Local Content

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…

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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…

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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…

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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…

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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…

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‘Nigerian firms have increased their stake in oil sector to $5b’ – Nwapa

Oct 28, 2014

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Ernest Nwapa has said that the value of new investments made by Nigerian service companies in the last four years had hit $5bn, noting that the development pointed to massive investments that would come into the industry in the next five years reports The Guardian.…

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Govt looks to ban importation of gas cylinders – Nwapa

Oct 28, 2014

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Ernest Nwapa has disclosed that the government may soon ban the importation of domestic gas cylinders, The Guardian reports. The policy is however, unlikely to come into effect until the capacity of local capacity for the manufacturing of the cylinders is fully developed.…

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Kaztec advances on Antan, Ofrima/Udele fields’ platforms

Oct 14, 2014

The Commercial Director, Kaztec Engineering Limited, a subsidiary of Chrome Group, Marc Robillard, has said the company is making tremendous progress on the construction of the platforms for production from Antan and Ofrima/Udele fields. Antan and Ofrima/Udele oil fields are operated by Sinopec Addax Petroleum. Antan field is in water depth of about 40 metres…

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Agip signs pact with PETAN to boost local content

Oct 8, 2014

The Nigeria Agip Exploration (NAE), has signed a Memorandum of Understanding with the Petroleum Technology Association of Nigeria,(PETAN) to foster collaboration in developing capacity within its operations and to boost local content in the country. Speaking at ‘the Vendor gap closure opportunities engagement and exhibition’ , a three-day sensitization workshop organised by the company to…

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NERC won’t allow importation of electricity meters

Oct 1, 2014

Speaking on Tuesday at the 6th Annual Distinguished Lecture of the Nigerian Institute of Quantity Surveyors, Lagos Chapter, the Chairman and Chief Executive Officer, NERC, Dr. Sam Amadi indicated that the NERC will not allow the importation of electricity meters into the country as long as local manufacturers have the capacity to meet demand. He said,…

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