The golden era of easy oil is over…Today the rules of the game have changed: Developing local economies, stimulating industrial development, increasing local capability, building a skilled workforce and creating a competitive supplier base – also referred to as local content – are minimum requirements for doing business with host countries and national oil companies,” a […]

The signing of the Nigerian Content Act on April 22, 2010 by President Goodluck Jonathan marked the beginning of the turn around in the activities of indigenous contractors in the Nigerian Oil and Gas industry.   Indeed, the immediate result of the implementation by the Nigerian Content Development and Monitoring Board (NCDMB) through the effective supervision […]

At the recently concluded Offshore Technology Conference, OTC, in Houston Texas, USA, the Executive Secretary, Nigerian Content Management Board, NCDMB, Mr. Ernest Nwapa, spoke on three years enactment of the Nigerian Content Act and other industry-related issues, as captured by Clara Nwachukwu and Sebastine Obasi. Excerpts: A lot have been said about the PIB, what is […]

The Petroleum Technology Association of Nigeria (PETAN), a group of Nigerian firms that play in the exploration, production and service segment of the petroleum industry, has said Nigerian firms’ participation in the oil and gas industry is increasing resulting in indigenous in-country capacity development Its President, Emeka Ene, said the increase was demonstrated by the […]

Oando Energy Services’ swamp drilling rig, nicknamed “OES Respect” is expected to arrive Nigeria in June this year after undergoing major refurbishing at Beacom Maritime’s yard in Orange, Texas, United States. Speaking while taking a team of the Nigerian Content Development and Monitoring Board round the asset on Thursday, May 9, Chief Executive Officer of Oando […]

For Nigerians and the local economy to benefit from the multi-billion dollarinvestments expected to flow into the country after the passage of the Petroleum Industry Bill, concerted efforts must be made to develop Nigerian Content, the Executive Secretary, Nigerian Content Development and Monitoring Board, Engr. Ernest Nwapa has said. Speaking on Tuesday at the panel session […]

As part of its efforts at promoting Nigerian content in the oil and gas industry, Addax Petroleum Development Nigeria Limited  said it had trained 190 indigenous vendors in the country. The oil company also pledged to continue to be committed to local content development and support the programmers of the Nigerian Content Development and Monitoring Board. […]