GEIL, NCDMB move to close skill gap in oil and gas
In compliance with the Nigerian Oil and Gas Content Development Act, Green Energy International Limited (GEIL), the operator of Otakikpo marginal field
Source: tribuneonlineng.com
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NCDMB Warns Low Oil Production May Frustrate Local Refineries Operations
The executive secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned that Nigeria might resort to
Source: leadership.ng
Increase crude oil, gas production to avert importation for refineries – Wabote
This, he noted, could happen if immediate measures were not taken to address current low production levels.
Source: theeagleonline.com.ng
Wabote canvases increased crude oil, gas production to avert importation for refineries
According to Mr Wabote, “it will be a sad outcome if we stop the importation of refined petroleum products only to replace it with the importation of crude oil for use in our local refineries.”
Source: premiumtimesng.com
PIB: Group, host communities clash over 2.5% trust fund
Punch Newspapers Sections Sunday Aborisade, Abuja The Senate commenced consideration of the Petroleum Industry Bill on Monday with the Women in Energy Network rejecting the 2.5 per cent the host communities are demanding from the investors in the oil and gas sector as annual levies. The host communities started their demand when they asked for 10 per cent net profit in PIB 2012. They reduced it to five per cent of actual expenditure in 2018 before they further cut it to the 2.5 per cent of actual operating expenditure in the PIB 2020. Fresh consideration of the bill resumed on Monday at the o...
Source: punchng.com