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NCDMB to Review NCCF Framework

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NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

The Nigerian Content Development and Monitoring Board (NCDMB) will be undertaking a strategic reset of the Nigerian Content Consultative Forum (NCCF), with a focus on improving in-country capacity development in the oil and gas sector.

This emerged at a two-day retreat and the first half of the 2026 Steering Committee Meeting of the NCCF, where the board underscored the need for a clear, actionable roadmap to reposition the forum as a more effective driver of Nigerian content outcomes.

Declaring the retreat open, the Executive Secretary of NCDMB, Felix Ogbe, described the session as a “defining moment” in the evolution of the NCCF, noting that while the forum had recorded steady growth since its inception, a more deliberate and strategic direction had become imperative.

In a statement, Ogbe said, “The NCCF began as a vision, modest in structure but bold in intent. Today, we can confidently say that this baby has grown, nurtured by your dedication, strengthened by collaboration and sustained by our shared commitment to advancing Nigerian content.”

Represented by the Acting Director of Planning, Research and Statistics at NCDMB, the executive secretary stressed that progress must now be matched with intentional planning, urging stakeholders to focus on long-term impact.

“This retreat is not just another meeting; it is a defining moment. We are here to reflect, interrogate our current realities and chart a clearer, more strategic path forward for the NCCF,” he added.

He highlighted the baseline study conducted by Ernst & Young as a critical tool for benchmarking the forum against global best practices, identifying gaps and repositioning it for greater relevance. He noted, however, that transformation would depend on people, not just frameworks.

“The success of the framework, policy guidelines and roadmap we seek to develop will depend on the quality of our engagement, the sincerity of our contributions and our willingness to think beyond silos,” Ogbe stated, urging participants to be deliberate, constructive and bold in their deliberations.

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Providing context for the retreat, a partner at EY and session facilitator, Mr Damilola Aloba, outlined three core objectives driving the engagement, strengthening aligned leadership on NCCF’s long-term direction; improving coordination between the forum, its Sectoral Working Groups and NCDMB; and fostering shared ownership of its mission.

“We want to strengthen aligned leadership on NCCF’s long-term direction and ensure clear expectations across NCDMB, the NCCF Secretariat and SWGs,” Aloba said.

He added that the retreat would also enhance coordination frameworks to enable smoother implementation and more consistent stakeholder engagement, while ensuring a common understanding of execution responsibilities across the ecosystem.

Aloba disclosed that stakeholder consultations and benchmarking analysis revealed key structural and operational gaps, including unclear strategic direction, delays in project approvals and limited clarity around post-idea decision-making.

“The forum lacks clear strategic direction from NCDMB, creating uncertainty among SWGs regarding expectations and deliverables,” he noted, adding that “unrefined expectations and the absence of a supportive framework” further constrained performance.

Other findings included budget limitations due to reliance on NCDMB as the sole funding source; weak project evaluation and tracking capacity; and the absence of defined criteria for assessing project viability and impact.

Despite these challenges, he acknowledged strong commitment from SWG members, particularly in deploying time and financial resources towards capacity development initiatives across the oil and gas value chain.

Earlier, the Acting Deputy Manager of NCCF, Engr Bright Amatoru, provided an overview of the forum’s activities, describing NCCF as a statutory collaborative platform established under Sections 57 and 58 of the Nigerian Oil and Gas Industry Content Development Act.

He explained that since its establishment in 2014, the NCCF had been engaging stakeholders across 12 SWGs to identify industry gaps and develop solutions while implementing targeted interventions.

“Our function is to identify issues in the priority mapping and, beyond that, provide solutions through extensive stakeholder engagement,” Amatoru said.

Highlighting key achievements, Amatoru pointed to the development of National Operational Standards to harmonise capacity development initiatives across SWGs, as well as the Marine Assets Listing System, designed to build a comprehensive database of marine assets in the oil and gas industry.

He also referenced benchmarking studies in fabrication aimed at addressing scale gaps, alongside initiatives such as the Women in Oil and Gas Conference and mentorship workshop held earlier in the year in collaboration with the Diversity SWG.

However, he acknowledged that the absence of a clearly defined strategic framework limited the forum’s ability to prioritise interventions effectively.

“As of today, we have not had a clear direction on how to select interventions. That clarity is critical as we align industry expectations with global best practices,” he said.

