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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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Shell confirms oil spills in Rivers community


By Favour Ajibade



Shell Petroleum Development Company (SPDC) has recorded another oil spills and fire at its site in Ebubu community in Eleme Local Government Area of Rivers State.

According to reports from the locals, the spills which became noticeable three days ago caught fire before the evening of Saturday ( two days ago from today Monday) .

Though Staffs of SPDCN arrived the site  afternoon, with a view  to put out the fire and contain the spillage, the cause of the incident is yet to be known as at the time of filling this report, alhough locals suspect equipment failure.

A Non Governmental Organization( NGO)-, known as  Youths and Environmental Advocacy Centre, YEAC-Nigeria’s Crude Oil Spill Alert System who raised the alarm over the new oil spills, said the spill point was yet to be clamped as at the time of filing this report, as Shell workers were taking steps to put out the fire before moving into the spill point.

Speaking on the issue, the Executive Director, YEAC- Nigeria, Mr. Fyneface Dumnamene Fyneface,  said the Centre would release more details about this new oil spills in Ebubu Community soon.

Fyneface recalled that Ebubu Community was in court with Shell till 2021 when the Dutch company paid about $111million (N45.9billion) in compensation for an oil spill which occurred on the same Shell’s facility in the late 1960s during the Nigeria’s civil war between 1967-1970.

Meanwhile, the Shell Petroleum Development Company of Nigeria Limited has confirmed the fresh oil spills from the Ebubu and Oghale Manifold 12” pipeline in Rivers State.

Its spokesman, Mr Michael Adande, said the company was working with industry regulators to contain the spills, while awaiting a JOB to ascertain the cause and impact of the spills.

“The Shell Petroleum Development Company of Nigeria Limited (SPDC) confirms an incident on the Ebubu and Oghale Manifold 12” pipeline in Rivers State. We are working with industry regulators to safely contain the discharge which is on our right of way while we await the government-led joint investigation team into the cause and impact by.”

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