NIGERIAS NEW PRESIDENT has signed the Local Content Bill into law, to the relief of promoters like NNPC, local suppliers like Nigerdock and lawyers everywhere who see rich pickings in the definition clauses that will be needed as the legislation matures. How will local content be measured, for example?

SUDAN MUST REDUCE its dependency on oil revenues and step up investment in agriculture if it wants to keep its economy growing and avoid further conflict, according to a World Bank report.

HPI ANNOUNCED THEIR receipt of the EGPC certification from the Ministry of Oil in Egypt. The Egyptian General Petroleum Corporation (EGPC), certifies companies for contracting work in the oil and gas sector. This certification grants HPI the right to act as prime contractor on major projects in Egypt.

SONANGOL SHOULD BOLSTER its stake in Portugals Galp Energia as part of its strategy to expand its business abroad, according to oil minister Jose Botelho de Vasconcelos.