Barely two weeks after deploying the Egina Floating Production Storage Offloading (FPSO) unit for operations, LADOL, one of the builders of the vessel, has terminated its agreements with the foreign partner, Samsung Heavy Industries (SHI), over allegations of untoward activities, including contractual and ethical breaches. Specifically, LADOL, a logistics company and operator of the Free […]
The Nigerian Content Development and Monitoring Board (NCDMB) on Friday disclosed that it had commenced a 10-year development plan aimed at creating 300,000 jobs in the nation’s oil and gas industry. The Executive Secretary of the Board, Mr Simbi Wabote, who gave this hint during a capacity building workshop for Energy and Business Correspondents in […]
The Nigerian Content Development and Monitoring Board (NCDMB), has sealed a $10m equity investment pact with Waltersmith Refining & Petrochemical Company Limited for the construction of a 5,000 barrels per day (b/d) modular refinery to be located at Ibigwe, Imo State. The Executive Secretary of NCDMB, Engr. Simbi Wabote and the Director of Finance and […]
The Nigerian Content Development and Monitoring Board (NCDMB) has provided a $200 million in the Nigerian Content Intervention Fund (NCIF) to support indigenous participation in the oil and gas sector.