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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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Navy will dea with oil thieves soon

(A) Nigeria's naval ship 


Favour Ajibade

Nigeria's Navy would made any of its officials found engaging in oil bunkering and thefts to face the law of the country, the Chief of Naval Staff  (CNS), Vice Admiral,  Awwal Gambo has said. 
He said that the war against crude oil theft and its allied activities would have succeeded, if not because of the criminal elements in the force, who connived with thieves in the nation's oil industry.
According to him,  navy would not hesitate to deal with members involving in what he describes as criminal offences against the state.

(B) Oil thieves in action

While decorating the newly promoted Vice Admirals in Abuja recently, Gambo urged his colleagues to intensify efforts in order to nip the bad practices in the bud and further saved Nigeria huge amounts of money, which would go a long way in helping the country to move forward.
Continuing further, he said the oil thieves and their collaborators in the navy are connving together in order to sabotage efforts of the Federal Government against illegal bunkering and crude oil theft in the country.
Similarly, the Chief of Defence Staff, General Lucky Irabor, also tasked the Navy on the elimination of crude oil theft in the country.

A total of 30 Commodores were promoted to the rank of Rear Admiral, and each of them was decorated by a member of their family alongside an officer. In the midst of the celebration, the CNS urged them to remain loyal to the President and the country as a whole.


  

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