The Ijaw Diaspora Council (IDU) has faulted the alleged plan to lay off over 450 staff of the Nigeria Agip Oil Company by the Oando Energy The post Group warned against workers’ layoff as Oando dismisses speculation appeared first on Read More
Oando confirms three attacks on its pipelines in Bayelsa
Nigeria’s gas export has dipped following three sabotage attacks on a major pipeline in Bayelsa, which feeds the Nigeria Liquid Natural Gas (NLNG) export terminal in Bonny, Rivers. The Ogboinbiri-Obiobi 24-inch gas pipeline between Angiama and Angiamagbene in the Southern Read More
How Nigerian oil firms are rewriting Africa’s energy future
The recent news of the acquisition of Shell’s assets in Nigeria by Renaissance Energy has added another layer to the wave of divestment by major oil companies to independent operators across Africa The post How Nigerian oil firms are rewriting Read More
Oando boosts oil reserves by 98% with $783m NAOC acquisition
Oando PLC has rated the $783 million acquisition of the Nigerian Agip Oil Company (NAOC) from Italy’s Eni as a landmark achievement this year. The post Oando boosts oil reserves by 98% with $783m NAOC acquisition appeared first on The Guardian Read More
Aiteo, Oando blame host communities for oil theft, pipelines vandalism
Multinational oil giants Aiteo and Oando have blamed host communities in the oil-rich Niger Delta region for the recurring incidents of oil theft and pipeline vandalism. Officials of the oil firms expressed their concerns Tuesday before the Mr. Julius Pondi-led Read More
Shareholders reap return on investment as Oando shares rise by 38%
Oando’s decision to fully co-operate with the Securities & Exchange Commission (SEC) to ensure a smooth and speedy conclusion of the investigation into the company as well as its efforts to reconcile with the aggrieved petitioners is gradually paying off. Read More
Minority shareholders accuse SEC of delay in Oando audit
Minority shareholders of Oando Plc under the aegis of the Proactive Shareholders Association of Nigeria (PROSAN), have complained of unnecessary delays in market regulators proceeding with the forensic audit of the indigenous oil company as planned. In a a fresh Read More