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

Theft: Guinea detains ship alledgedly ferrying crude stolen from Nigeria

Equitorial Guinea: Ship alledgedly used in ferrying crude oil 


By Akinola Ajibade


Nigeria's campaign against crude oil thefts is yet to achieve its goal of nipping the unwholesome practices in the bud, as its citizens woke up, last week to receive the news of a carrier arrested and detained in Equitorial Guinea, another country in Africa.

Known as Heroic Idun, the ship, was suspected to be carrying crude alledgedly stolen from Nigeria, when it  was arrested and subsequently detained  by the Navy in Guinea. This was after the vessel got into a dispute with Nigerian authorities.

Of note, was the allegations that the 300,000 dead weight tonnage carrier entered Guineanan water without permission,  as it tried  to evade the Nigerian forces.

Confirming its detention, the  Vice President of Equatorial Guinea, Teodoro Nguema, said that the ship is anchored in the country's water, while at the same, conducting investigations on it.

He made the confirmation through his twitter handle.

“Equatorial Guinea is still investigating the tanker detained last week in Annobon following a tip-off from Nigeria. So far, the tanker has incurred two serious offences; first, entering our waters without prior authorisation and second, navigating without an identifying flag,” Nguema wrote.

The local media reported that Heroic Idun, registered in the Marshall Islands, was seen near the AKPO oil field, off the Nigerian coast, on August 7.

The Nigerian Navy’s Maritime Domain Awareness facility was the first to detect the vessel and flagged it for suspicious activity.

After the tanker departing an offshore field in Nigeria, the Nigerian Navy Ship, NNS Gongola tried to establish communication with its crew to question them on their activity and inspect ship’s papers.

The tanker reportedly resisted the contact and at one point issued a warning of an attempted boarding that was recorded by the International Maritime Bureau (IMB), which was later believed to be a false alarm.

When the vessel was ordered by NNS Gongola to proceed to Bonny Fairway for further interrogation, it instead increased its speed and changed its direction toward Sao Tome and Principe.

The Nigerian forces requested the assistance of neighbouring Equatorial Guinea in the pursuit of the crude oil tanker, which was eventually arrested on the afternoon of August 12 and ordered to sail to Equatorial Guinea.

Recall that Nigeria, according to its Minister of Petroleum Resources, Timpreye Sylva loses more than 400,000 barrels of crude oil and $40million respectively daily.


 

 

 

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

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

Nigeria Loses N10tn to Poor Electricity--- MAN

Its DG, Kadir-Ajayi By Favour & Akinola Ajibade Nigeria's manufacturing sector is losing about N10 trillion or two percent share of its Gross Domestic Product( GDP) to poor supply of electricity, the Manufacturers Association of Nigeria MAN 's Director-General of, Mr Segun-  Ajayi Nadir, has said. He said the electricity reforms introduced by the administration of President Bola Ahmed Tinubu, would help in salvage the sector, if well implemented.  The DG said this, while accessing the impact of of the country's electricity situations on the economy, stating that the sector would help in guaranteeing the growth and development of the economy, once the its reforms are adequately implemented.  According to him, the unfavourable situation in the power sector has placed the country among the worst countries to do business with a rank of 171 out of 190. On the recently signed electricity Act, the MAN's DG said that the 2023 Act will be a major game...
Post a Comment
Read more