Business Hilights

Tracking Nigeria's Headline Business News Online

Mr. Nicolas Terraz

Senate loses confidence in agencies, orders ‘Value for Money Audit’ on Egina FPSO

After the settling down of festivities heralding the arrival of Egina Floating Production Storage Offloading (FPSO) platform from South Korea several weeks ago, the Senate Ad hoc Committee on Investigation of Local Content Element on Egina Oil Field and other…

Senate mute on cost of Total’s Egina FPSO, commends successful completion

Contrary to earlier position of the Senate Committee on Gas and Petroleum (Upstream), who had queried the cost of delivery differentials during one of its seating in Abuja, the same Committee had visited the arrived Egina FPSO and commended Total…

Egina field to begin oil exploration in Q4 2018, says Total

Emerging major deepwater development in Nigeria, Egina oil field is expected to achieve first oil in the fourth quarter of 2018. The floating facility is coming with a capacity to increase the nation’s oil production by 200,000 barrels per day….