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An FPSO (Floating Production Storage and Offloading Vessel) is a converted or custom-built ship-shaped floater, used to process oil and gas and temporary storage of oil prior to transhipment. FPSO is used extensively by oil companies for the purpose of storing oil from the oil rigs offshore.
Offshore exploration and production began in the early nineties and the government is actively encouraging exploration and production in Nigeria’s deep offshore with its allocation of oil blocks. This has resulted in FPSOs becoming increasingly popular in Nigeria.
FPSOs are designed around specific Read More
Have you ever wondered why you get rejected or never get hired after attending so many job interviews? You dressed right, prepared a wonderful CV, you even told engaging stories and asked insightful questions. In fact, you think you nailed the interview, but yet, you were not hired. You can request for a feedback after being rejected, however, most employers would not want to give you the real reason why you were not hired.
Here are some of the top reasons why you may have missed that job and how you can avoid making the same mistakes again:
NCDMB was established and vested with the responsibility to implement the provisions of the Local Content Act, make procedural guidelines and monitor compliance by operators within the oil industry. The Act provides steps to be used for development and monitoring of Nigerian Content in the Oil and Gas, Maritime Industry etc. Below are some guidelines set up by the board:
50 Percent Ownership of Equipment
NCDMB developed a model, and approved a precedence for equipment ownership by a Nigerian Subsidiary based on Read More
The Federal Ministry of Petroleum Resources acting primarily through the Department of Petroleum Resources (DPR), regulates and oversees activities of the oil and gas industry in Nigeria. Other regulatory bodies include the Petroleum Products Pricing Regulatory Agency (PPPRA), which regulates the rates for the transportation and distribution of petroleum products; the Federal Ministry of Environment, Housing and Urban Development, which is responsible for approving environmental impact assessment reports in respect of oil and gas projects; the Nigerian Content Development and Monitoring Board (NCDMB), which is responsible Read More
Still on the stars of the local content, last week we looked at companies in areas of oil production and construction of offshore living quarter platforms (See Stars of Local Content 2). This week we would be looking at some outstanding companies in the area of Steel Pipe construction for oil and gas purposes.
SCC NIGERIA LIMITED
In 2010, ExxonMobil pioneered the use of made in Nigeria pipes in the oil and gas industry. The company also deployed Helical Submerged Arc Welded (HSAW) pipes fabricated locally by SCC Pipe Mills for its Usari-Idoho pipeline Read More
The company was apparently spurred by the seepage of oil in the so-called Tar Sand deposits around Agbabu, in present day Ondo State. The early exploration for oil was punctuated by the outbreak of World War I in 1914. However, in 1937 Shell-D’Arcy, a consortium of Shell and Royal Dutch Company, resumed exploration activities at Oloibiri, in South Eastern Nigeria.
The government took measures to attract investment in deepwater acreage in the 1990s to boost production capacity and to diversify the location of the country’s oil fields. To encourage investments in deepwater areas, which involve higher capital and operating costs, the government offered production sharing contracts in which IOCs received a greater share of revenue as the water depth increased.
Are you just starting your career or already working and longing for a promotion? Do you dream of being a boss one day? For you to succeed in your chosen career, hard work is just not enough. You have to stop thinking like an employee and start thinking like a boss.
Because you don’t own the company you work for, doesn’t mean you can’t apply an owner’s mentality to your work. Simply being good at your job is no longer enough to advance your career. Achieving your career goals and getting to the place you finally want to be can be a difficult journey, but with the right mind set and attitude, you can definitely be a boss!
These small changes in your approach to work can make a big impact on your career.