Local Content

Nigerian Content Act 4 Years On: Laudable Achievements In Nigeria’s Oil & Gas Sector

Sep 25, 2014

In the four years since the Nigerian Oil and Gas Industry Content Development Act 2010 has been in force, a growing number of indigenous companies have begun playing more active roles in the Nigerian oil and gas industry. This feature looks at some of the notable highlights the Act has achieved thus far. The Nigerian…

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Strides Energy acquires built-in-Nigeria pipe layer barge

Sep 22, 2014

The Nigerian content vision of the Federal Government to transform the oil and gas industry into the economic engine of Nigeria has received a major boost, with the completion of a newly built 1000T pipelay barge “STRIDES III TOCHI”, owned by Port Harcourt-based Strides Energy and Maritime Limited.  The Laybarge, built 100 per cent in-country,…

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NCDMB boss tasks stakeholders on agenda setting

Sep 19, 2014

The Nigeria Content Development and Monitoring Board, NCDMB, 0n Wednesday inaugurated Nigerian Content Consultative Forum ,NCCF, with a call to participants to prepare for the demand of setting agenda for the implementation of the nation’s local content policy. The Executive Secretary of the board ,NCDMB, Mr. Ernest Nwankpa, who gave the challenge in Yenagoa while…

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NCDMB tasks firms on legacy projects

Sep 17, 2014

The management of the Nigerian Content Development and Monitoring Board, NCDMB has tasked operators in the oil and gas industry to focus on legacy projects. Speaking while inspecting Gramen Petroserve Yard, the Executive Secretary of the Board, Engr. Ernest Nwapa explained that the visit was targeted at accessing the contributions of the firm and Chevron…

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NCDMB summons ARCO, Agip over local content dispute

Sep 16, 2014

The Nigerian Content Development and Monitoring Board (NCDMB) will Tuesday wade into the lingering duspute between the Nigerian Agip Oil Company (NAOC), and Arco Petroleum Engineering Company Limited over the controversy surrounding the maintenance of Obob/Ebocha/Kwale Gas plants. NCDMB, in a statement made available to The Guardian Monday, said it has summoned the concerned parties…

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4 Years of Nigerian Content: Challenges Abound Despite Relative Successes

Sep 15, 2014

It is impossible to argue with the fact that there have been several major achievements with regard to the promotion of Nigerian content and also that a lot success has been recorded since President Goodluck Jonathan signed into law the Nigerian Oil and Gas Industry Content Development Act (Nigerian Content Act) on April 22, 2010.…

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NCDMB to spend U.S. $100 Million on oil and gas parks

Sep 15, 2014

The Nigerian Content Development and Monitoring Board (NCDMB) is to expend over $100m on its proposed Nigerian Oil and Gas Parks Scheme under which industrial parks will be constructed to boost the country’s oil and gas industry. Executive Secretary of the Board, Ernest Nwapa, disclosed this at the weekend during the close-out ceremony of the…

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$3.8bn Egina project takes off in Apapa

Sep 12, 2014

The $3.8 billion Egina floating production storage and offloading  (FPSO) situated at Lagos Deep Offshore Logistics (LADOL) base, Apapa has commenced operation. This is sequel to a renewed pact between the technical facilitators, LADOL and Samsung Heavy Industries (SHI). The two companies are expected to inject not less than $300 million into the creation of…

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NCDMB tightens rules on gas cylinder importation

Sep 9, 2014

Any importation of gas cylinder into the country must be approved by the Nigerian Content Development and Monitoring Board (NCDMB), the agency has said. The board also requires applicants wishing import gas cylinders to compulsorily demonstrate to the NCDMB’s satisfaction that existing local capacity is fully realized in  compliance with the  Nigerian Oil and Gas…

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Operators want Nigerian content implemented in power sector

Sep 9, 2014

Indigenous contractors and manufacturers of meters and other equipment in the power sector have called for the replication of the Nigerian Content policy in the oil and gas industry in the power sector to encourage patronage of locally-made goods and curb capital flight in the economy. THISDAY gathered that under the National Integrated Power Project…

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