According to the statement, the retreat forms part of efforts by NCDMB to develop a comprehensive NCCF strategic roadmap aligned with the board’s ten-year strategic plan and broader industry expectations. It was stated that participants were expected to generate actionable ideas, refine governance structures and define a clear execution pathway that will enhance NCCF’s ability to deliver on its mandate in Nigeria’s oil and gas sector.

Energy

U.S. to Tweak LNG Safety Rules for Foreign Markets

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With a view to accelerating infrastructure development and reducing operating costs, the U.S. Department of Transportation is contemplating a new set of safety regulations for liquefied natural gas facilities.

This is coming as American exporters prepare for another major expansion in global natural gas markets.

It was gathered that the proposal, issued by the Pipeline and Hazardous Materials Safety Administration (PHMSA), would modernize federal LNG safety requirements by incorporating standards developed by the National Fire Protection Association.

READ ALSO: Investors Embrace DPRP IPO Globally, 120 Countries, 54 African Nations

The changes are to address facility location, engineering, construction, operations, and maintenance, with greater flexibility to adopt newer technologies.

Transportation Secretary, Sean Duffy estimates that the updated framework could save LNG operators approximately $100 million annually while maintaining safety protections. The projected savings are an agency estimate, and the proposal has not yet become a final regulation.

The initiative comes as the United States strengthens its position as the world’s largest LNG exporter. American export capacity is expected to increase by approximately 100 million metric tons annually by the end of the decade, supported by projects already under development and additional planned investments.

Global LNG demand has also become more sensitive to geopolitical disruptions. Interruptions to Middle Eastern gas shipments associated with the conflict involving Iran have encouraged international buyers to evaluate alternative suppliers and diversify long-term procurement arrangements.

U.S. LNG developers have responded with additional investment commitments. Projects representing more than 50 million metric tons of annual capacity have reached final investment decisions since the beginning of 2025.

Major exporters, including Cheniere Energy and Venture Global, are pursuing additional development opportunities as federal policy places greater emphasis on expanding domestic energy infrastructure.

However, regulatory modernization does not eliminate the financial or operational challenges associated with LNG construction.

Developers must still secure the Federal Energy Regulatory Commission (FERC) approvals, complete environmental reviews, arrange financing, and address potential legal challenges. Pipeline connections, specialized equipment availability, construction costs, and long-term customer contracts also influence project schedules.

Delfin LNG, which is developing a floating export facility, illustrates the importance of infrastructure safety approvals. Its associated pipeline has not received publicly confirmed PHMSA clearance to resume operations following an explosion earlier this year.

Separately, FERC has proposed a streamlined authorization framework for certain modifications and expansions at existing LNG facilities, including activities that could qualify for automatic approval or shortened review periods.

For energy investors, the combined regulatory initiatives could improve development visibility and reduce some costs, although their financial impact will depend on final requirements and individual project circumstances.

Additional LNG export capacity could support demand for U.S. natural gas production, particularly from major producing regions connected to Gulf Coast terminals.

Midstream operators, engineering companies, compression equipment manufacturers, and construction contractors could also benefit from continued infrastructure investment.

At the same time, greater export demand may increase domestic natural gas price sensitivity to international markets, creating different implications for producers, utilities, and industrial consumers.

Investors will be monitoring the final PHMSA regulations, FERC permitting developments, LNG project financing decisions, and the pace at which proposed export capacity enters commercial service.

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Energy

NALPGAM Preaches Innovation, Safety to LPG Operators

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GAS: New Temile/Hyundai LPG Vessel to bring down high cost of cooking gas in Nigeria-NCDMB

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has urged operators in Nigeria’s liquefied petroleum gas (LPG) industry to strengthen safety standards, improve regulatory compliance and adopt digital technologies to reduce operational losses and drive business growth.

The association said improved operational practices would help protect investments, enhance efficiency, build consumer confidence and support the sustainable expansion of C.

The call followed its 2026 webinar, themed “Downstream LPG Operational Excellence and Compliance,” which brought together industry operators, regulators and other stakeholders to discuss safety risks, market volatility, operational inefficiencies and regulatory requirements in the downstream LPG sector.

Speaking at the event, NALPGAM National President, Edu Inyang, said the industry’s long-term growth would depend on more than increased consumption and supply volumes, stressing the need to embed safety and operational efficiency in everyday business practices.

