….As NCDMB Partners with NLNG to Ramp up HCD Training The Nigerian Content Development and Monitoring Board (NCDMB) and Nigeria Liquefied Natural Gas (NLNG) Limited on Wednesday in Port Harcourt inaugurated 140 trainees for an intensive three-month Advanced Nigerian Content Human Capital Development (NC-HCD) Programme for the US$5 billion NLNG Train 7 Project on Bonny […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has firmly stated that no violations of oil licensing guidelines occurred during the 2024 Oil Block Licensing Round, refuting recent allegations made in an online newspaper that suggested otherwise. The Commission clarified that the entire process was conducted in strict compliance with the Petroleum Industry Act (PIA) and […]
SBM Offshore announces it has signed a Share Purchase Agreement for the full divestment of SBM Offshore’s equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol. The Company’s exit from Equatorial Guinea will take place following an operational transition phase lasting up to 12 months. SBM Offshore’s sale of its participation in […]
Oando PLC Nigeria’s leading indigenous energy solutions company with primary and secondary listings on the Nigerian and Johannesburg Stock Exchanges, today announced the successful upsizing of its Reserve Based Lending (RBL2) facility to $375 million. The refinancing, led by the African Export-Import Bank (Afreximbank) with the support of Mercuria, extends the final maturity date of […]
ADES Holding co. has announce that it has been awarded a new contract for the use of Admarine 510 in Cameroon, marking ADES’ entry into its 13th country of operations and continuation of Company’s expansion across the high-potential West African market. The contract duration and scope include a one-year firm contract which is commencing in […]
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has been appointed into the Executive Board of the African Petroleum Producers’ Organization (APPO). By the appointment, Ogbe becomes Nigeria’s representative on the Board of the 18-member continental body, which has its headquarters at Brazzaville, Republic of the Congo. […]
The Nigerian honorable Minister of State for Petroleum (Gas) has revealed the Government released of over ₦165 billion in equity investments to 10 midstream and downstream gas companies under the Midstream and Downstream Gas Infrastructure Fund (MDGIF), describing the act as a strategic funding that underscores President Bola Ahmed Tinubu’s unwavering commitment to unlocking the […]
[30th Day of April, 2025] WHEREAS, the operating costs in the Nigerian oil and gas sector have been observed to be high compared to global average, arising mainly from prolonged project execution timelines and local content requirements; WHEREAS, the President has in response to the high operating costs, issued policy directives on the reduction of […]
Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell plc, signed an agreement with TotalEnergies EP Nigeria Limited on May 28 to acquire its 12.5% stake in the OML 118 Production Sharing Contract (OML 118 PSC), an oil mining lease offshore Nigeria that includes the Bonga field. Upon completion, this transaction increases Shell’s […]
……as Minister Lists Gains of PIA, Executive Orders Multibillion dollars opportunities across the oil and gas industry value chain were showcased at the Nigerian Oil and Gas Opportunity Fair organized by the Nigerian Content Development and Monitoring Board (NCDMB) recently in Yenagoa, Bayelsa State. In his remarks at the event, the Executive Secretary, NCDMB, Engr. […]
