The Nigerian National Petroleum Company Limited (NNPCL) has invited interested insurance brokers registered in Nigeria, to bid as brokers for its oil and non-oil assets and liabilities insurance program for the 2024/2025 period.
A statement by the company released on its X handle on Thursday said interested brokers should ensure that all submissions are completed electronically via the NIPEX Tender Portal on or before 12:00 noon on Monday, 13 November 2023.… Read the rest
The recent memorandum of understanding (MoU) signed by the Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Content Development and Monitoring Board (NCDMB) with international oil companies will enhance crude oil production. The main goal of the tripartite agreement signed at the NNPCL headquarters in Abuja is to drastically reduce the contracting cycle in the sector to an optimal level of not more than six months.… Read the rest
The ongoing and further divestments of onshore assets by some international operating oil and gas companies (IOCs) and subsequent acquisition by Nigerian operating companies
must not be allowed to impact negatively on the level of compliance with the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and remittance of tax revenues to the Federal Government, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Kesiye Wabote has cautioned.… Read the rest