Local Content

Shell increases contractor support fund to $2.4bn

Mar 25, 2019

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has boosted its contractor support fund with $200 million in a latest effort to enhance the financial capacity of vendors and suppliers in Nigeria’s oil and gas industry. This latest move brings the fund size to $2.4 billion. SPDC’s Director and General Manager, Government and Business…

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NCDMB, NLNG sign $1bn Train 7 project Nigerian content plan

Mar 22, 2019

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria Liquefied Natural Gas, NLNG, will today in Abuja sign the Nigerian Content Plan (NCP) for NLNG’s Train 7 project, estimated to cost $1 billion. Executive secretary of NCDMB, Engr. Simbi Kesiye Wabote and the managing director of NLNG, Engr. Tony Attah met at the…

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Samsung has transformed Nigeria into FPSO construction hub – NCDMB

Mar 18, 2019

The Nigerian Content Development and Monitoring Board (NCDMB) has declared that Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) unit in Africa. Speaking to journalists in Lagos on the local content milestones in Nigeria’s oil and gas industry, the Executive…

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Local firms major violators of local content act – Wabote

Mar 11, 2019

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said local firms flout the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act more than international oil companies (IOCs). He is surprised that indigenous operators who benefited from the Act are circumventing it. The NCDMB chief spoke with…

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NCDMB boss forecasts $25bn investment in Nigeria’s oil, gas sector in 2 years

Mar 8, 2019

The Federal Government yesterday said the nation’s oil and gas sector would attract $25 billion investment in the next two years. Engr.Simbi Wabote, the executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), who disclosed this in Lagos at a pre-event press conference of Nigerian Oil and Gas Opportunity Fair, NOGOF, said the…

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Locally-trained welders adding value to Nigeria’s refineries -WRPC, PHRC

Feb 19, 2019

Management of the Port Harcourt and Warri refineries have commended the Petroleum Technology Development Fund, PTDF, for its welders’ training programme, stating that the welders had added significant value to the operations of the country’s refineries. In a statement in Abuja, Head, Press and External Relations of the PTDF, Mr. Kalu Otisi, said some oil…

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Tender for NLNG Train 7 out in April – NCDMB

Feb 18, 2019

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said the Nigeria Liquefied Natural Gas Limited(NLNG) will issue Invitation to Tender (ITT) for the NLNG Train 7 project in April. In an interview, he said: “Efforts of NCDMB in ensuring that other projects come stream are ongoing. Total is…

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Petrolex restates commitment to local content development

Feb 13, 2019

Indigenous oil & gas company, Petrolex Oil & Gas, has expressed its commitment to Local Content development in Nigeria. This was revealed during its participation at the Nigerian Content Development & Monitoring Board’s yearly conference in Yenagoa, Bayelsa. Speaking on the sideline of the event, the Executive Director of Petrolex, Kayode Adelaja, said: “We are…

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First Bank to continue support for indigenous oil, gas firms – MD

Feb 12, 2019

The Chief Executive Officer of First Bank Nigeria (FBN) Ltd. Adesola Adeduntan said the bank will continue to assist operators in the oil and gas sector with the right financial support needed to efficiently grow the industry. Adeduntan said this at an Energy Finance Forum sponsored by the bank at the recently concluded Nigeria International…

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Nigeria moves to dominate global oil industry with support for 100 indigenous firms

Feb 1, 2019

Sixty-three years after the discovery of oil in commercial quantity, the Federal Government yesterday said Nigeria was poised to play a commanding role in the industry globally through100 indigenous companies.Speaking at the launch of ‘Project 100’ in Abuja, the Minster of State for Petroleum Resources, Ibe Kachikwu, stated that the move would reduce influx of…

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