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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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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour


By Favour Ifeoluwa & Akinola Ajibade 


The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain. 

He spoke during the maiden edition of Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally.

He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy and renewed commitment among stakeholders".

According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in the industry. Bounour further said that Egbin's comprehensive approach to sustainability includes asset management, energy efficiency improvement, sustainability and environmental impact management, and fugitive emissions minimization. T

These programmes, he said, are strategically designed to effectively address carbon emissions and promote cleaner energy initiatives.

 According to him, Egbin Power drives sustainability through afforestation, adoption and enforcement of ANSI Lighting Design Standards for the Egbin built environment, a gradual switch from Internal Combustion Engines (ICEs) to Compressed Natural Gas (CNG) and the integration of Electric Vehicles (EVs) into the company's operations, among other interventions.

 

“These actions demonstrate Egbin Power's commitment to thinking globally and acting locally, ensuring that deliberate and impactful steps are taken to promote sustainability and environmental consciousness actively.

 As a responsible organization, Egbin Power is steadfast in its commitment to promoting sustainability. Our roadmap and initiatives are designed to align with global sustainable development goals and to ensure that we contribute to a cleaner and more sustainable energy landscape in Africa.

“Our pragmatic initiatives which include obsolescence management, asset upgrades and overhauls, energy efficiency improvement, sustainability and environmental impact management, and fugitive emissions minimization as part of programs designed to address carbon emissions. We are committed to treating the environment with the utmost care, knowing well that every activity we engage in - either as an individual or collectively as an organization - has an impact on the ecosystem,” Bounour explained.

At the event, which has the theme: ‘Carbon Footprint and the African Narrative’ are speakers from the energy sector. They include Head, Downstream Africa, Sahara Group, Foluso Sobanjo; Professor of Entrepreneurship Hub & Strategic Management, University of Lagos, Prof. Sunday Adebisi; Chief Commercial Officer, Ikeja Electric, Ogochukwu Onyelucheya; CEO Newstide Publications Limited, Dr. Marcel Mbamalu; Regional Director, West Africa, Ford Foundation, Chichi Aniagolu-Okoye among others.


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