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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.
In 2018, at the peak of the construction and integration of the Egina FPSO, over 3,000 Nigerians were employed by Samsung (SHI-MCI).
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 (SHI) says it has invested over 400 million dollars in the Nigerian oil and gas industry since the global shipbuilding giant was awarded the contract to build the Floating Production Storage Offloading (FPSO) vessel for the 200,000 barrels of crude oil per day Egina deepwater field.
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.
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.
Lagos Deep Offshore Logistics (LADOL), operators of the Egina Floating Production Storage and Offloading (FPSO), has sued its partner Samsung Heavy Industries, over an alleged disregard for Nigerian laws and regulations on doing business.
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.
The management of Lagos Deep Offshore Logistics (LADOL) has denied claims that its hostile policies at the Lagos Free Zone were frustrating investors doing business in the area.
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday commended the management of Total Upstream Nigeria Ltd. (TUPNI), for its 16 billion dollars (N5.76 trillion) Egina project in Nigeria.
The Chairman Senate Ad hoc Committee on Local Content, Mr Solomon Adeola, has commended the management of Total Upstream Nigeria Limited on its $16bn (N5.76tn) Egina project in Nigeria.
The Total Upstream Nigeria Limited (TUPNI) $16 billion (N5.76 trillion) Egina Floating Production Storage and Offloading unit (FPSO) project on Wednesday arrived Nigerian shores from South Korea.
History will be made today, as the energy and maritime industry expect the $3.3 billion Egina Floating Production Storage Offloading (FPSO) vessel to sail into Lagos, making Nigeria the first in Africa to fulfill the local content integration.
Nigeria’s oil and gas industry is set to record another milestone as the 3.3 billion dollar Floating Production Storage Offloading vessel for the 200,000 barrels per day capacity Egina deepwater oilfield arrives Nigeria from South Korea on January 23.
Ultimate Fighting Championship president, Dana White, has hinted that Gilbert Burns will be the next fight for welterweight champion, Kamaru Usman.
Çakır is one of the most highly rated goalkeeper outside of Europe’s top five leagues and has been capped twice by Turkey.
Prince Kassim Afegbua, a chieftain of the Peoples’ Democratic Party (PDP) and former Commissioner for Information in Edo state, has vowed to openly work against Governor Godwin Obaseki, the party’s candidate for the September 19 governorship election in Edo state.
The Federal government of Nigeria has on Sunday, July 12, 2020, formally handed over the National Theatre Iganmu to the Central Bank of Nigeria (CBN) and Bankers Committee.
Chama Cha Mapinduzi, CCM, Tanzania’s ruling party, has endorsed the candidature of President John Pombe Magufuli for upcoming presidential polls.
The Federal Government, on Tuesday, said it has released a total of 7, 813 inmates from various Correctional Centers since the outbreak of Coronavirus in the country.
The Kebbi State Government has commenced the construction of road networks in Gwandu and Argungu Local Government Areas of the state.
Power Distribution Companies (DisCos) have advocated a Central Bank-funded massive meters roll-out project, to ensure that electricity customers were adequately metered.
Mrs Abike Dabiri-Erewa, the Chairman of Nigerians in Diaspora Commission, NiDCOM, has lamented the effect of cyber crime on the image of Nigeria.
As part of efforts to promote sustainability of roads, the Lagos State Government has reiterated the needs for residents to desist from indiscriminate dumping of refuse into drainages as doing so will reduce the life span of the various road infrastructures provided across the State.