Shell and Fox Petroleum have recently rekindled their investment interests in the Nigeria energy sector. While Shell is proposing about $5 billion offshore oil investment opportunity in Nigeria and pledged to spend a further $1 billion in five to 10 years to boost natural gas output for domestic supplies and exports, Fox Petroleum is expected […]
The Nigeria President Bola Tinubu has appointment Felix Omatsola Ogbe as the new Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) replacing the outgoing Executive Secretary Engr. Wabote Simbi The announcement which came at peak of just concluded Practical Nigerian Content 2023 in Yelnegoa in Bayelsa was made in a statement issued […]
The 12th Practical Nigerian Content Forum 2023 got underway on Tuesday at the Nigerian Content Towers, Yenagoa, with the outgoing Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote announcing that the agency has completed 83percentof the 96 initiatives it started under the Nigerian Content 10-year Strategic Roadmap. The […]
The 17-story Nigerian Content Tower (NCT), Headquarters of the Nigerian Content Development and Monitoring Board (NCDMB), Swali, Yenagoa, is set to host oil and gas industry eggheads and policy makers as the yearly Practical Nigerian Content (PNC) Forum 2023, 12th edition, kicks off on 4th December. The Minister of State for Petroleum Resources (Oil), Senator […]
The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari, expresses gratitude to Stakeholders and Nigerians for their enthusiasm regarding his reappointment by the President and Commander-in-Chief of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu, GCFR. Viewing this reappointment as a renewed challenge, Kyari is committed to […]
The Nigerian National Petroleum Company (NNPC) Limited and the Group Chief Executive Officer (GCEO), Malam Mele Kyari, have won the 2023 Nigeria GovTech Awards for exceptional service delivery in the public sector. While the National Oil Company won the Best Federal MDA in Digital Initiatives in Reengineering Government Processes Award, the GCEO carted home the […]
The Nigerian current administration is resilent in that the country is sufficient when it comes to supplies of petroleum products in this course, also making available to her citizenry in very affordable cost. This is following the recent promise made by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri declaring full support for […]
A new chapter in human capital development (HCD) for enhanced local content implementation in the hydrocarbons subsector began on Tuesday with the inauguration of an Oil and Gas Sector Skills Council and launch of National Occupational Standards (NOS) Project. Recommended by the Education and Training Sector Working Group of the Nigerian Content Consultative Forum (NCCF), […]
Nigeria has shown a committed interest in withdrawing civil claims totaling $1.1 billion against Italian energy group Eni as related to allegations of corruption in dealing with oil well licensing in the country, Bloomberg News reported recently. According to the report as obtained from our source, Nigeria justice ministry is expected to waive the claims before […]
Africa Oil and Gas has stated in its recent Q3 2023 operations update that the Nigeria OML 127 has been voluntarily converted to operate under the new Petroleum Industry Act from March 1, 2023, and is now subject to 30% Corporate Income Tax regime compared to the previous 50% Petroleum Profit Tax regime. Meanwhile OML […]
