SENATOR Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), says Oando’s acquisition of Eni’s Subsidiary, Nigerian Agip Oil Company (NAOC) will ramp up crude oil production to two million barrels per day (bpd). The Minister said the Oando company has already increased production to more than 30,000 bpd sequel to …
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Oando Plc has posted a revenue of N3.4 trillion in its 2023 full-year-end unaudited financials. The figure represents an increase of 71 percent when compared to N1.9 trillion posted in 2022. Oando disclosed this via a statement issued by the company’s Group Chief Executive Officer, Wale Tinubu, on Saturday, June …
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Insists local firms equipped to rejuvenate Nigeria’s oil sector INDIGEOUS oil and gas producer, Oando, has projected that it will double its production to 50,000 barrels per day of oil equivalent with the ‘imminent’ closure of its landmark deal with Eni. Oando’s Chief Operating Officer, Alex Irune, told S&P Global …
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The Federal Government on Monday inaugurated the board of the Securities and Exchange Commission with a directive to the board to make the stability of the capital market a cardinal objective. The nine-member board under the chairmanship of Mr. Olufemi Lijadu was inaugurated by the Permanent Secretary in the Ministry …
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Fresh oil spills suspected to emanate from American giant oil facility- ExxonMobil have hit more than 10 communities situated on the Ibeno shoreline in Akwa Ibom. In an interview with the News Agency of Nigeria, a youth leader in the community, Godwin Robert, secretary of Ulok Ulok People’s Assembly, lamented …
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A fuel attendant at MRS filling station on Lawanson road, Surulere and a resident of the area are battling for their lives as a Petrol Tanker caught fire while it was about to discharge fuel to the station. While the yet to be identified fuel attendant was said to have …
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