FG Launches Equity Fund to Boost Nigerian Content in Oil Industry   The Federal Government, through the Nigerian Content Development and Monitoring Board (NCDMB) has announced the imminent launch of the Nigerian Content Equity Fund. The board said this is a financing initiative designed to provide long-term...

Nigerian Companies Set to Play Bigger Role in Oil Industry – NCDMB   The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) Felix Ogbe, has urged leading Nigerian oil and gas service providers to channel their expertise into the deepwater segment of the...

AMPCON Chairman Decries Oil & Gas Saboteurs Mogaji Wole Arisekola, the National Chairman of the Association of Online Media Practitioners in Nigeria, (AMPCON), has spoken out against the activities of all economic saboteurs planning to hinder progress in reform being implemented by President Bola Tinubu’s...

FG’s Funding For Priority Projects In Oil Industry Hits $1.54trn Deficit       The federal government through the Nigerian National Petroleum Corporation (NNPC) may have been unable to fund its priority projects in the oil and gas industry to the tune of $1.54 trillion, according to a...

Oil Industry’s Upstream Spending Dropped By 30% In 2020 - Barkindo       Meanwhile, the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, has said that the cartel’s latest assessment shows that capital investments in the upstream of the oil and gas...

COVID-19 Pandemic Costs Oil Industry $1trn - Kyari       The COVID -19 cost the global oil and gas industry some losses totalling $1 trillion, according to Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) Mele Kyari. He attributed the losses to the decline in demand for...