“The future of Nigeria’s LPG industry cannot be achieved by increasing volumes alone. We must grow safely, responsibly, efficiently and sustainably. Safety is not an occasional campaign; it must become a continuous industry culture,” he said.

READ ALSO: Tinubu Promises to Boost Local Production with NNPC Refineries

A major outcome of the webinar was a proposal for a NALPGAM Standard of Operational Excellence, anchored on four principles: safe and well-maintained facilities, competent and adequately trained operators, regulatory-compliant processes, and consumer protection.

Participants urged operators to integrate safety into routine operations, strengthen preventive maintenance and comply with licensing and incident-reporting requirements.

They also called for an end to unsafe practices, including unauthorised propane blending and illegal decanting, warning that such activities could expose businesses and consumers to avoidable risks.

Inyang said compliance should be viewed as a means of strengthening business performance rather than merely fulfilling regulatory obligations.

“Compliance is not merely a regulatory burden; it is a business advantage. Well-managed LPG operations reduce accidents, improve efficiency, protect investments and strengthen public confidence in our industry,” he said.

The webinar also highlighted the role of digital technologies in improving operational efficiency and accountability across the LPG value chain.

Participants identified smart filling systems, automated tank gauges, load cells, flow meters and vehicle-tracking systems as practical tools for monitoring product movements, reducing losses and improving inventory management.

Wider adoption of these technologies, they said, could help operators strengthen operational controls, minimise discrepancies and improve the reliability of LPG distribution.

The discussions come as Nigeria seeks to expand LPG consumption to approximately five million tonnes annually by 2030, a target that will require increased investment, stronger distribution networks and wider consumer access.

Stakeholders called for greater industry participation in the Decade of Gas LPG penetration programme, alongside stronger collaboration to expand access, improve cylinder traceability and promote certified local manufacturing.

The NALPGAM also urged regulators and programme coordinators to involve its members more actively in implementing LPG penetration and cylinder recirculation initiatives.

According to the association, its members’ nationwide presence and proximity to consumers could help improve the reach and effectiveness of programmes designed to increase LPG adoption.

Reiterating the association’s position, Inyang said the industry must establish clear operational standards that protect consumers while supporting efficient and sustainable business practices.

“Our aspiration is clear: every LPG facility must be safe and properly maintained, every operator competent and adequately trained, every process compliant, and every customer protected. This is the standard of operational excellence we must collectively pursue,” he said.

The NALPGAM reaffirmed its commitment to working with government agencies, regulators and industry stakeholders to develop a safer, more efficient and competitive LPG market.

The association maintained that embedding safety, strengthening compliance and deploying appropriate technologies would be critical to improving operational performance and supporting the long-term growth of Nigeria’s LPG industry.

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Energy

Fears of Fresh US Strikes on Iran Fuels Crude Price Surge

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OPEC Appoints Next Secretary General, Effective August 2022

Fears of renewed US military strikes on Iran and escalating threats to energy infrastructure across the Middle East heightened concerns about global crude supplies have pushed-up crude oil prices in the global market.

These factors pushed crude oil prices over $117 a barrel in the global market, even as oil theft and pipeline losses in Nigeria fell by 82.9 percent in five years, from 102,900 barrels per day (bpd) in 2021 to 17,600 bpd in the first seven months of 2026, amid fresh concerns about further increases in lost volumes after years of decline.

Nigeria’s oil benchmark, Brent crude, climbed by about 3.5 percent to cross $117 a barrel during trading before easing to just above $116, still up approximately 2.7 percent.

READ ALSO: Navy Uncovers 132,000 Litres of Stolen Crude Oil in Bonny

The latest rally followed reports that Washington was considering fresh military strikes against Iran after the November 3 midterm elections, raising concerns that the conflict, now in its eighth month, could escalate further rather than move towards a diplomatic resolution.

Iran had threatened to attack oil facilities, undersea cables, data centres and artificial intelligence infrastructure across the Gulf if the United States and Israel launched a new offensive against the country.

Recall that Brent crude traded at about $72 a barrel in February, before the war began, but surged to about $126 a barrel by the end of April as the conflict intensified and concerns mounted over supply security.

Tensions rose again during the week following claims by Iran’s Islamic Revolutionary Guards Corps (IRGC) that it struck four commercial vessels in the Strait of Hormuz on Wednesday.

The US ordered some diplomats and family members of American government employees to leave Saudi Arabia, which had faced continued attacks by Houthi rebels operating from Yemen.

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