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Nigeria’s quest to develop its local content capacity in the oil and gas industry is gaining momentum through the achievements of some key organizations. These companies have observed with high sense of commitment the Nigerian Oil and Gas Content and Development Act of 2010 and the guidelines of Nigeria Content Development Monitoring Board (NCDMB). They have worked with indigenous contractors to carry out projects, increase local capacity and train workers for projects carried out in Nigeria.
Even though there were tendencies to circumvent the process and guidelines, NCDMB took measures to ensure that all companies and contractors comply with the law.
The companies and projects profiled below have demonstrated that achieving local content is Read More
According to the Nigerian Oil and Gas Industry Content Development Act 2010, Nigerian Content, popularly referred to as Local Content in the Nigerian oil and gas industry, is the quantum of composite value added to or created in the Nigerian economy by a systematic development of capacity and capabilities through the deliberate utilization of Nigerian human, material resources and services in the Nigerian oil and gas industry.
The Local Content Act was signed into law by President Goodluck Ebele Jonathan on 22nd April, 2010. Read More
The Nigerian Electricity Regulatory Commission (NERC) under the Multi-Year Tariff Order (MYTO) 2015, which is based on the principle of operational cost recovery, return on investment for new capital investment and replacement capital investment has fully launched out the new electricity tariff on February 1, 2016.
However it was noted that there are inbuilt consumer protection mechanisms and incentives for improved service delivery by the Discos and fair return on investment in the new tariff order. Under the new tariff, Residential Customer category (R2) in the Federal Capital Territory (FCT), Niger, Nasarawa and Kogi states, which fall under the Abuja Electricity Distribution Company (AEDC) franchise, who previously Read More
Natural gas is in enormous quantities, but much of it is in areas far from where the gas is needed. To move this cleaner-burning fuel across oceans, natural gas must be converted into Liquefied Natural Gas (LNG), a process called liquefaction. LNG is natural gas that has been cooled to –260° F (–162° C), changing it from a gas into a liquid that is 1/600th of its original volume. This dramatic reduction allows it to be shipped safely and efficiently aboard specially designed LNG vessels. After arriving at its destination, LNG is warmed to return it to its gaseous state and delivered to natural gas customers through local pipelines.
An LNG spill would not damage Read More