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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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11,000 Nigerians to Shell: Compensate Us For Spills



By Favour Ajibade

Over 11,000 Nigerians have expressed disapproval over the ways and manners, in which compensation of victims of oil pollution in the Niger Delta region and other issues are been addressed. 
According to them, the issues have been delayed for long,  a development, which informed their decision to file a compensation claim at the London High  Court and to further hold Shell  accountable for its actions of on overseas  subsidiaries.
Before now, the  United Kingdom based  Supreme Court had  allowed a group of 42,500 Nigerian farmers and fishermen  to  sue Shell in the English courts after years of oil spills had contaminated land and groundwater.
In the ruling then, it was established that 
Shell, one of the world’s biggest energy companies, was responsible because it exercised significant control over its Nigeria subsidiary SPDC.
Not done yet, a  UK law firm Leigh Day last Thursday,  filed claims on behalf of 11,317 people and 17 institutions including churches and schools from Ogale community in Niger Delta for compensation for loss of livelihoods and damage against Shell.
Leigh said that the claim from Ogale adds to one brought by members of the Bille community in 2015, a development, which brought the  total number of villagers seeking compensation from Shell to 13,652.
The claims say oil spills resulting from Shell’s operations in the Niger Delta have destroyed farms, contaminated drinking water and harmed acquatic life.
‘The next stage in the case is for a case management hearing to be set in Spring 2023, ahead of the full trial which is likely to occur the following year,’ Leigh Day said in a statement.
A Shell spokesperson said the majority of spills related to the Ogale and Bille claims were caused by illegal third-party interference, including pipeline sabotage but that SPDC would continue cleaning affected areas.
‘We believe litigation does little to address the real problem in the Niger Delta: oil spills due to crude oil theft, illegal refining and sabotage, with which SPDC is constantly faced and which cause the most environmental damage,’ the spokesperson said.
Oil spills, sometimes due to vandalism or corrosion, are common in the Niger Delta, a vast maze of creeks and mangrove swamps criss-crossed by pipelines and blighted by poverty, pollution, oil-fuelled corruption and violence.


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