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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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NLNG- Nigerians: Our Gas Production Plant Is Very Active


By Favour & Akinola Ajibade



The Nigeria Liquefied Natural Gas( NLNG) Limited has dispeled the rumours making rounds that its gas production plant has been shutdown. 
The firm, in statement signed yesterday by its General Manager, External Relations and Sustainable Development, Andy Odeh and made available to the News Mirror, said that the report titled “NLNG prolonged shutdown threatens gas production,” and  published on Thursday August 17th in one of the national newspapers was not true, adding the report was false and misleading. 
NLNG stated further that its  plant on Bonny Island is still active despite a Force Majeure, which still subsists due to the unavailability of upstream gas suppliers’ major liquids evacuation pipelines occasioned by sabotage and vandalism. 
The report: " The plant continues to produce LNG and LPG commensurate to the feed gas it receives from its upstream gas suppliers. Its cargo loading operation also continues without interruption. The latest cargo from the Bonny plant sailed on 17th August 2023 to the St. Croix, U.S. Virgin Islands, carrying 140,000 M3 of LNG. 
 To this end, NLNG remains committed to collaborating with key stakeholders to minimise the impact of the consequent gas supply shortage.
 

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