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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).
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.
Nigerian National Petroleum Corporation (NNPC)

NNPC: 80 deepwater oil blocks not producing

Only seven out of the 87 deepwater oil blocks in Nigeria are producing, while six are at different phases of development, the Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, has said.
Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu

Minister Kachikwu challenges ExxonMobil, others on gas commercialization policy

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged ExxonMobil and other International Oil Companies operating in Nigeria, to key into the gas commercialization policy of government for gas development in the country.

Former Ghanaian leader Jerry Rawlings rejects naming of university after him

Former President of Ghana, Jerry Rawlings, has rejected the naming of a university after him by the country’s Ministry of Education.

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.
Samsung Heavy Industries

Samsung invests over $400 million in NIgeria’s oil, gas 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.
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.

NNPC: No turn around maintenance on refineries for 42 years

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, said that the country’s refineries had not undergone Turn Around Maintenance (TAM) for an aggregate of 42 years.
Nigerian National Petroleum Corporation (NNPC)

Major repairs soon on Nigeria’s refineries – NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, said that the country’s refineries had not undergone Turn Around Maintenance (TAM) for an aggregate of 42 years.

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.

NCDMB to review offshore rig, vessel acquisition strategy

The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to finalise the review of offshore rig acquisition and vessel strategy.
President Buhari receives in audience delegation of LADOL Integrated Logisitics Enterprise in State House on 15th Nov 2018-4

Muhammadu Buhari: LADOL shows our reforms succeeding

President Muhammadu Buhari has said that his administration will continue to implement policies that attract investment and spark competition in critical sectors of the economy for employment creation and growth.
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.
ladol free trade zone

LADOL sues Samsung over alleged disregard for Nigerian laws, regulations

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.

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.
2 The $3.3 billion floating production storage offloading (FPSO) vessel for the Egina deepwater oilfield departed for the oilfield in the early hours of Sunday.

In Pictures: Egina FPSO sails to OML 130

The $3.3 billion floating production storage offloading (FPSO) vessel for the Egina deepwater oilfield departed for the oilfield in the early hours of Sunday.

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Senator Victor Umeh

Senator Umeh: Why I’m challenging Uche Ekwunife’s declaration

The immediate past senator representing Anambra Central senatorial district, Chief Victor Umeh, has said that for Nigeria to evolve, there must be strict adherence to the rules governing the country.

Police nab four over murder, robbery in Ekiti

The Ekiti State police command has arrested a 33-year old man, Kazeem Babalola, for allegedly killing three persons in Ado Ekiti metropolis.
Ibrahim Balarabe Abdullahi

Nasarawa Assembly re-elects Balarabe-Abdullahi as Speaker

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[FILE] US President Donald Trump chairs a Cabinet meeting at the White House in Washington, DC, on January 2, 2019. – President Donald Trump warned Wednesday the US federal government may not reopen any time soon, as he stood firm on his demand for billions of dollars in funding for a border wall with Mexico.Addressing a cabinet meeting on the 12th day of the shutdown, Trump warned it “could be a long time” before the impasse is resolved.”It’s too important a subject to walk away from,” said the president, who was to meet later with Democratic and Republican lawmakers. (Photo by NICHOLAS KAMM / AFP)

Donald Trump: Federal Reserve ‘very, very destructive’ to economy

President Donald Trump said Monday the US central bank has been “very, very destructive” to the economy by raising interest rates too quickly.

Nigerian Breweries faces lawsuit by engineering firm over intellectual property

An Engineering firm, Evanpower Engineering Limited, has threatened to drag brewery giant, Nigerian Breweries to court over alleged usage of its Intellectual Property without pay.