‘High cost of oil production erodes revenues, depletes resources ’
Minister of State for Petroleum Resources, Timipre Sylva, yesterday said the high cost of crude oil production in the country often erodes net revenues from sales and depletes resources meant for development.
$500m Ikike project kicks off five months after approval in Rivers
The $500 million Ikike project started yesterday after five months of its approval by the board of Nigerian National Petroleum Corporation (NNPC).
Stakeholders, NNPC task IoCs on human capacity, others
The Nigerian National Petroleum Corporation (NNPC), has charged International oil companies (IOCs), on the need to build human capacity to drive growth in the nation’s oil and gas industry, as this is the only way to domesticate what it achievable internationally.
Government, operators to set fresh vessel standards for oil industry
Plans are underway by the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Oil Producers Trade Section (OPTS), to develop oil and gas industry marine vessel standards.
FG moves to enhance women’s participation in oil sector activities
Plans are underway by the Nigerian Content Development and Monitoring Board (NCDMB), to initiate policies that will ease the participation of women in business activities in the oil and gas industry.
NCDMB seeks review of act to expand local content
Nigerian Content Development and Monitoring Board (NCDMB), may approach the National Assembly in the coming weeks, to seek review of the Local Content Act 2010, to include other sectors of the nation’s economy, especially power....
Total’s Ikike project gulps $500 million, says NCDMB
The Nigerian Content Development and Monitoring Board, (NCDMB) has said the execution of Total Exploration and Production Nigeria's Ikike Field Development...
NCDMB trains 107 IDPs in crafts under Fair Chance Initiative
107 Internally Displaced Persons (IPDs) have been trained in different crafts under the Fair Chance Initiative (FCI) of the Nigerian Content Development and Monitoring Board (NCDMB). The Board said the training programme was aimed at contributing to the rebuilding process of the region.A graduation ceremony to mark the end of three-month classroom training took place…
NCDMB disburses $160 million in two years, reads riot act to IoCs
Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, yesterday, said about $160 million...