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Hadiza Bala Usman

NPA: Hydrographic knowledge key to territorial waters operations

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala-Usman, has lauded the Nigerian Navy for taking the lead in producing the first navigational chart of the Nigerian waters.
Lagos State High Court.

Lagos court restrains LADOL from interference in Samsung’s operations

A Lagos State High Court sitting in Igbosere has delivered another judgment in favour of Samsung Heavy Industries Nigeria Limited (SHIN) and its subsidiary, SHI-MCI FZE, against Global Resources Management Limited and LADOL.
Samsung Heavy Industries

Fighting inequality through Samsung’s equal training opportunities

In 2018, at the peak of the construction and integration of the Egina FPSO, over 3,000 Nigerians were employed by Samsung (SHI-MCI).
Acting Finance Minister of Finance Zainab Ahmed

Minister: 2019 budget assessment to be completed soon

Mrs Zainab Usman, the Minister of Finance, says assessment of the 2019 Appropriation Bill will be completed soon and a report will be rendered to President Muhammadu Buhari.
The Representative of the GMD NNPC, Mallam Bello Rabiu and the Director China Petroleum Corporation, Beijing, China, Bin Zhang, at the 2019 OTC in Houston.

Nigeria generates over $180 billion revenue from deepwater operations

Nigeria’s deepwater operations have generated revenue exceeding $180billion following industry players’ capital investment in excess of $65billion with the potentials for growth amidst untapped abundant opportunities in the sector.

Samsung Heavy Industries wins Nigerian Content Award

Samsung Heavy Industries Nigeria Limited (SHIN) has been recognised by the Nigerian Oil and Gas Opportunity Fair (NOGOF) for its contribution to local content development since 2017 to date.

Oando boosts stakeholder confidence, records 37% increase in turnover

Oando PLC has once again demonstrated its ability to deliver good results and create value for shareholders. The indigenous oil company on Friday, March 29, published its financial results for the full year ended, December 31, 2018.

NEITI: Nigeria loses $16 billion to production sharing contracts

The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil companies.

2019 Budget: Federal government allays concerns about oil price volatility

Notwithstanding the volatility recorded by crude oil price since December last year, the federal government has reiterated that there was no cause for alarm about the benchmark price for crude oil in the 2019 Appropriation Bill.
Amy Jadesimi

LADOL’s boss Amy Jadesimi wins FIN Leading Women Award 2019

In recognition of a sterling performance in the oil and gas servicing industry, Managing Director of Lagos Deep Offshore Logistic Base (LADOL), Amy Jadesimi, has been named the oil and gas leading woman.
Egina

Total begins 200,000bpd oil production at Egina field

Total has commenced oil production at its Egina field located in around 1,600 meters of water depths, 150 kilometers off the coast of Nigeria. The Egina field will produce 200,000 barrels of oil per day, which represents about 10 per cent of Nigeria’s production.

Federal government to raise daily crude oil production by two million barrels

Emmanuel Ibe Kachikwu, the Minister of State, Petroleum Resources, has said that the Egina FPSO project, once commissioned this month, will increase Nigeria’s daily crude oil production by 200, 000 barrels.

Ibe Kachikwu: Nigeria’s daily oil production expected to rise to 2.2 mbd in early...

Nigeria’s oil production is set for a timely boost, climbing to around 2.2 million barrels per day (mbd) by early 2019 with the start-up of the giant 200,000 barrels per day (bd) Egina field, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said.
ladol free trade zone

LADOL, Samsung battle over equity holding in SHI-MCI

The dispute between the Lagos Deep Offshore Logistics (LADOL) Base and the Samsung Heavy Industry (SHI) has taken a different dimension as both companies now face legal battle over the ownership of SHI MCI Free Zone Enterprise, a joint venture set up for the execution of Egina Floating Production Supply and Offloading (FPSO) project.
ladol free trade zone

LADOL explains sack of Samsung from Lagos Free Zone

Following the recent refusal of entry to workers of the Samsung Heavy Industries Nigeria (SHI), the management of Lagos Deep Offshore Logistics, LADOL, has justified the sacking of the fabrication and integration company from the free zone over expiry of operating licence.

Groups petition Presidency, EFCC concerning loss of 30,000 jobs

While presenting the petition at the EFCC office in Abuja, the CEO of CODE, Hamzat Lawal, said that the purpose of the petition was to call on the EFCC to investigate the matter and to take the necessary actions so that such an occurrence would not repeat itself.
Hamzat Lawal CODE

CSOs petition EFCC on alleged corrupt practices by foreign contractors

Connected Development in collaboration with the Nigerian Young Professionals Forum on Tuesday submitted a petition to the Economic and Financial Crimes Commission on alleged corrupt practices by some foreign contractors.

Egina FPSO sails to 200,000bpd offshore field

The FPSO sailed away from the quayside at Samsung Yard in Geoje, South Korea on October 31, 2017 and arrived at the Samsung Yard (SHI-MCI FZE quayside) in LADOL free zone in Lagos in January, where it was integrated locally by Samsung Heavy Industries Nigeria (SHIN) Limited.

Recent Stories

The Super Eagles may not have any cause to fight over money like the Indomitable Lions of Cameroon and the Warriors of Zimbabwe have done at the 2019 Africa Cup of Nations which started last Friday in Egypt. This is because President Muhammadu Buhari has approved the budget the Nigeria Football Federation (NFF) submitted to him for the national team’s 2019 AFCON campaign.

President Buhari approves Super Eagles’ Afcon budget

The Super Eagles may not have any cause to fight over money like the Indomitable Lions of Cameroon and the Warriors of Zimbabwe have done at the 2019 Africa Cup of Nations which started last Friday in Egypt.
Kidnap Victim

Community head, three wives, children abducted in Zamfara

Rampaging bandits on Friday kidnapped the head of Yan Buki community in Kaura Namoda Local Government Area of Zamfara State, Buhari Ammani, along with his three wives.
Hajj Pilgrims

Reduction in Hajj fare commended

Efforts of the Hajj stakeholders that culminated in reduction of the 2019 Hajj fare by over N50,000 across states have been commended by the Independent Hajj Reporters, a Civil Society Organisation (CSO) that monitors and reports Hajj and Umrah activities in the country.
Mohamed Ould Ghazouani

Mauritania’s Mohamed Cheikh El-Ghazouani declares himself winner of presidential poll

The presidential candidate for Mauritania’s ruling party, Mohamed Cheikh El-Ghazouani, has declared himself the winner of the country’s general elections on Saturday night in the first round, while the results were still being compiled.

Wife stabs husband seven months after marriage

The Bayero University Kano Law student, Fatima Musa, on Friday night at about 1.30am at their residence at Ungwar Mai Kalwa, Naibawa quarters in Kumbotso local government area of Kano was said to have stabbed her husband in the abdomen over communication she suspected her husband was having with some females on phone.