Skip to main content

Oando Acquires Oil Block In Angola

Oando Plc  Favour Ifeoluwa & Akinola Ajibade  Oando Plc  says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc,  Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
Post a Comment

Man jailed for manfor destroying sub-station equipment

Man jailed for destroying sub-station equipment

By Akinola Ajibade 

An Owerri Chief Magistrate Court has sentenced a man identified as Idris Ibrahim to two years imprisonment for vandalising power sub-station, as well as stealing telectrical armoured cable whort several million of naira.
The items belonged to the  Enugu Electricity Distribution Company ( EEDC))one of the distribution firms unbundled from the defunct Power Holding Company of Nigeria (;PHCN) during the privatisation of the sector in 2004.
Ibrahim ( 24)  was jailed by the Court sitting in Owerri on the basis of stealing and destruction of properties belonging to the utility company.
In his ruling, His Lordship Ojinnaja.C, said that the  office was punishable under section 390(9) of the criminal code CAP 'C38' Laws of the Federal Republic of Nigeria 2004 as applicable in Imo State.
According to him, the property  was situated at Imo Housing World Bank Estate in Owerri.
He said that the offence punishable under section 390(9) of the criminal code CAP 'C38', Laws of the Federal Republic of Nigeria 2004 as applicable in Imo State.  
Idris,, who pleaded guilty to the charge was apprehended on 16th March, 2022 by the residents  of the  and subsequently handed over to the New Owerri Police Station, along with the vandalized armoured cable.
In a statement issued by the Company's  Head of Corporate Communications Mr. Emeka Ezeh and made available to the News Mirror,  the firm said that the convict was  remanded at the Owerri Correctional Centre, in the state,  where he would be serving his term, while the court ordered that the recovered vandalized item with a view to hand it over to the management of the Enugu-base utility fir
He commended the efforts of the residents, who apprended the vandal, adding that their actions have shown that all the Statements made by the company in order to guarantee the safety of its properties was true.
Recall that a 22-year-old-man identified as Ifeanyi Ugwu was sentenced to three (3) years imprisonment by Hon. Justice H.A. Nganjiwa, at the Federal High Court 1, Awka, Anambra State, for vandalizing Aniawonwa 300KVA Transformer located at Eziama Village, Ojoto, Idemili South Local Government Area of Anambra State.

Comments

Post a Comment

Popular posts from this blog

'Nigeria Needs Carbon Emission Reduction To Diversify Energy Portfolio'

SNEPCo Wins Awards  By Favour & Akinola Ajibade Nigeria will be able to reduce carbon emission caused by fossil fuels production, once its  renewable energy portfolio, is diversified, Shell Nigeria Exploration and Production Company (SNEPCo) Managing Director Mrs, Elohor Aiboni has said.  According to her, Nigeria would meet the energy needs of its growing population of over 200 million people, once it encourages Public-Private Partnerships in renewable energy, adding that the development would enable her to overcome high investment costs and limited access to financing. She spoke in Lagos, during the 41st annual International Conference and Exhibition of the National Association of Petroleum Explorationists (NAPE). The event was organised for her and  other senior officials of the company.  SNEPCo's Managing Director, Alboni  At the event are officials of SCiN) and their various awards. There,SCiN won the Best Exhibitor and Plat...
Post a Comment
Read more

SHELL PHOTOSTORY-2 ( LAKOWE GOLF COURSE, LAGOS

L-R: General Manager, Safety and Environment, Shell Nigeria, Elozino Olaniyan; Vice President Midstream, Henry Bristol; former Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Chike Onyejekwe; SNEPCo Managing Director, Elohor Aiboni and Shell Nigeria Vice President, Human Resources, Olukayode Ogunleye, at the Golf Kitty retreat organised for serving and retired leaders of Shell Nigeria at the Lakowe Golf Course, Lagos… recently. A cross section of serving and retired leaders of Shell Nigeria at the Shell Nigeria Golf Kitty Retreat held at Lakowe Golf Course, Lagos… recently.    
Post a Comment
Read more

NUPRC Is Not Leaving Abuja As Erroneously Speculated

By Ibrahim Musa With clear mandates – ensuring compliance with petroleum laws, regulations and guidelines, monitoring of operations at drilling sites, producing wells, production platforms and flowstations, crude oil export terminals, and all pipelines carrying crude oil, and natural gas, supervising operations being carried out under licenses and leases, monitoring operations to ensure that they are in line with national goals and aspirations – the Nigerian Upstream Regulatory Commission, NUPRC, occupies a very influential position in Nigeria’s oil and gas industry. The NUPRC also has the mandate to monitor operations to ensure that they are in line with national goals and aspirations, including those relating to Natural Gas Flare elimination & monetization, Domestic Gas Delivery Obligations and Domestic crude oil supply obligations and ensures that Health Safety& Environmental regulations conform to national and international best oil field practice. The agency fu...
Post a Comment
Read more