Africa Local Content Fund to catalyze Research & Development and drive Local Content Initiative – Nigerian Content Development and Monitoring Board (NCDMB) Exc Sec , Wabote – AfricaBusiness com africabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africabusiness.com Daily Mail and Mail on Sunday newspapers.
Chairman/Managing Director, Chevron Nigeria Limited (CNL), Rick Kennedy, has identified opportunities in lowering carbon emissions and harnessing Nigeriaâs gas resources as key enablers in complementing the new approaches to future of hydrocarbons in the Nigerian oil and gas industry in the post COVID-19 era.
Rick Kennedy, who was represented by Monday Ovuede, Director, NNPC/CNL Joint Venture, made this known on Tuesday, June 8, 2021 during the CEO Roundtable at the Nigeria International Petroleum Summit (NIPS) at the International Conference Centre, Abuja.
He highlighted the impact of the pandemic on the global oil and gas industry, and commended the resilience of the industry operators in sustaining critical production and remaining competitive through several initiatives such as adoption of digital innovation and leveraging industry collaboration.
Africa Local Content Fund to catalyze Research & Development and drive Local Content Initiative - Nigerian Content Development and Monitoring Board (NCDMB) Exc Sec , Wabote einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Poised to take full advantage of emerging opportunities in local content administration, key stakeholders and policy leaders in Africa’s Oil and Gas, and other related sectors, yesterday met in Yenagoa, Bayelsa State, and have unanimously advocated for a new local content strategy for Africa with a focus on adequate regulatory framework, funding, human capacity development and strategic Research and Development (R&D) with effective gaps analysis to positively drive the local content narrative as an imperative for domestication and sustainable growth of Africa’s hydrocarbon resources.
The stakeholders who gathered at the maiden edition of the African Local Content Roundtable in Yenagoa, Bayelsa State on Thursday, June 3, 2021, jointly agreed that funding is critical to driving local content, especially with the negative impact of the COVID-19 pandemic which has had very negative consequences on the economy of most Africa countries.
Development of policies, regulations key to ending petroleum industry challenges ― Chevron MD Development of policies, regulations key to ending petroleum industry challenges ― Chevron MD
• Says it reduced gas flaring by over 95 per cent in 10 years
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The Managing Director, Chevron Nigeria Limited (CNL), Rick Kennedy, has said that for Nigeria to be able to address existing challenges in the oil and gas industry, there is a need for the development of robust policies and regulations.
He said the new approaches to the future of hydrocarbons include digital technology and innovations; cost efficiency initiatives; sustained social investments and continued support for Nigerian Content Development.