Divestments: Can independents secure Nigeria’s energy future with brown asset?
NAPE calls for seismic data update on Niger Delta Sopuruchi Onwuka Transfer of most onshore petroleum industry operations from the international oil companies to mainly indigenous independent companies puts the fate of the country’s economy in the efficient hands of…
Oando plants a foot in Angola with Block KON 13
Sopuruchi Onwuka Nigeria’s fast growing energy firm, Oando, has successfully clinched a joint venture deal, clearing the way for it to become the first Nigerian company to lead an exploration and production joint venture in the Africa’s second largest oil…
NAOC divestment: Eni pockets $783m, Oando grows massive
Sopuruchi Onwuka Federal government has finally signed off on a major asset sale transaction in the upstream petroleum industry, allowing Eni walk home with princely $783 million while indigenous Oando masses up a range of petroleum reserves, power production plants,…
How Oando shattered the barriers to divestment deals
Sopuruchi Onwuka The late entry of Oando Energy Resources (OER) in the prevailing divestment programme and its rapid progress to secure the first approval from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) now dominate hushed discussions in the industry. Before…
Approve divestment deals and leave production recovery to us __Roger Brown
Sopuruchi Onwuka Independent petroleum companies in the country seeking to replace international oil companies onshore Niger Delta have the capacity to drive the country’s rapid production recovery if pending divestment deals are approved by government. Seplat Energy PLC declared at…
Oando hauls in $550 m for NNPC’s Project Gazelle
Sopuruchi Onwuka Strong financial performance of Oando Plc in 2023 has not only reactivated investors’ interest in the company’s shares but also enabled the indigenous energy company to lead collaboration in raising $925 million for the Project Gazelle of the…
Wale Tinubu lays success roadmap for Guiana oil industry
Sopuruchi Onwuka Group Chief Executive of Oando Plc, Mr Wale Tinubu, has called on the South American state of Guyana to evolve credible policies, establish resource wealth management principles and build infrastructure backbone for its emerging petroleum industry. Mr Tinubu…
OANDO chiefs to mount stage at NIES 2024
Sopuruchi Onwuka Fast growing indigenous energy independent company, Oando, will mount a strong presence at the 2024 edition of the Nigeria International Energy Summit (NIES) which kicks off in Abuja today. According to a statement from The Wings Office Complex,…
NAOC JV delivers medical equipment to Niger Delta states
Nigerian Agip Oil Company (NAOC) on behalf of NAOC Joint Venture has donated medical equipment to tertiary health institutions and hospitals in its four states of operations in Niger Delta, Nigeria. The commissioning and handover ceremonies were held recently during…
Oando is ahead of Africa’s ESG curve
Nigeria’s leading indigenous energy solutions provider, Oando, has been confirmed the leader in Africa’s efforts to conform to new global environmental and sustainability standards through its innovative investments in business portfolios that wipe off its operational footprints on the environment….
