Shooting to death of Korean staff of Samsung at LADOL rekindles rivalry
Barely few months after the apparent resolution of the crisis that rocked final delivery of the Samsung Heavy Industries (SHI) built Egina FPSO with the management of Lagos Deep Offshore Logistics Base (LADOL) Free Zone in Lagos, another deadly crisis…
Oil/gas sector dormant in exploration, new projects due to regulatory uncertainties—Total
Leading oil and gas exploration giant and core investor in the Egina FPSO, Total has decried grow years of dormancy in upstream activities in the nation’s oil and gas sector due to regulatory uncertainties ahead of PIB assent. Chief Executive…
Renew Samsung group licence as we investigate breaches at FTZ, FG tells LADOL
As part of the first steps to return of normalcy at the Lagos Deep Offshore Logistics Base (LADOL) and its local content partner Samsung Heavy Industries (SHI-MCI), the Nigerian Export Processing Zones Authority (NEPZA), has vide a memo, directed LADOL…
Egina FPSO: Samsung deepening corrupt tendency in Nigeria—Prof Oditah
Legal luminary and lead counsel to Lagos Deep Offshore Logistics Base (LADOL), Prof. Fidelis Oditah, has accused Samsung Heavy Industries (SHI) – a subsidiary of the Samsung Group, Korea of trying to entrench its corrupt tendencies in Nigeria. The accusation…
1st phase of LADOL’s 50MW power project comes on stream next year—Jadesimi
The Managing Director of Lagos Deep Offshore Logistics (LADOL), Dr. Amy Jadesimi has revealed that apart from the recent success story of fabrication and integration of local components on the Korean built Egina FPSO, the company is at the verge…
Successful anchor of Egina FPSO plus for ease of doing business in Nigeria—Osinbajo
Acting President Prof Yemi Osinbajo has traced the successful anchor of the Egina FPSO to growing local content across board and a resounding testimonial of the success of the Ease of Doing Business in respect of the Ports industry. Speaking…
Egina FPSO to begin final journey to oil field in offshore Port Harcourt—DMD
Having completed all needed fittings and fabrications driven by local content both in Lagos LADOL facility and another yard facility in Port Harcourt, all is set for the final journey of the multibillion dollar Egina Floating Production Storage Offloading (FPSO)…
Can Samsung survive market competition with Tecno, deportation threat on MD?
There are strong indications that this season may not be the best for leading Korean digital device manufacturing giant, Samsung Corporation in Nigeria. This is based on two factors. First; in the last few years, new entrant to Nigeria’s smart…
Nigeria’s Egina FPSO feat powers Total to acquire 16% stake in Libya’s Waha
Less than one month of the successful berthing of Total’s Egina FPSO at LADOL facility in Lagos, the French energy giant weekend announced another major international investment, saying it has completed the acquisition of 16.33 percent stake in Libya’s Waha…
Confusion as FG, oil majors claim losses to oil production contracts
Serious apprehension has emerged in the nation’s oil industry over who is really gaining much or losing more as far as the prevailing Oil Production Sharing Contracts (OPSC) is concerned. OPSC is the contractual arrangement between oil production majors and…
