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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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Nigerians Face BlackOut, As Labour Union Shut Down National Grid




National Grid

By Favour Ifeoluwa & Akinola Ajibade

Over 200 million Nigerians are facing blackout as the Labour Union shut down the national grid, a development, which resulted in absence of electricity in many homes and companies in the country.
The Transmission Company of Nigeria ( TCN) in a statement by its General Manager, Public Affairs, Mrs Ndidi Mbah and made available to the News Mirror, said that the grid was shut down around 
 in the early hours of today, Monday, June 3rd.
According to her, the Benin Transmission Operator under the Independent System Operations unit of TCN reported that all operators were  driven away from the control room and wounded  in the course of forcing them out of the control room.
Other transmission substations, Mbah said,  that were shut down, by the Labour Union include the Ganmo, Benin, Ayede, Olorunsogo, Akangba and Osogbo Transmission Substations.
" Some transmission lines were equally opened due to the ongoing activities of the labour union.
On the power generating side, power generating units from different generating stations were forced to shut down some units of their generating plants, the Jebba Generating Station was forced to shut down one of its generating units while three others in the same substation subsequently shut down on very high frequency. The sudden forced load cuts led to high frequency and system instability, which eventually shut down the national grid at 2:19am" she added.
She stressed that TCN at about 3.23pm, commenced  grid recovery, by using the Shiroro Substation to attempt to feed the transmission lines supplying bulk electricity to the Katampe Transmission Substation. The situation is such that the labour Union is still obstructing grid recovery nationwide.

We will continue to make effort to recover and stabilize the grid to enable the restoration of normal bulk transmission of electricity to distribution load centres nationwide.


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