Nigeria's Oil Industry To Get Lift From SHI Offshore Technology Investment

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the global oil industry’s belief that fluctuations in short-term oil prices do not affect oil projects, given the long-term nature of oil and gas projects.

SHI announced recently that it has signed a US 2.5 billion deal with a European company to provide ship blocks and other equipment. The deal, the largest order ever the shipyard has clinched will be finalized in December 2025.The company has continued to wax stronger and stronger with the expectation that the market environment can be turned around when oil prices rise given that projects of oil companies are not dependent on the short-term changes in oil prices.

In addition, the report also showed that SHI is recognised by world’s leading oil producers for its accumulated shipbuilding technologies in offshore development facilities. With these technological acquisitions, the company said it has effectively demonstrated excellent turnkey-producing abilities.

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