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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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Energy Correspondents Mourns Ibiyemi


 

The Association of Energy Correspondents of Nigeria, NAEC mourns the death of its prominent member and the publisher of Nigerian NewsDirect, Dr. Samuel Ibiyemi

In a statement signed by the Association Chairman, Mr Olu Phillips, described his paasage as a great loss to the Energy sector, media, and Nigeria.

According to Mr Phillips, the Nigerian energy industry and the media would miss his in-depth and balanced reporting of the energy sector.

“The measures he brought to in-depth and balancing reporting of energy sector and newspaper publishing is quite remarkable,” he added.

The NAEC Chairman also commiserated with the entire family of Ibiyemi, and urged them to see his passage as the will of God, adding that they should take solace in God for a quality life spent by the deceased.

He said: “On behalf of the entire leadership and members of NAEC, I mourn the passage of a proud NAEC, Dr Sam Ibiyemi. His death was a great loss to us all

“Dr Sam Ibiyemi was a man who gave life the best shot during his active days, and while he was hospitailed. He Lifted himself through hard work, unusual courage, extreme doggedness and commitment. He was a lesson to those that dared to dream and succeed.

He was a good ambassador of NAEC at every level and he contributed his quota to the growth and development of energy reporting in Nigeria.

His son, Wale Ibiyemi confirmed the death of his father to the leadership of NAEC on Tuesday.

He noted that his father died after a long battle with PULMONARY EMBOLISM (Blood clots) at Babcock Teaching Hospital,Ilisan, Ogun state.

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