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Egina FPSO

29 Nov 2019
To deepen local content development and ensure organisations thrive in Nigeria’s business environment, there is a need to encourage collaboration as well as ensure that regulations aid business growth.
2 Jan 2019
Just like a fresh wind in the early morning cast, Nigeria’s maritime sector oozed towards the anticipation of a fulfilling year. Great, indeed was the journey...
24 Dec 2018
The current strife between Samsung Heavy Industries Nigeria Limited, a South Korean company and Lagos Deep Offshore Logistics Base (LADOL) is a situation government must pay attention to. The first shocking news came to light three weeks ago. It snuck in like a silent mystery. It was about a worrying action by Samsung Heavy Industries…
12 Dec 2018
A Lagos State High Court sitting in Igbosere has granted an interlocutory injunction restraining Global Resources Management Limited and LADOL...
6 Dec 2018
Lagos High Court sitting in Igbosere has ordered Samsung Heavy Industries (SHI) of South Korea to remove the barricade and the electric fence...
3 Oct 2018
The $3.3 billion Egina Floating Production Storage and Offloading vessel otherwise known as Egina FPSO is the first of its kind to enjoy the benefits of Nigerian content to such an appreciable level.   The vessel, conceptualised and built in South Korea, and integrated in Nigeria, to fulfil the Nigerian content requirement, has in the…
29 Aug 2018
The $3.3 billion Floating Production Storage Offloading (FPSO) unit that sailed away in the early hours of Sunday from Lagos to the 200,000 barrels per day Egina oilfield has opened...
29 Aug 2018
Young professionals in the oil and gas sector yesterday petitioned President Muhammadu Buhari and the Economic and Financial Crimes Commission (EFCC) to protest against corruption in the sector, which has led to the loss of 30,000 jobs.
28 Aug 2018
Anticipated increase by 200,000 barrels of oil per day to Nigeria’s oil production (approximately 10 per cent of the country’s total oil production) received impetus following the successful sail-away of the Egina Floating, Production, Storage and Offloading (FPSO). This comes on the heels of latest report from the Organisation of the Petroleum Exporting Countries (OPEC),…
13 Aug 2018
Monopoly in Nigeria's business environment and government-controlled economy are disservice to the national economy and country's development, Acting President Yemi Osinbajo has disclosed.
16 May 2018
Samsung Heavy Industries (SHI), has contracted AfrikDelta Marine Limited (ADML), a Nigerian supplier of marine services and a member of Jagal Energy, for the tow and turning services for the Egina Floating Production Storage and Offloading (FPSO) vessel. The services delivered by ADML would enhance full integration of the vessel, which is currently berthing at…
7 Feb 2018
The Chairman, Lagos Deep Offshore Logistics Base (LADOL), Ladi Jadesimi, has expressed the company’s readiness to deliver the $3.8 billion Egina Floating Production Storage Offloading (FPSO) vessel ahead of the scheduled period slated for six months. Jadesimi, who expressed optimism that Total’s FPSO has given opportunity to the nation to further grow its human capital…


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The Ekiti State Governor, Dr Kayode Fayemi, has urged the Bank of Industry (BOI) to partner with the state to move farmers from subsistence to commercial agriculture and agro processing levels.
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Czech Republic and the Atunluse of Owu-Ijebu, Otunba Femi Adewunmi have collaborated to donate a fully-equipped intensive care unit (ICU) to the General Hospital, Ijebu-Ife, Ogun State.   The donation was made as part of the activities marking the official handover and commissioning of the 12-bed health facility valued at over N200 million in the…
11 mins ago
Ondo State Governor, Oluwarotimi Akeredolu, has assured the people of the state and entire workforce that he will not leave unpaid salaries for his successor after his eight years in office.
12 mins ago
Nigeria’s national productivity growth rate is low due to infrastructure deficit, unemployment and youth challenges, constant strike actions, brain drain, corruption, insecurity, poor workers’ attitude to work and lately the ravaging COVID-19 pandemic...
12 mins ago
In a move to empower customers across the continent with impactful and functional skills, Africa’s leading entertainment provider, MultiChoice, is partnering with Udemy, a global leader in online learning, to provide access to thousands of high-quality courses to enable DStv and GOtv customers to invest in their personal and professional development.   For years, the…