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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.
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.
In 2018, at the peak of the construction and integration of the Egina FPSO, over 3,000 Nigerians were employed by Samsung (SHI-MCI).
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.
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 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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Deputy Senate President, Senator Ovie Omo-Agege, has called for “thorough investigation” over the attack on a supporter of President Muhammadu Buhari and the All Progressives Congress (APC), Mr. Elvis Omoiri, in Effurun, Delta state.
Neymar claimed he can handle hostility from Paris Saint-Germain fans and "personal reasons" were behind his desire to quit the club.
The National leadership of “Young Workers’ Committee’’, an arm of the Nigerian Union of Local Government Employees (NULGE) has lauded the efforts of Ebonyi Gov. Dave Umahi in developing the state.
Thousands of small-business owners, petty traders and artisans in Abia-North senatorial district of Abia State showered encomium of gratitude on the Orji Uzor Kalu Foundation following the successful conclusion of its Small Business Zero Interest-Free Loan scheme.
In an effort to curb the menace of gender-based violence particularly rape, Akwa Ibom state first lady, Mrs Martha Udom Emmanuel, has disclosed her plans to begin to expose those caught in the heinous act to the public.
The acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has reiterated the resolve of the anti-corruption agency, to ensure transparency and honesty in the implementation of the ideals behind the creation of the National Social Investment Programme, N-SIP in the North-East.
Inter Milan reclaimed top spot in Serie A after a 1-0 win over 10-man Udinese on Saturday as Juventus lost three players to injury in a painful goalless draw at Fiorentina to complicate preparations for next week’s Champions League opener.
Lagos state government has disclosed that only 700,000 out of the 4.8million Lagosians registered as taxpayers are active taxpayers out of a population of about 22million people.
The FCT Primary Health Care Development Board has solicited the partnership of government and communities in the development and maintenance of healthcare centres in the six FCT area councils.
Patrice Evra has updated Manchester United fans in regards to his progress towards becoming a coach amidst rumours over a potential return.