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Africa Local content fund to catalyze research & development and drive local content initiative – (NCDMB) Exc Sec., Wabote – New Business Ethiopia


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. ....

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Marginal Fields Awards, Almost Two Decades After


Economy
Seventeen years after the last bid round, Department of Petroleum Resources, the oil and gas industry regulator, was so determined to get it right, it followed through with all the processes, transparently, fairly and equitably. Applauding the process, the former President of the Petroleum Technology Association of Nigeria, Sir. Bank-Anthony Okoroafor, on behalf of a grateful local content community, said, “This is the most transparent Marginal Field bid round ever conducted.” But there is much to a successfully concluded bid round. The real work begins after the award party is over, as there are issues that face awardees after the ceremony. Chris Paul examines ....

Abuja Federal Capital Territory , Federal Republic Of Nigeria , Auwalu Sarki , Chris Paul , Bank Anthony Okoroafor , Sir Bank Anthony Okoroafor , Petroleum Technology Association Of Nigeria , Nigeria Petroleum , National Assembly , Petroleum Industry Bill , Department Of Petroleum Resources , Petroleum Resources , Petroleum Technology Association , Marginal Field , Chief Operating Officer , Federal Republic , Joint Operating Agreement , கூட்டாட்சியின் மூலதனம் பிரதேசம் , கூட்டாட்சியின் குடியரசு ஆஃப் நைஜீரியா , கிறிஸ் பால் , பெட்ரோலியம் தொழில்நுட்பம் சங்கம் ஆஃப் நைஜீரியா , நைஜீரியா பெட்ரோலியம் , தேசிய சட்டசபை , பெட்ரோலியம் தொழில் ர சி து , துறை ஆஃப் பெட்ரோலியம் வளங்கள் , பெட்ரோலியம் வளங்கள் ,