N600BN INDIGENOUS FPSO READY BY 2017

Nigeria will realise the national aspiration of building its first indigenous Floating Production Storage and Offloading (FPSO) in 2017, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Denzil Kentebe has revealed.
Speaking at the just-concluded Practical Nigerian Content Conference held in Yenagoa, Bayelsa State, Kentebe explained that the $300 million (N597 billion) facility is presently under construction at the Lagos Deep Water and Logistics Base (LADOL).

Read more @ The Guardian

ENI CEO NEVER CONSIDERED RESIGNING OVER MALABU OIL DEAL

The Chief Executive Officer of Italy’s Eni, Claudio Descalzi, has never considered offering his resignation following his involvement in a Nigerian corruption probe being carried out by Milan prosecutors, the chairwoman of the oil major said Wednesday.

“The idea never existed,” Emma Marcegaglia said in reply to the question if Descalzi had offered his resignation.

Read more @ Thisday Live