₦airaland Forum

Bélla3: yes, actualy nt music. Sound in irregular frequency(noise) mostly in a strange language i dnt understand... Esp. During ramadan from 12-4am i no fit sleep.
All i hear is:
call:la ila ila ala ila la la
response: la ila la ila la
for good four hours!
Then every 4:30am(when the sleep is sweetest) i hear chants of prayer that disturbs the still of the early mornings.

[b[size=18pt]]e don happen[/size][/b]

Pergrace: Uche wan go play for Superbowl

Uche really wants to play at the Superbowl

Uche wan go play for Superbowl

[size=14pt]Abeg una see as Keshi dey sweat for head, abi na only me see am? ...[/size]

[size=14pt]Congrats Seun...[/size]

NNPC Selection of Samsung for Egina FPSO not final – HHI


South Korean engineering firm Hyundai Heavy Industries (HHI) has said a final decision on the award of a floating production, storage and offloading vessel contract for the Egina deepwater oil field offshore Nigeria had not yet been made despite the provisional award of the contract to rival Samsung by the NNPC management.

It was gathered that the NNPC Board, chaired by Diezani Alison-Madueke, the minister of petroleum was expected to meet on Monday 7th January 2013 to take a final decision on the award.

HHI said it was keeping a close eye on developments surrounding the award of the contract, which had originally been earmarked for award to HHI.

“The final decision has not been made yet,” an official at HHI said Friday.

“HHI was picked as a preferred bidder for the Egina project deemed significant to us,” he said.

Samsung declined to comment Friday.

France’s Total, the operator of the field and state-owned Nigerian National Petroleum Corp. are currently in dispute over the award of the FPSO contract to Samsung after it was originally awarded to HHI.

Sources have told Platts that a team of officials from Total and NNPC subsidiary the National Petroleum Investment Management Services in late December approved the award of the FPSO contract to HHI for $3.8 billion, but NNPC chose Samsung whose bid was 5% less than the approved cost.

NNPC said in mid-December that further development plans on the Egina field, along with the Erha North deep offshore field operated by ExxonMobil, were on hold to allow for a comprehensive review of the economics.

Sources close to the project said the review would end up hampering progress on developing the highly prospective field.

Egina, Total’s third deep offshore development in Nigeria, lies in OML 130 and near the Akpo field.

Total, which holds 24% equity in the field, began putting in place plans to commence drilling at Egina late last year, with a 2014 target date for the start of production.

The Egina field is expected to reach peak production of 150,000 b/d.

http://www.thepetropro.com/news/nigerian-news/nnpc-selection-samsung-egina-fpso-not-final-%E2%80%93-hhi


We are on stand-by and waiting for the outcome

saleeh: go to www.filehippo.com, download u-torrent software and install it, then go to www.piratbay.org and choose application then type your required software, it will open like a seach machine bringing different versions of the software you need, click on Get this, the intalled u-torrent will automatically start the download

Thanks a bunch Saleeh

Just saw GEJ's visit to Ikeja Police College on Channels TV.

Demdem: u wan spoil show be that oooo

That's eh..no be small thing

Walters don miss hatrick ohh..

Two own goals.... yet misses a penalty

See the kind impact wey Demba display this few minutes he was brought in..you can imagine what would have happened if he started the game...

Ivanovic don spoil today's game

Swansea 2-0 game over for chelsea

Na pidgin the commentators wan use...na who dey speak pidgin for the background?

For those of us working in the Oil and Gas sector...What is your opinion on this matter?

http://www.ngrguardiannews.com/index.php?option=com_content&view=article&id=109357:samsung-may-upstage-total-to-clinch-egina-fpso-deal-&catid=31:business&Itemid=562

Reports had it that National Petroleum Investment Management Services (NAPIMS) had consequently forwarded the name of Hyundai Heavy Industries as the preferred bidder for the FPSO package to the NNPC for consideration but somehow NNPC decided to award Samsung the contract because of a 5% discount.
The One million dollar question is why didn't NNPC ask Hyundai Heavy Industries to give them a 5% discount?

