Business Hilights

Tracking Nigeria's Headline Business News Online

Egina Floating Production Storage and Offloading (FPSO)

Good news as Total hits total flare-out on Egina field

Barely few months after installation and resumption of exploration activities, Total Exploration and Production, owners of Egina Floating Production Storage and Offloading (FPSO) operations, has announced the achievement of No-Routine-Gas-Flaring on the platform. In a statement issued by the Country…

Egina FPSO arrives oil field, production stalled by LADOL, Samsung dispute

The industry wide celebration that welcomed the safe arrival of $3.3bn Egina Floating Production Storage and Offloading (FPSO) is now being rubbished by high level conflict between the management of LADOL and Samsung Heavy Industries (SHI), South Korea. The platform…

$3bn Egina FPSO completed, on the way home from Korea

South Korean technology giant and shipbuilder, Samsung Heavy Industries (SHI), has kept its promise to complete the construction of the $3bn Egina floating production storage and offloading (FPSO), in September and sail it home to Nigeria between October and November…

As Egina FPSO sails to Nigeria in August, hope rises on oil earnings

Just as the multi-billion dollar Egina Floating Production Storage and Offloading (FPSO) vessel currently under construction in Geoje, South Korea, will begin its homeward sail to Nigeria in August, industry experts have started looking at what it add to the…