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The Senate Committee on local content on Tuesday decried the disregard to the local content act in shipment of petroleum product into the country which according to reports has resulted in annual revenue loss of over $120m.

The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday said that the Nigerian Oil and Gas exploration and production is now manned by indigenous manpower.

The call for the relocation of oil companies to the Niger Delta area would not be possible in absence of peace and security in the region, the Minister of State for Petroleum Resources, Timipre Sylva, has said.

The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC) and DSV Engineering on Friday signed the Final Investment Decision (FID) for the construction of

The Department of Petroleum Resources (DPR) said that it has successfully shortlisted 161 companies to advance to the final stage of the bid round process for 57 marginal oilfields.