HOUSTON- Samsung, the Korean Ship builder, engineering, procurement and construction giant appears to have been endorsed by the group executive committee, GEC, of the Nigerian National Petroleum Corporation, NNPC, for execution of the Egina Floating, Production, Storage and Offloading, FPSO, vessel in what appears to be questionable circumstances.

Egina oil field is a $15 billion project development being promoted by Total, the French oil giant in partnership with the NNPC, on behalf of the Nigerian government.

An international bids tender process for the Egina project, superintended by NAPIMS, the NNPC investment arm; the Department of Petroleum Resources, DPR; the Nigerian Content Development and Monitoring Board, NCDMB; and Total had seen the emergence of Hyundai Heavy Industries, HHI, to handle the FPSO packages valued between $3.5 billion – $4 billion.

NAPIMS had consequently forwarded the name of HHI as the preferred bidder for the FPSO packages to the NNPC for GEC consideration.

It was gathered that in a meeting which took place after a GEC meeting held a few days before Christmas, Mr. Andrew Yakubu, the NNPC group managing director, Abiye Membere, the NNPC group executive director and Mr. Tony Madichie, the NNPC secretary and legal adviser, decided to award Samsung the FPSO package.

Although we gathered that Samsung gave a 5 per cent discount on the bid advanced by HHI, the company did not participate in the initial bids tender exercise, neither was it recommended by the superintending authorities.

Repeated phone calls including a text message to Mr. Membere for clarification proved abortive. Similarly, phone calls to Mr. Yakubu to obtain clarification were not answered.

While the development runs against the grain of due process, checks revealed that, Samsung has never executed any project in Nigeria neither does it have any presence in the country.

Further checks revealed that the Egina project has a 51 months execution timeline, and it will take anywhere between 4 and 5 years for Samsung to construct a facility in Nigeria to execute the Egina FPSO package.

Although officials of Total refused to be quoted, those who spoke on condition of anonymity referred us to a letter the company had written to the NNPC insisting on sticking to due process.

“The NNPC management must either stick to due process or forget about this project. Already, the way and manner they have gone about this, exposes all those involved to investigation by the government of the UK under the anti-bribery law and the US Security and Exchange Commission, SEC, over possible contravention of the Foreign Corrupt Practices Act, FCPA,” the lady noted.

“It is now obvious that the so called effort to save Nigeria money has been a ruse all along to smuggle in Samsung to handle the FPSO package. If indeed, the NNPC management had altruistic motive, why didn’t they ask HHI to reduce their bid by 5 per cent?

This is a very strange approach to doing business; we have never witnessed anything like this before, and we are afraid that the fallout could have very negative consequences for the image of the corporation and the government.”

Shortly after Mr. Abiye Membere, was appointed group executive director in charge of exploration and production, and his predecessor, Mr. Andrew Yakubu was elevated to the position of Group Managing Director, management of the corporation, they decided that all the projects which had been sent for GEC consideration were too pricey.

http://biztellers.com/2013/01/nnpc-in-questionable-egina-fpso-award-to-samsung/

THE Senate, on Tuesday, dissociated itself from the N2.5 billion loan deal scandal currently rocking the Nigeria National Petroleum Corporation (NNPC).

Two members of the Senate, including its spokesman, Senator Enyinnaya Abaribe and its Committee Chairman on Petroleum (Downstream), Senator Magnus Abe, said the legislature did not, at any time, authorise the borrowing.

Senator Abaribe said, “Under the law, no government agency can borrow money without the approval of the National Assembly.

“We have to know if that was done first. But then the question to ask under the circumstance is, what happened to the N161billion supplementary appropriation that was approved by the National Assembly for government to take care of the shortfall in the fuel subsidy budget, particularly to ensure steady supply of petroleum product during the yuletide.”

In the same vein, Senator Abe, said there was no record showing that approval was given to NNPC to borrow the money.

“As at this afternoon (Tuesday), there’s no record of the loan deal before us. We are still trying to confirm the loan from NNPC.

