Barely two weeks after deploying the Egina Floating Production Storage Offloading (FPSO) unit for operations, LADOL, one of the builders of the vessel, has terminated its agreements with the foreign partner, Samsung Heavy Industries (SHI), over allegations of untoward activities, including contractual and ethical breaches. Specifically, LADOL, a logistics company and operator of the Free […]
Nigeria’s oil production capacity is expected to be buoyed as the multi-billion Egina deepwater project comes on stream effective from the fourth quarter of this year. The project, if streamed as projected, is expected to increase the nation’s oil production by 200,000 barrels per day (bpd), indicating at least 10 percent increase to the current […]
The Federal Government yesterday commended Total Upstream Nigeria Limited’s (TUPNI’s) management for committing about USD16 billion (about N5.76 trillion) to the execution of the Egina project.