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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...
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Abia, Enugu, Anambra, two others hit by grid collapse. By Akinola Ajibade

Electricity supply to Abia, Anambra, Ebonyi, Enugu and Imo states are currently not inadequate, due to the collapse of the national grid yesterday, Sunday, June 12.
In a statement made available to the News Mirror by the Enugu Electricity  Distribution Company ( EEDC) , its spokesman, Emeka Ezeh, said that the nation witnessed another grid collapse at 6.49pm, adding that the device has affected supply to customers in five states in the South-Eastern part of the country. 
The states include  Imo, Anambra, Enugu, Abia and Ebonyi. 
" We are expecting information on restoration of supply,  from the  (National Control Centre ( NCC), he added.

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