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Egina’s FPSO Sets New Milestones in Nigerian Content

With the completion of the first ever fabrication and integration yard in Nigeria and near completion of local fabrication works, Samsung Heavy Industries has obviously surmounted the odds with the integration of a Floating Production Storage Offloading (FPSOs) facility. Ejiofor Alike reports Nigeria’s oil and gas industry is set to record another landmark development with the planned in-country fabrication and...

Qualifications Needed to ‘Mechanically Engineer’ a Job in Oil, Gas

Obtaining the best mechanical engineering qualifications for a career in the oil and gas world starts with taking the right subjects in school, Jenny McConnachie, mechanical engineering subject leader at Robert Gordon University’s School of Engineering told Rigzone. Mechanical engineering is a discipline that deals with the design, analysis, manufacturing, installation, operation and maintenance of engines, machinery and tools. Involving the...

Massive Shake-Up In Nigerian National Petroleum Corporation (NNPC)

In line with the ongoing reforms in the Nigerian National Petroleum Corporation (NNPC), the Management has announced the retirement of some staff and the deployment of others.The retired staff are: Mrs. Esther Nnamdi-Ogbue, Managing Director, NNPC Retail Ltd; Mr. Alpha P. Mamza, Executive Director, Operations, NNPC Retail Ltd; and Mr. Oluwa Kayode Erinoso, Manager, Distribution, NNPC Retail Ltd.The deployments...

EGINA FPSO: NCDMB Boss Commends Saipem’s Confined Space Welding Technology

The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote has expressed his delight at the size of Saipem’s facility and the quality of work being done by Nigerians at the firm’s fabrication yard in Port Harcourt, River State.   Addressing workers of the company when he led members of the NCDMB and other stakeholders on a tour...

Assessing Petroleum Industry Governance Bill BY Nkechi Isaac

The National Assembly has since 2000 held series of public hearing on the highly contentious Petroleum Industry Governance Bill (PIGB) with a view to passing same into law.The absence of the PIB which seeks regulatory framework for the sector has led to lots of investment losses for the country. In assessing the effects the absence of the bill has...

NNPC to set up oil and gas museum in Oloibiri

 The Nigerian National Petroleum Corporation (NNPC) on Thursday unveiled plans to set up an oil and gas museum in Oloibiri, the historic town where oil was first drilled in Nigeria.This was disclosed by Bello Rabiu, NNPC chief operating officer, Upstream, who said it was part of plans to increase government revenue.NNPC presented the Act to establish the National Oil...

FG reaches landmark agreement with IOC as government annual revenue to increase by $2bn

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu and the Federal Government has reached an agreement on a new cash call exit policy with the international oil companies, IOCs, which will increase government’s annual revenue by $2billion and see to the restructuring of the financing template for oil earnings, increase investments and boost government revenues.According to a...

Study: Global CEOs value technology over people

Chief executives of large companies value technology over people, suggests a study by Korn Ferry.Interviews with 800 business leaders in multimillion and multibillion-dollar companies in eight countries found “a startling lack of top-leader focus on or confidence in the value of people in their organizations,” the search firm said in a press release. They instead are "putting a higher...

Guidelines for access to Nigerian Content Fund underway

The Nigerian Content Development and Monitoring Board (NCDMB) will soon release a new set of rules for disbursing the Nigerian Content Development Fund (NCDF).This was part of the outcome of the sixth Practical Nigerian Content Conference, which ended in Abuja last week.The Executive Secretary of the NCDMB, Simbi Wabote, yesterday confirmed that the board would come up with...

Southfield Petroleum set to begin development of $250m gas project

Indigenous oil and gas company, Southfield Petroleum Limited has commenced the development of its $250Million flagship Utorogu project, BusinessDay reports.On 16th November 2016, Southfield Petroleum signed a turnkey $198million Equipment, Procurement and Construction (EPC) contract to develop a 250 MMScfd gas processing facility with China Machinery Engineering Corporation (CMEC).Utorogu gas field is expected to be operational by Q2 2018...