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Melee Kyari

FID on NLNG train 7 to be executed in December – NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Malam Mele Kyari, says the Final Investment Decision (FID) for Nigerian Liquefied Natural Gas (NLNG) Train 7 would be executed in December.

Total planning to sell stake in major oil block in Niger Delta

Total is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources have said.
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.

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Harry, Meghan threaten legal action over photos of duchess

Britain’s Prince Harry and his wife Meghan have issued a legal warning over photographs of the duchess walking her dogs in Canada, British media reported on Tuesday.
President Muhammadu Buhari on Monday signed the finance bill into law.

President Buhari condemns terrorist killing of CAN chairman

President Muhammadu Buhari has strongly condemned the terrorist killing of Lawan Andimi, chairman of the Christian Association of Nigeria (CAN) in Michika local government area of Adamawa state, describing it as cruel, inhuman and deliberately provocative, his spokesman, Garba Shehu, his spokesman said.

Governor Ortom’s victory at Supreme Court, true reflection of Benue electorate’s decision – ex-minister

Former Minister of State, Education and Chairman Benue State Civil Service Commission, Professor Jerry Agada, has described Governor Samuel Ortom’s victory at the Supreme Court as a true reflection of Benue electorates’ decision at the last general elections.
Nnia Nwodo

Imo guber: Ohanaeze disowns Uche Okwukwu

Ohanaeze Ndigbo has disowned reports credited to its suspended National Secretary, Bar Uche Okwukwu, noting that it has no opinion on the ranging controversy over Supreme Court judgment on the 2019 governorship election in Imo state.
Deeply worried by the spread of arms among bandits in Zamfara State, Governor Bello Mohammed Matawalle said he was taking the option of instructing the security to invite former governor Abdulaziz Yari to explain the whereabouts of about 1000 AK47, he, the former governor allegedly purchased with the state’s funds in 2013.

Governor Matawalle: My decision to build new government house, airport final

Governor Bello Matawalle of Zamfara State has said his decision to build a new Government House as well as an airport is final, no matter the criticism from his political opponents.