Local Content Act: NCDMB Retains $6.4bn Of Industry Annual Spend         Notwithstanding the challenges in the global oil and gas industry, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has stated that the agency has retained the $6.4 billion of yearly spend...

Indigenous Oil Marine Vessels Now 40%, Says FG   Nigerian-owned marine vessels for oil and gas sector operations have increased from three per cent to over 40 per cent, the Federal Government said on Tuesday. The Minister of State for Petroleum Resources, Timipre Sylva, said this in...

NCDMB Introduces Platform To Boost Local Technologies In Oil Industry   The Nigerian Content Development and Monitoring Board (NCDMB), has unveiled BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry and ancillary sectors, and create a platform for local creation...

NCDMB To Realise $360m As Revenue From Commercial Ventures   The Nigerian Content Development and Monitoring Board (NCDMB), is expected to realise about $360million from its various partnerships in commercial ventures. The Executive Secretary of the Board, Simbi Wabote, who disclosed this at a capacity building workshop...

NCDMB Urges Oil Coys To Prepare For Full Automation Of Rigs   The Nigerian Content Development and Monitoring Board (NCDMB) has advised firms in the oil and gas industry to brace up for the full automation of operations at oil rigs. The Executive Secretary of NCDMB, Simbi...

NCDMB To Issue Equity Investment For 17,000bpd Refineries   The Nigerian Content Development and Monitoring Board is providing equity investment for the establishment of two modular refineries in Imo and Bayelsa states that will produce a total of 17,000 barrels of crude oil per day. The Executive...