Energy

…PR Given the importance of Research and Development to growing Nigerian Content in the oil and gas industry and meeting the objectives of the Nigerian Content 10-year strategic roadmap, the Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday began a 3-day Research and Development (R&D) Zonal Workshop for oil industry players and the academia. The workshop was held at the Federal University of Technology, Owerri (FUTO) in Imo State and it focused on needs-driven research and how to deepen collaboration and linkages between the oil and gas industry and the academia. Other objectives...

AMIN NASSER, SAUDI ARAMCO CEOPhoto courtesy: : F. Carter Smith | Bloomberg | Getty Images By Ali Elias HOUSTON, USA — Amin Nasser, CEO of Saudi Aramco, delivered a compelling message on Monday at the CERAWeek by S&P Global energy conference in Houston, Texas. Nasser challenged the prevailing narrative of the energy transition, urging policymakers to reassess their approach, according to CNBC "In the real world, the current transition strategy is visibly failing on most fronts as it collides with five hard realities," remarked Nasser during a panel interview. With applause from the audience, Nasser proposed a bold reset of the strategy: "We should abandon the fantasy of phasing out oil and gas and instead invest in them adequately reflecting realistic demand assumptions.".Hi...

Mr. George Olutope Onafowokan (4th right) and Engr. Felix Omatsola Ogbe (5th right) with others By PR The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has commended Coleman Wires and Cables for its remarkable accomplishments as a world-class manufacturer of top-grade cables for industrial use and other purposes. The NCDMB boss was particularly impressed with the breakthrough the company has made in the manufacture and deployment of cables for different industries, including fibre-optic cables used in the telecommunication sub-sector, which was hitherto entirely dependent on imports and foreign expertise. At a meeting at the Nigerian Content Tower (NCT), Yenagoa&n...

By PR UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-track the project’s development. The request was made on Wednesday at the Nigerian Content Tower in Yenagoa, Bayelsa State when the Executive Secretaryof NCDMB, Engr. Felix Omatsola Ogbe hosted the management of UTM Offshore Limited led by the Group Managing Director,Mr. Julius Rone. The target completion date of the FLNG project is 2028 and it hopes to contribute about 450,000 tonnes of liquified petroleum gas (LPG), otherwise known as ...

By PR The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Monday applauded President Bola Ahmed Tinubu, GCFR, for announcing three Presidential Executive Orders directed at incentivizing the Nigerian oil and gas industry, encouraging new investments in the sector, reducing contracting costs and timelines, and promoting cost efficiency in local content requirements. The Executive Orders are the Oil and Gas Companies (Tax Incentives, Exemption, Remission, ETC) Order 2024;Presidential Directive on Local Content Compliance Requirements, 2024 (EO 41); and Presidential Directi...

NCDMB Executive Secretary, Engr. Felix Omatsola Ogbe,(3rd right) … PR The Nigerian Content Development and Monitoring Board (NCDMB) is partnering the Training Arm of the Independent Corrupt Practices and Related Offences Commission (ICPC) in risk assessment of procurement and human resources processes at the Board in a push for excellence and transparency Initiated by the Anti-Corruption and Transparency Unit (ACTU) of the NCDMB as part of its 2024 Action Plan, the Comprehensive Risk Assessment in the Procurement and Human Resources (HR) Departments is intended to identify and assess corruption risks in processes within those two critical functional organs, “evaluate the effectiveness of existing control mechanisms,” “recommen...

By PR Oil and gas industry stakeholders and leading academics on Tuesday began a three-day Research and Development (R&D) Zonal Workshop at the Niger Delta University (NDU), Amassoma, with special focus on needs-driven research and deepening of collaboration and linkages, sponsored by the Nigerian Content Development and Monitoring Board (NCDMB). The workshop provides a forum for discussions and demonstration of research breakthroughs on software and hardware as they relate to oil and gas industry needs, bioremediation and related oil field chemicals solutions, such as additives and drilling fluids, and renewable solutions to meet industry needs. Scheduled to be hosted in the six geopolitical zones of the country by NCDMB Centres of Excellence in six universities, the workshop...

By Tayo OLU, writes from Ondo State Nigeria, Africa’s largest oil producer, has long grappled with the irony of exporting crude oil while relying heavily on imported refined fuels. The situation, driven by the near-inoperable state of its domestic refineries, has hampered economic growth and exposed the nation to the vulnerabilities of global oil price fluctuations. This challenge led the Nigerian National Petroleum Company Limited (NNPCL) under the leadership of Group Chief Executive Officer (GCEO), Mallam Mele Kyari, to commence an ambitious gas development strategy. A major proof of this drive was the signing of a $741 million contract between the NNPCL and Daewoo Engineering and Construction to rehabilitate the idled 110,000-barrel-per-day Kaduna Refinery. The quick-fix mainte...

NCDMB Team By Ali Elias The Nigeria Oil and Gas Industry Games (NOGIG) 2024 football tournament had some really exciting semi-final matches last Saturday. Now, everyone's looking forward to the big final match between the Nigerian Liquefied Natural Gas (NLNG) and the Nigerian Content Development and Monitoring Board (NCDMB) teams, in Abuja, come April. In a thrilling game at the Shell Residential Area in Port Harcourt, NCDMB won against the current champions, the Nigerian National Petroleum Corporation (NNPC), with a score of 1-0. This means NNPC won't be able to go for the gold medal this time. In the other semi-final, NLNG also made it to the final by winning 1-0 against the National Midstream Downstream Petroleum Regulatory Agency (NMDPRA). NLNG had a great run in the gr...

MINISTER OF STATE FOR PETROLEUM RESOURCES (OIL), SENATOR HEINEKEN LOKPOBIRI WITH DIRECTOR, CORPORATE SERVICES, NCDMB, DR. AMA IKURU AND SOME DELEGATES FROM THE NCDMB By Ali Elias The Nigerian Content Development and Monitoring Board (NCDMB) received the Excellence Award at the Nigerian Content Award 2023 during the Nigeria International Energy Summit (NIES) 2024. The Industry Awards Gala, held on the second day of the week-long Summit in Abuja starting February 26, 2024, was sponsored by NCDMB. It honored outstanding industry players for their excellence. Earlier during their presentation, the Board offered insights into the Nigerian Content Journey since the enactment of the Act in 2010. The focus was on promoting the localization and enhancement of value-added activities ...