Business Hilights

Tracking Nigeria's Headline Business News Online

Egina Floating Production Storage Offloading (FPSO)

Egina FPSO begins final journey to its Offshore Field ahead of production

Barely seven months after arriving from Samsung Heavy Industries of Korea (SHI) shipyard, the $3.3 billion Egina Floating Production Storage Offloading (FPSO) unit for 200,000 barrels per day capacity will sail away from LADOL Free Zone in Lagos to the…

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…