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

Fashola-Abiru: Complete Sagamu-Ikorodu and Itokin Roads in 2023

Abiru 

The Chairman, Senate Committee on Industries, Mr Mukhail Adetokunbo Abiru has gotten the nod  of the Federal Government to complete 30-km Ikorodu Sagamu  and also embark on the rehabilitation of 32-km Itokin Roads in 2023
He obtained the approval yesterday ( Wednesday) during a courtesy visit to the Minister of Works and Housing, Mr Babatunde Raji Fashola in his  office in Mabushi, Abuja. 

Abiru, who represents the Lagos East Senatorial Districts at the Red Chamber, also leverage on the visit to appreciate the efforts of the Minister on the two critical Federal roads, which he started on assumption of office as a senator two years ago.
The roads are Ikorodu- Itoikin and Ikorodu/ Sagamu.

The Senator further seized the visit to extend the gratitudes of his constituents to the minister for his great support to the  projects.

On his  part, Fashola informed the senator that the Federal Executive Council (FEC) has approved complete rehabilitation of the Ikorodu-Itoikin Road in January next year.

Meanwhile, critical sections of the 30-Km Ikorodu/Sagamu road, from; Sabo,Okegbegun, First Gate, Odogunyan, Ita-Oluwo, Ogijo, Gbaga, Sotubo, Mosimmi to Gbara Village have been fixed, remaining less than 8 Kilometre to get to Sagamu. 

The Minister assured Senator Abiru that the road would be completed  before the administration of 
President Muhammadu Buhari ends in 2023.
Recall that these achievements were made possible through a motion moved by Senator Abiru sometimes ago. 
The motion titled: Urgent need for the rehabilitation of the Ikorodu-Sagamu And Ikorodu-Itoikin- Epe Roads To Further Bridge The Infrastructure Gap And Enhance Economic Growth In Nigeria” in April 2021, highlighted the importance of the two roads to the nation’s economic growth, which  serve as access points from other parts of the country: Ogun, Edo, Northern states and routes to New Lekki- Ibeju corridor where Dangote Refinery and 
 Lagos Deep Seaport and Free Trade Zone among others, are situated.




 

Comments

Post a Comment

Popular posts from this blog

ICPC Will Not Hesitate to Deal Oil Racketeers

By Favour & Akinola Ajibade Oil racketeers will henceforth face prosecution and subsequently sentenced to prison, in the event that the decision of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) stands by its decision to completely eradicate such activities in the country.  This happens as ICPC  secured a seven year conviction for  two fraudsters, Aso Adasa Morrison and Frank Biobarakuma recently.  The body in a statement signed by its spokesperson, Mrs. Azuka Ogugua and made available to the media, said the two suspects were first arraigned sometime in March 2013 before Hon. Justice B. A. Georgewill of Rivers State High Court 16 on a 17-count charge bordering on conspiracy, forgery and obtaining false pretence regarding transactions in crude oil in Nigeria  She said the court was informed of how the convicts and others at large between the month of March 2012 and February 2013 in Port Harcourt, fraudulently obtain...
Post a Comment
Read more

Tinubu Swears - In Idris, Umahi, Wike, Festus, Edun, 40 Others As Ministers

By Favour & Akinola Ajibade  President Bola Ahmed Tinubu, yesterday (Monday 21) sworn - in 45 ministers at Aso Rock Villa, saying they are welcome to the administration of renewed hope.  In his address, the President said the ministers  were carefully selected for the job, adding that their track records were good and excellent for the tasks assigned to them.  He admonished them not to see themselves as ethnic or tribal ministers but ” ministers of the Republic of Nigeria”. He challenged the appointees to hit the ground running from the moment they were sworn in. The ceremony that lasted two and half hours was anchored by the Special Adviser to Tinubu on Media and Publicity, Aguri Ngelale, by first reading the citation of the Ministers, followed by oath-taking , appended their signature on a register, proceeded for Presidential handshakes and picture with Mr President.
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