Local Content

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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FG approves local manufacturing of gas cylinders

Aug 19, 2014

In a bid to consolidate the gains recorded in the implementation of the Nigerian Oil and Gas Industry Content Act (NOGIC) Act 2010, the federal government has approved the utilisation of part of the $350 million Nigerian Content Fund (NCF) to encourage local manufacturing of gas cylinders in the country. THISDAY gathered that the decision…

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AGIP, GE allegedly frustrating local content, gas supply

Aug 18, 2014

There are indications that many international oil companies operating in Nigeria are frustrating government efforts at achieving local content in the oil and gas industry. Manipulations and flagrant disregard of laid-down rules have become the hallmark of their operations across the country. Agip Oil Company and General Electric have been particularly fingered for their attempts…

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House endorses Technova pipe and steel industrial park

Aug 13, 2014

The House of Representative has given its support to Technova Africa Group, an indigenous conglomerate of seven wholly owned subsidiaries currently constructing a 200,000mpta pipe mill and coating facility for oil and gas industry at Ologbo, Edo State. The House Committee Chairman on Local Content, Hon Asita Honorable, who expressed readiness to support the company…

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Local content ‘delivers’ 200m line pipe mill project in Edo

Aug 11, 2014

Investments requiring huge capital often elude Nigerian businesses due mainly to the unfriendly banking environment that promotes high lending rates. It is believed that this is why many big businesses, especially in oil and gas, are partly owned by foreigners, a situation, which, however, encourages capital flight.  But in 2010, the National Assembly passed the…

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Growth Of Indigenous Technology In The Petroleum Sector In Nigeria

May 11, 2014

Technology can have a substantial impact on an industry’s performance. Consider the effect of genetic engineering on pharmaceuticals, of transistors on telecommunications and of plastics on metals. Identification of the commercial potential of technological developments has dramatically accelerated world-wide, and the lag between ideas, invention and commercialization has decreased. In the past ten to 12…

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An Overview of the Nigerian Oil and Gas Industry Local Content Initiative

Jul 29, 2013

The Nigerian Oil and Gas Industry has developed, focusing on increasing indigenous participation in the industry. This is reflected through the Nigerian government initiative of increasing Local Content and ensuring that indigenous companies have a greater part in developing oil and gas assets. The current climate of the industry has largely been influenced by the…

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