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The key drive of both the Nigerian Oil and Gas Industry Content Development Act 2010 (the Local Content Act) and the Coastal and Inland Shipping (Cabotage) Act 2003, is to add value to the local economy, increase local participation and build local capacity in these principal sectors of the economy – which are the oil and gas and maritime sectors.
The regulations and guidelines embedded in these two Acts are very significant because they have the following: Read More
Oil and gas is always on the news, and you (as a novice in the industry) might wonder what is being talked about or what all the fuss is about! It would not be so difficult to understand what is being said, if you are familiar with most of the words repeated daily in the news.
Therefore, penned down here are some common terminologies used in the industry: Read More
The depletion of onshore fields over the years has compelled oil companies to focus on shallow-water oil fields and later the ultra-deep water measuring about 5,000ft under very harsh environment. The ultra-deep water projects have been made easier with the advancement in subsea systems such as Remote Operated Vehicle (ROV), Floating Production Storage Offloading (FPSO), Tension Leg Platform, Spars and Compliant Towers.
The world has made a huge success in deepwater activities as a result Read More
Do you feel like your job is gradually becoming meaningless? Do you feel like you are trapped in your job and being forced to do what you don’t want to? or do you find yourself Read More
The longest inland waterways are the Niger River and Benue River, but the most used (especially by larger powered boats and for commerce) are in the Niger Delta and all along the coast from Lagos Lagoon to Cross River. Read More
The need for something better to transport oil gave rise to the construction of the first oil pipeline built out of two wooden boards combined to make a “V” shape in 1862. Read More
Kerosene is a liquid mixture of chemicals produced from the distillation of crude oil commonly used as fuel for oil lamps, cleaning agent, jet fuel, heating oil or fuel for cooking.
Since the mid-19th century, when it replaced the more expensive whale oil as a lighting fuel, kerosene has become a major household, commercial, and industrial fuel. “Kerosene” started as a brand name but was later adopted (with a small “k”) as a general descriptor. Read More
The oldest known harbor was discovered by a French-Egyptian group from the French Institute for Archaeological Studies in 2011. The harbor was constructed on the shores of the Red Sea in the Wadi al-Jarf region, about 112 miles south of Suez. It dates back to the Fourth Dynasty of Egypt, approximately 4,500 years ago, which makes it 1,000 years older than any other port structure in the world.
In addition to dock structures, the archaeologists found several anchors carved of stone, as well as storage jars, fragments of rope and pieces of pottery. Traces of evidence found at the harbor indicates that the port was used for shipping copper and other minerals from Egypt to the rest of the Mediterranean world.