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

Lagos, Kano, Bayelsa, 13 others will experience flooding Sept, this year


Twenty out of thirty states in Nigeria are going to  experience floods  this September, the General Manager, Nigerian Meteorological Agency NiMet's, Mr Mubtari Yusuf, has said 

The states include Lagos, Ondo, Kano Adamawa, Rivers, Akwa-Ibom, Cross-River, Imo, Enugu, Ogun, Osun, Oyo, Ekiti, Abia and Rivers.

Others are Borno, Bauchi, Taraba,Kebi, Jigawa , Bayelsa, all in the North East, North West and South- South region.

In a statement, Yusuf said that there may be possible flooding in some states that have experienced high amount of rainfall in July and August this year.

According to him, NiMet has listed states that are prone to  flooding greatly in  September, with a view to warn Nigerians on the dangers of such environmental hazards.

It said:”Based on the rainfall distribution and rainfall amounts recorded in the country during the month of August, 2022, the Nigerian Meteorological Agency, NiMet, has warned of possible flooding in some states that have experienced high amount of rainfall in July and August this year. The saturated state of the soil moisture across the country in the month of July and heavy rainfall recorded in August may put most places to experience varying degrees of flooding activities ranging from high, medium, low and flash flood for the month of September.

It further revealed that “Sokoto, Zamfara, Kaduna, Jigawa, Bauchi, Kano, Borno, Gombe and Nasarawa states recorded over 300mm, which represent over 40% of Long – term Normal of those places in one month.

Places around the southwestern part of the country however recorded less than 200mm as a result of the long dry spell associated with August Break over those areas”.

Comments

Post a Comment

Popular posts from this blog

Manufacturers Are Key To Nigeria's Economic Growth

By Favour Ifeoluwa & Akinola Ajibade  The Nigerian Economic Summit Group (NESG) says revitalisation of the manufacturing sector is key to the growth of the econnmy.  The group expressed this at a pre-summit webinar ahead of the 30th Nigerian Economic Summit, focusing on the theme:“Reversing the Decline: Strategies for Stabilising Nigeria’s Manufacturing Sector.” The event brought key stakeholders together to discuss on how to prevent decline in the manufacturing industry, by examining how current economic reforms impact the sector’s operations. Speaking,Dr. Muda Yusuf, Thematic Lead of the Manufacturing Group, Mr Musa Yusuf, who  represented Engr. Mansur Ahmed, Private Sector Co-Chair of the Manufacturing and Mining Policy Commission (MMPC) Steering Committee, highlighted the significant role of the manufacturing sector in Nigeria’s development. According to him,despite its potential, the manufacturing sector faces numerous challenges such as inadequate in...
Post a Comment
Read more

NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further s...
Post a Comment
Read more

Transcorp Appoints Christopher EzeafulukweAs Non-Executive Director

Favour Ifeoluwa & Akinola Ajibade  Transcorp Power Plc has strengthed its board with the appointment of Christopher Ezeafulukwe as a Non-Executive Director. This marked a significant change to its Board of Directors. The appointment, approved by the Nigerian Electricity Regulatory Commission, brings a wealth of experience and leadership to the company. Ezeafulukwe, a highly accomplished professional, has over 20 years of executive management experience across multiple sectors, including power, oil and gas, financial services, legal services, and corporate governance. His current role as Managing Director/CEO of Transcorp Energy Limited demonstrates his expertise in the energy sector. Prior to his current position, Ezeafulukwe held leadership roles at Abuja Electricity Distribution Plc and Transcorp Power Limited (now Transcorp Power Plc). He also served as Executive Director, Legal and Business Development, at Transnational Corporation Plc, showcasing his versatilit...
Post a Comment
Read more