Friday, July 1, 2022

DUPORT MODULAR REFINERY READY END OF MARCH- NCDMB BOSS

The Duport Modular Refinery financed with equity participation by the Nigerian Content Development and Monitoring Board (NCDMB) will be ready for commissioning...

NCDMB, AFREXIM, APPO CHART NEW FUNDING MODELS FOR AFRICAN OIL INDUSTRY

NCDMB, AFREXIM, APPO CHART NEW FUNDING MODELS FOR AFRICAN OIL INDUSTRY
The Nigerian Content Development and Monitoring Board (NCDMB), African Petroleum Producers’ Organization (APPO), and Africa Export-Import Bank (AFREXIMBank) have outlined new and...

NIGERIA, SENEGAL TO SIGN MOU ON LOCAL CONTENT DEVELOPMENT

NIGERIA, SENEGAL TO SIGN MOU ON LOCAL CONTENT DEVELOPMENT
The Nigerian Content Development and Monitoring Board (NCDMB) and the authorities of the Senegalese Petroleum Industry agreed on Tuesday to sign a...

NCDMB COMMENCES TOUR OF FACILITIES WITH STAKEHOLDERS IN THE N’DELTA

NCDMB COMMENCES TOUR OF FACILITIES WITH STAKEHOLDERS IN THE N'DELTA
The Nigerian Content Development and Monitoring Board (NCDMB) has kicked off a tour of its facilities in the Niger Delta region with...

NIGERIAN CONTENT FUND EXCEEDS $500M- WABOTE

NIGERIAN CONTENT FUND EXCEEDS $500M- WABOTE
The Nigerian Content Intervention (NCI) Fund has exceeded half a billion dollars, the Executive Secretary of the Nigerian Content Development and Monitoring...

100 YOUTH BEGIN NCDMB/ITF VOCATIONAL TRAINING

100 YOUTH BEGIN NCDMB/ITF VOCATIONAL TRAINING
Hundred Nigerian youths have commenced training in the vocational skills programme sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) and...

Nigerian Content Retains $8bn Annually, Creates 50,000 Jobs 

Nigerian Content Retains $8bn Annually, Creates 50,000 Jobs
The implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act has created over 50,000 direct jobs in the local...

OPEC daily basket price stood at $107.66 a barrel Friday, 22...

Vienna, Austria, 25 April 2022--The price of OPEC basket of thirteen crudes stood at $107.66 a barrel on Friday, compared with $108.81 the...

OPEC daily basket price stood at $107.66 a barrel Friday, 22...

OPEC
Vienna, Austria, 25 April 2022--The price of OPEC basket of thirteen crudes stood at $107.66 a barrel on Friday, compared with $108.81 the...

RUSSIA’S MEMBERSHIP OF INTERNATIONAL SHIP CLASSIFICATION WITHDRAWN

RUSSIA’S MEMBERSHIP OF INTERNATIONAL SHIP CLASSIFICATION WITHDRAWN
The International Association of Classification Societies (IACS) has withdrawn the membership of the Russian Maritime Register of Shipping’s (RMRS) amid Russia’s invasion...

IS NATO SHIPPING AT RISK OVER TURKEY’S BLOCKADE OF UKRAINE?

IS NATO SHIPPING AT RISK OVER TURKEY’S BLOCKADE OF UKRAINE?
This week, a US government CRS report for Congress warned that Turkey’s recent closure of the Bosporus and Dardanelles Straits could undermine the Montreux Convention and...

RUSSIAN – UKRAINE WAR; HARBINGER OF A NEW IRON CURTAIL ON...

An American political scientist who once described the collapse of the Soviet Union as the “end of history,” suggested that Russia’s invasion...

COVID – 19 LOCKDOWN SPIKES CHINA’S CONTAINER RATES

China’s efforts aimed at curbing the new coronavirus outbreaks has exacerbated the number of container ships waiting off Qingdao, one of...

NUPRC BOOSTS FIGHT AGAINST OIL THEFT WITH MODERN TECHNOLOGY

Efforts aimed at addressing the menace posed by crude oil theft received a boost as The Nigerian Upstream Petroleum Regulatory Commission...

NO MORE ELECTRICITY SUBSIDY – NERC

The Nigerian Electricity Regulatory Commission, NERC, on Wednesday said government has ended electricity subsidy. Sanusi Garba, Chairman, NERC,...

HIKE IN PRICE OF COOKING GAS, WORRISOME – LPG RETAILERS

The NUPENG branch of Liquefied Petroleum Gas (LPG) Retailers Association has called on the government to come up with clear policy direction...

COOKING GAS WOES…PRICE ON THE RISE AGAIN AFTER DECLINE

Consumers of liquefied Petroleum Gas, LPG also known as cooking gas, are again experiencing rising prices after a decline at the beginning...

HUAWEI RECEIVES NIES ‘BEST TECHNOLOGY PROVIDER’ AWARD; ASSURES MORE SUPPORT FOR...

HUAWEI RECEIVES NIES ‘BEST TECHNOLOGY PROVIDER’ AWARD; ASSURES MORE SUPPORT FOR NIGERIA OIL AND GAS
Huawei, a key player in the Nigerian oil and gas industry has received an award for Best Technology provider in the...

RUSSIA – UKRAINE CONFLICT CONCERNS: OPEC TO REVIEW OIL MARKET FORECASTS.

Uncertainty trails global oil supply sustainability as The Organization of Petroleum Exporting Countries, OPEC, said on Tuesday that oil demand in...

FORCE MAJEURE: ENI TO RESUME OPERATIONS OF NIGERIA’S BRASS EXPORT TERMINAL

Nigeria’s oil and gas exports is set to receive a boost as Italian energy group Eni is set to lift a force...
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