Oando Plc yesterday announced that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a competitive bidding process organised by the Angolan National Agency for Petroleum, Gas and Biofuels (ANPG).

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

Oando, during its recent meeting with its Joint Venture (JV) partners, Nigerian National Petroleum Company Limited (NNPCL), expressed optimism in fostering partnerships that aid the realisation of the country’s energy goals.

Nigeria’s energy company, Oando PLC, is poised to significantly enhance the country’s oil reserves and production capacity following its landmark $783 million acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni. Recently recognized in South Africa as the “Deal of the Year,” this acquisition is set to boost Oando’s oil reserves…

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 Lagos State government has unveiled plans to collaborate with Oando Clean Energy to address the challenge of methane emissions from dumpsites and landfills across the state. The Commissioner for Environment and Water Resources, Mr Tokunbo Wahab, disclosed this during a courtesy visit by Oando Clean Energy to Alausa. Wahab emphasised that the partnership would…

The renewable energy business subsidiary of Oando Energy Resources, under the Oando Plc group, Oando Clean Energy Limited (OCEL), and its technical partner, Yutong Bus Co Limited, have met the Lagos Ministry of Transportation and the Lagos Metropolitan Area Transport Authority (LAMATA). The delegation, led by President/Chief Executive Officer of OCEL Ademola Ogunbanjo, and Vice…

About $7 billion worth of assets was divested to indigenous oil companies in the last eight years as the share of Nigeria’s oil production by local companies moved from 3 per cent to 30 per cent. Chief Executive Officer of Oando, Wale Tinubu, disclosed this Tuesday at the African Energy Week in South Africa, as…

In continuation of his dedicated mission to ensure a robust source of energy for Nigerians, Group Chief Executive, Oando Group, Wale Tinubu, has emphasized the company’s long-standing dedication to transforming lives through accessible energy sources. "This is an energy story on we've been writing for over 30 years. We are positively impacting the lives of…

The equity market extended its losses on Thursday as the market capitalization dropped by N127 billion, or 0.21 per cent, from N59.559 trillion to close at N59.432 trillion. Similarly, the All-Share Index declined by 0.21 per cent, losing 210.2 points to close at 98,081.38, compared to 98,291.53 recorded on Wednesday. As a result, the year-to-date…

The Rivers State Government has entered into a partnership with Oando Energy Resources Nigeria Ltd to deliver 100,000 barrels of crude per day over the next five years, in addition to 1.5 billion standard cubic feet of gas. The decision was reached on Wednesday when a delegation from Oando Energy Resources, led by its Managing…

Multinational oil giants, Aiteo and Oando, have blamed host communities in the oil-rich Niger Delta region for the recurring incidences of oil theft and pipeline vandalism.