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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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ASUU: : Divergent views trail strike action


By Akinola Ajibade

Stakeholders are holding divergent views on the lingering strike actions, the Academic Staff Union of Universities ( ASUU) have embarked upon in order to press home their demands for improved welfare services.
The labour dispute has entered four months,with ASUU,an association of lecturers of the Nigerian Universities, maintaining its stand on the issue, regardless of the fact that students and parents are at the receiving end of the dispute.
According to some of the stakeholders, who are drawing from the oil and gas sector of the economy, ASUU  allow mercy to prevail by calling off its strike in order to resume activities.
The Chief Executive officer, 11 Plc, formerly Mobil Oil Nigeria Plc, Mr Tunji Oyebanji, is interested in seeing ASUU reaching an agreement with the Federal Government, in order to end the issue and further allow students to resume academic activities.
He said:" In life there is always compromise, why are the lecturers insisting on 100 per cent of their demands.
However, the Executive Secretary, Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM ) Mr Essien Bassey, said that the resolve of the association of the  lecturers of the universities not to negotiate with the Federal Government on the issue may not be unconnected with mistrust, a problem, which has characterised the polity in recent times.
" Failure of the lecturers to reach an aggregment with the government may be borne out mistrust.
It might be that the government cannot be trusted with negotiations, they( ASUU) have negotiated with the  government in the past and bitten subsequently.

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