“The committee read about the loan deal on the pages of newspapers like other Nigerians and we have had concerned Nigerians calling to ask whether the National Assembly approved the loan. We have no record of such before us,” he said.

http://www.tribune.com.ng/news2013/index.php/en/component/k2/item/2685-senate-didn%E2%80%99t-approve-nnpc-$15bn-loan-deal-spokesmen

Anyway,the story continues..and will soon be swept under the carpet.[b]THE Senate, on Tuesday, dissociated itself from the N2.5 billion loan deal scandal currently rocking the Nigeria National Petroleum Corporation (NNPC).

Two members of the Senate, including its spokesman, Senator Enyinnaya Abaribe and its Committee Chairman on Petroleum (Downstream), Senator Magnus Abe, said the legislature did not, at any time, authorise the borrowing.

Senator Abaribe said, “Under the law, no government agency can borrow money without the approval of the National Assembly.

“We have to know if that was done first. But then the question to ask under the circumstance is, what happened to the N161billion supplementary appropriation that was approved by the National Assembly for government to take care of the shortfall in the fuel subsidy budget, particularly to ensure steady supply of petroleum product during the yuletide.”

In the same vein, Senator Abe, said there was no record showing that approval was given to NNPC to borrow the money.

“As at this afternoon (Tuesday), there’s no record of the loan deal before us. We are still trying to confirm the loan from NNPC.

“The committee read about the loan deal on the pages of newspapers like other Nigerians and we have had concerned Nigerians calling to ask whether the National Assembly approved the loan. We have no record of such before us,” he said.

http://www.tribune.com.ng/news2013/index.php/en/component/k2/item/2685-senate-didn%E2%80%99t-approve-nnpc-$15bn-loan-deal-spokesmen

Anyway,the story continues..and will soon be swept under the carpet.[/b]THE Senate, on Tuesday, dissociated itself from the N2.5 billion loan deal scandal currently rocking the Nigeria National Petroleum Corporation (NNPC).

Two members of the Senate, including its spokesman, Senator Enyinnaya Abaribe and its Committee Chairman on Petroleum (Downstream), Senator Magnus Abe, said the legislature did not, at any time, authorise the borrowing.

Senator Abaribe said, “Under the law, no government agency can borrow money without the approval of the National Assembly.

“We have to know if that was done first. But then the question to ask under the circumstance is, what happened to the N161billion supplementary appropriation that was approved by the National Assembly for government to take care of the shortfall in the fuel subsidy budget, particularly to ensure steady supply of petroleum product during the yuletide.”

In the same vein, Senator Abe, said there was no record showing that approval was given to NNPC to borrow the money.

“As at this afternoon (Tuesday), there’s no record of the loan deal before us. We are still trying to confirm the loan from NNPC.

“The committee read about the loan deal on the pages of newspapers like other Nigerians and we have had concerned Nigerians calling to ask whether the National Assembly approved the loan. We have no record of such before us,” he said.

http://www.tribune.com.ng/news2013/index.php/en/component/k2/item/2685-senate-didn%E2%80%99t-approve-nnpc-$15bn-loan-deal-spokesmen


Anyway,the story continues..and will soon be swept under the carpet.

Messi wins the award ....but the guy for try speak english nah

my heart dey beat fast ohh...

This woman (Hope Solo) wey get body like man

seedord247: football is not chinese movie... gerrit man

to me is more than Chinese movie

dayokanu: Have you seen anyone who goes from Harvard to prove himself in Kogi Poly to see if he would shine?

Bros why Kogi Poly?..you dey vex ohh...

afam4eva: Just look at the composition of FIFA 11. Later someone will shamefully compare a mushroom league like the premiership to the La Liga.

Those players should come to premiership league and see if they would shine at all....

toluxa1: Don't know if there is a new FIFA rule that all players attending tonight's Ballon D'Or award should come in under-sized blazers.

thought i was the only one that noticed..

mukina2: Fifa women's coach of the year award

Bruno Bini - France
Nori Sasaki - Japan
Pia - ex USA Coach

Winner is : Pia Sundhage

The lady can sing wella..what a lovely voice

I am trying to vote Falcao's goal for the 2012 FIFA Puskás Award but the website no gree go oh..