The ongoing and planned divestments of onshore assets by some international operating oil and gas companies (IOCs) and subsequent acquisition by Nigerian operating companies must not be allowed to impact negatively on the level of compliance with the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and remittance of tax revenues to the Federal […]

Shelf Drilling said that it has secured contracts for the Adriatic I and the Shelf Drilling Mentor jack-up rigs foroperations offshore Nigeria for firm durations of 16 months and 8 months, respectively. The combined estimated contract value for the two rigs is approximately USD 93 million, excluding revenues for mobilization and demobilization.  Both rigs completed […]

PetroNor E&P has increased its investment portfolio in Nigeria oil and gas sector by new venture  into a binding agreement with New Age (African Global Energy) to acquire New Age’s interests in OML 113 in Nigeria which contains the Aje Field. This acquisition not only strengthens the company’s position in OML 113 but also opens […]

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi KesiyeWabote, has commended Abia State Governor Dr. Alex Otti for the decision of his Administration to establish the Abia Industrial Innovation Park (AIIP), Owaza, in Ukwa West Local Government Area of the State.     In a Goodwill Message at the groundbreaking ceremony […]

With the goal of quickly ramping up Nigeria’s flagging crude oil production, ensuring compliance with the provisions of the Nigerian Content Act, and timely approvals of documents, the Nigerian Content Development and Monitoring Board (NCDMB) on Monday in Abuja signed a Memorandum of Understanding (MoU) cum Service Level Agreement (SLA) with the Nigerian National Petroleum […]

The Nigeria current crude oil production is expected to add up with 40KBPD according to a pledge made by the ExxonMobil President Liam Mallon to the Nigerian President Mr. Ahmed Bola Tinubu at the sideline meeting of the 78th United Nation General Assembly. The good news was disclosed by the Nigerian presidential spokesperson Ajuri Ngelale […]

Winners of the 7th Nigerian Content Annual National Undergraduate Essay Competition, 2023, were unveiled on Wednesday at the Lady Daima Memorial Event Center, Yenagoa, Bayelsa State at a well-attended ceremony. It was the Grand Finale of the competition, with the top 10 finalists awarded prizes. Overall best was Miss Iruoma Favour Lazarus, a 200-level student […]

Nigerian President Bola Ahmed Tinubu has stood on his maiden address to world leaders at the 78th United Nations General Assembly held in New York highlighted the essence on which the body was established and benefits and expectations of its establishment. Speaking at this year event with the theme: “Rebuilding Trust and Reigniting Global Solidarity: […]

Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has commended the Nigerian Content Development and Monitoring Board (NCDMB) for its ] intervention in the construction of the proposed Centre for Skills Development and T raining (CSDT) at Omagwa, Ikwerre Local Government Area of Rivers State. The project, initiated by the Petroleum Technology Development […]

The Nigerian crude oil production in the month of August seems t  o generating discordant tunes. This based on the conflicting figures coming from Organization of the Petroleum Exporting Countries (OPEC) and one recently released from the Nigerian National Petroleum Limited NNPCL. OPEC has disclosed on its monthly oil market portal an uptick in the […]