$3.8bn Egina FPSO vessel to arrive Nigeria in Q1 2018 – Samsung

The technical partner of the Lagos Deep Offshore Logistics Base (LADOL), in the building of the $3.8 billion Egina oil production vessel at LADOL’s...

Lagos oil field operator; Folawiyo Petroleum’s MD indentifies PIGB’s flaws

The CEO of Yinka Folawiyo Petroleum Company Limited; operator of the Aje field, offshore Lagos, has identified gaps in the Petroleum Industry Governance Bill...

FG directs NCDMB to achieve 100% offshore platform fabrication by 2027

The Minister of State for Petroleum Resources, Ibe Kachikwu, speaking at the just-concluded Nigerian Content Workshop in Imo, has charged the Nigerian Content Development...

Reps to investigate TCN over $2b in foreign loans

The House of Representatives will investigate $2 billion in foreign loans which the state-owned Transmission Company of Nigeria (TCN) may have raised without official...

Respite for INTELS as Reps order NPA to reverse contract revocation

The House of Representatives yesterday ordered an immediate reversal of the termination of the contract between Integrated Logistics Services (INTELS) Nigeria Limited and the...

Oando’s JSE listing also suspended

The Johannesburg Stock Exchange (JSE), on Thursday halted trading in the shares of Nigerian oil company, Oando, Business Day SA, reports. A statement was issued...

NEMSA certifies 4,138 power projects out of 5,037 inspected

Managing Director of the Nigerian Electricity Management Services Agency (NEMSA), Engr. Peter Ewesor said the agency has inspected 5,037 new power projects and certified...

Offshore Nigeria still a major piracy hotspot – IMB

The International Maritime Bureau (IMB) of the International Chamber of Commerce (ICC) in its latest report notes that while piracy incidents were down compared...

Senate postpones Kachikwu/Baru probe to next week

The planned probe by the Senate of the Group Managing Director of NNPC, Dr. Maikanti Baru, over the allegations by the Minister of State...

SEC orders suspension of Oando shares

The Securities and Exchange Commission (SEC) said on Wednesday it had ordered the suspension of Oando shares citing concerns about possible insider trading and...

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