Category: Local Content
Refineries want access to loan
Eko Refinery and Petrochemical Company has appealed to the Federal Government to support local refiners with sovereign guarantees loans for the completion of their modular refineries. The News Agency of Nigeria (NAN) has reported. Mr Emmanuel Iheanacho, the Chairman of the Company, made the appeal in Lagos against the backdrop of local refiners’ inability to…
Samsung targets future opportunities in Nigeria after $3.3bn Egina FPSO success
With the successful completion of the Egina Floating Production Storage Offloading (FPSO) unit and the achievement of First Oil in the facility, Samsung Heavy Industries, along with partners, could be justified in spending time looking back with pride. The Sun has reported. According to a statement by the company, at the weekend, the completion of…
22 Nigerian academics conduct research in Shell programme
Twenty-two members of the academia from 12 Nigerian universities have begun research attachments at The Shell Petroleum Development Companies of Nigeria (SPDC), in several fields of study in the latest phase of the sabbatical and internship programme of the SPDC Joint Venture introduced in 1980. The number represents 13 per cent increase from the outgoing…
We generated over $2bn from oil block licences to fund 2019 budget —Kachikwu
Oke Peter with Agency Report Nigeria’s Minister of State for Petroleum Resources, Mr Ibe Kachikwu, has said the Federal Government generated over $2 billion from the renewal of oil block licences. The former Group Managing Director the Nigerian National Petroleum Corporation (NNPC), said the funds will be used to implement the nation’s budget. “We have…
NCDMB unveils list of profitable vessels for Nigerian shipowners
The Nigerian Content Development and Monitoring Board has identified the types of vessels that local operators in the shipping business should purchase that can guarantee good business and return on investment. The Executive Secretary, NCDMB, Simbi Wabote, stated this in Lagos on Tuesday, during the Shipowners Association of Nigeria’s annual workshop and dinner.Speaking at the…
NLNG plans $4b gas project
The Nigerian Liquefied Natural Gas Limited (NLNG) is planning to hire Nigerian companies to develop Train 7 gas project expected to commence soon to increase gas production to 30 million tonnes yearly. The project which would cost over $4 billion dollars is designed to improve on the present production of 22 million tonnes per annum…
Schneider Electric receives Nigerian content equipment certificate
By Oke Peter Schneider Electric in Nigeria has been awarded the Nigerian Content Equipment Certificate on its assembly facility owing to its commitment to the country’s local content policy. The certification, which was awarded by the Nigerian Content Development and Monitoring Board (NCDMB), attests to the fact that the firm owns the assembly facility which…
Wabote commissions Tolmann’s modular fire field centre
A new modular fire field and emergency response training centre built by Tolmann Allied Services Limited has been commissioned by the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engineer Simbi Wabote. Located in Port Harcourt, Rivers State, the facility can provide practical demonstrations of offshore safety trainings such as Helideck Emergency Response Team…
Nigeria loses $25bn to foreign ship owners
By Oke Peter The Executive Secretary of Nigerian Shippers Council (NSC), Mr Hassan Bello, has said Nigeria lost $25 billion to foreign ship owners between 2015 and 2017. Bello disclosed this when the Nigerian Fleet Implementation Committee paid a courtesy visit to the Minister of Budget and Planning in Abuja, Senator Udoma Udoma. Bello said…
NASS to pressure Buhari to assent to PIGB –Saraki
Damilola Shittu with Agency Report President of the Senate, Bukola Saraki, said the National Assembly will continue to mount necessary pressure to get presidential assent to the Petroleum Industry Governance Bill. Saraki spoke at a dinner organised as part of activities at the ongoing 24th Nigerian Economic Summit in Abuja on Monday. The News Agency…