Local Content

Oil price drop will have no effect on Nigerian content – Nwapa

Dec 2, 2014

Ernest Nwapa, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), has stated that the current volatility in the prices of crude oil at the international market, which has seen investors selling their shares in international oil companies, would not slow down Nigerian Content in the oil and gas sector, This Day…

Read More

DISCOs import prepaid meters to local manufacturers chagrin

Dec 1, 2014

Muideen Ibrahim, the Executive Secretary of the Electricity Meters Manufacturers Association Of Nigeria (EMMAN) has alleged that electricity distribution companies have refused to patronise indigenous meter manufacturers, The Guardian reports. He states that his members have more than N9.5bn worth of Local Meters ‘wasting’ in warehouses across the country simply because the private investors in…

Read More

Nigerian Content Fund to hit $1bn by 2017 – Nwapa

Nov 24, 2014

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Ernest Nwapa has said its special fund, the Nigerian Content Fund,  is expected to double to $1 billion by 2017 from $500 million, The Nation reports. He said: “This Fund started four years ago as a zero Fund but today, we are looking at half a billion…

Read More

Shell signs deal with PETAN member company

Nov 19, 2014

Shell Petroleum  Development Company (SPDC), has signed a contract of about N83 million with CB Geo-Solutions, a Petroleum Engineering Technology Association of Nigeria (PETAN) member company,  with the aim of growing indigenous capacity  in the oil and gas industry, The Guardian reports. With the agreement, CB Geo-Solutions is expected to provide pre-sack depth migration of 3D…

Read More

FMC inaugurates first locally-produced subsea tree for Shell project

Nov 18, 2014

FMC Technologies, a leading global provider of technology solutions for the energy industry, has boosted local content efforts by inaugurating its first subsea production tree built entirely in Nigeria, This Day reports. The equipment, manufactured for Shell Nigeria Exploration and Production Company Limited (SNEPCo)’s Bonga Northwest project, marks the company’s first subsea equipment engineered, manufactured,…

Read More

Indigenous firm plans to manufacture cables for oil industry

Nov 17, 2014

Royal Niger Emerging Technologies, an indigenous company, is planning to set up a plant for the manufacture of umbilical products in Nigeria that will be dedicated to the local market, the company’s Managing Director, Anthony Okolo, has said. An umbilical is a  cable which supplies fluid, power and data to drilling and production equipment. The…

Read More

Elumelu, Dangote seek for more indigenous participation in Nigeria’s oil and gas sector

Nov 17, 2014

Alhaji Aliko Dangote, President Dangote Group and Mr. Tony O. Elumelu, Chairman,Heirs Holdings, two of Nigeria’s leading entrepreneurs have urged for more indigenous participation in the Nigerian Oil and Gas Industry at the recently concluded 32nd Annual International Conference of the National Association of Petroleum Explorationists (NAPE), in Lagos, Nigeria, Vanguard reports. Both, highlighted that…

Read More

Nigeria sees capital flight on umbilical technology as GE commences fabrication of subsea wellheads in country

Nov 11, 2014

Nigeria lost over $400 million to capital flight between 2008 and 2014 due to manufacture of umbilical technology in-country, Royal Niger Emerging Technologies   Managing Director, Anthony Okolo, has said. Umbilical is a subsea equipment composed of cables and elements which supply power and fluids as well as transmit data through fibre optics to other subsea…

Read More

FG developing local content policy for power sector

Nov 4, 2014

The Federal Government is putting in place measures to provide a local content policy for the power sector, the Special Adviser on Investments, Finance and Donor Relations to the Minister of Power, Olajuwon Olaleye, has said. Olaleye told The Nation, that consultations have begun at various levels to make the policy work when it comes…

Read More

Indigenous firm seeks more deals from IOCs

Nov 4, 2014

The General Manager of Fenog Nigeria Limited, an indigenous operator in the oil and gas sector, Mr. Uwakwe Chukwudi, has urged the Federal Government to ensure that the aim of the Local Content Act to create opportunities for Nigerian companies remains a reality, The Nation reports. He made the plea at the commissioning of a self-propelled…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...