punch. According to operators at the Lagos Chamber of Commerce and Industry, the crisis may damage the confidence of International Oil Companies and investors in refineries. This came as a section of the 650,000-capacity Dangote Petroleum Refinery caught fire on Wednesday, sparking reactions on social media as videos of the incident went viral. The management of the facility, however, allayed fears about the incident, as it stated that the situation had been put under control, adding that no one was harmed by the fire outbreak. Meanwhile, the LCCI charged the Federal Government to prev...

By PR “This is a major project of monumental value to our country. What this means is that this is the only way we can deliver the gas revolution. I am very happy and convinced that, latest by the middle of August, we will complete this project” In yet another major step towards boosting nationwide gas supply to drive industrialization and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) is set to deliver the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project.  Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, confirmed this during an inspection tour of the OB3 pipeline River Niger Crossing operation at Aboh, Delta State, on Saturday.  By design, the OB3 Gas pipeline is the inter-connector which links the Eastern gas pipeline network to...

Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC/Aiteo Joint Venture on OML 29, confirms that after completing the joint investigative visit to the spill site with all stakeholders, as mandated by regulations, it will reopen its facilities for production. AEEPCO will also continue to implement all required spill management protocols simultaneously. AEEPCO’s Group Managing Director, Victor Okoronkwo, discloses: ” After a comprehensive evaluation of our operations and infrastructure at the Nembe Swamp Field, we are delighted to confirm the resumption of production activities. “Our dedicated team has worked diligently to address the issues caused by the recent incident and implemented enhanced safety protocols to prevent future occurrences. We have engaged...

By Ali Elias Dangote Industries Limited (DIL) has made a startling accusation against International Oil Companies (IOCs) operating in Nigeria, alleging that they are intentionally sabotaging the operations of the Dangote Oil Refinery. This claim was made by Devakumar Edwin, Vice President of Oil and Gas at DIL, during a training program for energy journalists. According to Edwin, the IOCs are hindering the refinery's progress by artificially inflating the prices of locally sourced crude oil. This accusation suggests that the IOCs are engaged in anti-competitive practices, potentially undermining the success of the Dangote Oil Refinery and Nigeria's energy sector as a whole. He acknowledged the efforts of Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to ensure that the dom...

Photo by NS Energy: AKK Gas Pipeline By PR The Federal Government has highlighted the huge multiplier impact of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project on the nation's economic growth and industrialisation. This was made known during the visit of three cabinet Ministers to the AKK Gas Pipeline Project Site, where they inspected the river Kaduna crossing milestone of the project in Kaduna, on Friday. This is coming just as the Group CEO of NNPC Ltd., Mr. Mele Kyari assured Nigerians that the Project will be delivered by the end of first quarter, 2025. The three Ministers who visited the Project Site were: Minister of Finance / Coordinating Minister of the Economy, Mr. Wale Edun; Minister of Information & National Orientation, Mr. Mohammed Idris Malagi and Min...

By PR The execution of the Ubeta Field Development Project by TotalEnergies Exploration and Production Nigeria Limited and the Nigerian National Petroleum Company Limited (NNPCL) will create thousands of jobs in the country and catalyse the economy, the Nigerian Content Development and Monitoring Board (NCDMB) said on Thursday. The Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, stated this at the signing of the Final Investment Decision (FID) by the project promoters and their contractors, in Abuja. The Ubeta Field Development Project is being developed under Oil Mining Licence (OML) 058, with an expectation to produce 300 million standard cubic feet of gas per day (mmscfd). Billed to commence production in 2027, the Ubeta Field facility, located about 80 kilomet...

By PR In a major step towards boosting Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has officially announced a 550 million USD Final Investment Decision (FID) on the Ubeta Field Development Project. The milestone is in line with President Bola Ahmed Tinubu’s Presidential Executive Order on Oil & Gas Reforms aimed largely at improving the investment climate and positioning Nigeria as the preferred investment destination for the Oil & Gas sector in Africa. The Ubeta field discovered in 1964, North-West of Port Harcourt in the eastern part of the Niger Delta will, once on stream, produce about 350MMScf/day of gas and 10,000 BBLS/day of associated liquids, tapping into the vast gas reserves and contributing towards securing gas supply to the Nigeria Liquiefied N...