Local Content

Caverton unfolds two-year marine business expansion agenda

Sep 3, 2014

The management of Caverton Offshore Support Group (COSG) has concluded plans to increase its marine business units in the next two years. COSG, is a key player in the marine, aviation and logistics services industry especially to local and international oil and gas companies in Nigeria.  According to Caverton’s Chief Executive Officer, Olabode Makanjuola, the…

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$3.8bn Egina project takes off, to create 50,000 jobs

Sep 2, 2014

Fresh hopes have emerged for the successful implementation of the Egina oil and gas project valued at about 3..8 billion dollars, following a renewed pact between the technical facilitators –  LADOL and Samsung Heavy Industries. The project, otherwise, known as Egina Floating Production Storage and Off take (FPSO) earlier awarded to the two organisations, is…

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Nestoil achieves 3 million LTI-free man hours on Soku project

Sep 2, 2014

It was celebration time at the Abuloma, Port Harcourt base of Nestoil Plc as both management and staff rolled out the drums to celebrate the company’s 3 million Lost Time Injury (LTI)-free man hours in its execution of Shell Petroleum Development Company’s Soku San Barth project. Addressing the staff, management and contractors who had gathered…

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Inadequate funds hamper Technova’s $200m pipe mill

Sep 2, 2014

Funding has stalled the implementation of a $200-million Technova pipe mill project in Ologun, Edo State, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Ernest Nwapa, has said. The mill is a 200,000-metric tonne per year capacity pipe mill and coating facility being constructed by Technova Africa Group (TAG) Limited. It is designed…

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Discos urged to patronise local meter manufacturers

Sep 2, 2014

Manufacturers of prepaid and post paid electricity meters in the country have urged the  electricity distribution companies, DISCOs, to begin to look inwards and patronise locally produced meters. The meter manufacturers said their members were at a loss to observe that the DISCOS were reluctant to patronise both the prepaid and postpaid meters from them…

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Samsung, LADOL reach out-of-court settlement on $3.8bn Egina project

Sep 1, 2014

Indications emerged at the weekend that Samsung Heavy Industries (SHI) Nigeria Limited, the first subsidiary of Samsung Heavy Industries of Korea to be established in Africa and Lagos Deep Offshore Logistics (LADOL), a 100 per cent indigenous logistics and port facility developer, have reached an out- of- court settlement on their legal dispute over the…

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Overview of the Nigerian Oil and Gas Industry Content Development Act 2010

Aug 29, 2014

It has been four years since the Nigerian Oil and Gas Industry Content Development Act 2010 was enacted into law. This piece looks at some of the core features of the Act as well as gives an overview of the Act’s key provisions. Prior to the enactment of The Nigerian Oil and Gas Industry Content…

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Kenya, Congo move to adopt Nigeria’s local content policy

Aug 28, 2014

Kenya and Congo have indicated interest to adopt the nation’s local content policy in their oil and gas industries. The two countries have already made their interests known to the Nigerian Content Development and Monitoring Board, NCDMB. The Executive Secretary of the NCDMB, Mr. Earnest Nwapa, said this shortly after he returned from Kenya’s oil…

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Power sector to adopt Nigerian content guidelines

Aug 27, 2014

The Ministry of Power has become the latest key sector of the economy to work towards replicating the success achieved with the implementation of Nigerian Content in the oil and gas industry. Speaking on Wednesday in Abuja at the Power Sector Local Content Policy Framework Development Workshop, the Minister of Power, Prof Chinedu Nebo promised…

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Addax Petroleum taken to court by Hydrodive

Aug 25, 2014

A firm, Hydrodive Nigeria Limited, has dragged Addax Petroleum Exploration Nigeria Limited before a Federal High Court in Lagos over award of oil well contract to foreigners in contravention of the Nigerian Oil and Gas Industry Content Development Act. The contract, which is the OML 126 Okwori well swaps projects named Ok-32, OK-33 and OK-34,…

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