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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...

Seplat Partners Akwa Ibom State For Development

Seplat Strengthens Partnership With Akwa Ibom State Government  Seplat Energy Plc has expressed its commitment to partner with the Akwa Ibom State Government for suainable development. The company remains Nigeria leading oil and gas firm with listing in Nigeria and South Africa Exchanges. respectfully. Coupled with this is the fact that Seplat sells gas to the domestic market, a development, which enables it contribute substantially to the indigenous gas market. The Company said this during  a visit to the State Governor , His Excellency Pastor Umo Eno. The visit was led by the company's Chairman , Senator Udo Udo The Seplat delegation used the occasion to formally brief the Governor on the recent completion of the acquisition of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited, clarifying that the entity will now be known as Seplat Energy Producing Nigeria Unlimited (SEPNU), retaining all assets and liabilities of the previous company. The Chairman further ...

Lafarge Africa Boost Operations With 155 Trucks

By  Adigun Omodele & Akinola Ajibade Lafarge Africa, a leading innovative and sustainable building solutions company, has reaffirmed its commitment to supporting customer growth and operational excellence through the allocation of 155 trucks aimed at enhancing logistics capabilities.  This initiative underscores Lafarge Africa’s dedication to empowering customers and fostering long-term partnerships built on mutual growth and success. Speaking at the event, Lafarge's Commercial Director, Gbenga Onimowo, Commercial Director described the initiative as transformative for the company and its customers. “Today marks a transformative moment in Lafarge Africa's unwavering commitment to our customers' success. These trucks are more than just vehicles. They  are tools of empowerment designed to enhance supply chain control, strengthen market presence, and unlock new business opportunities. This is not just an investment in logistics; it’s an investment in our shared vision fo...

Reasons Behind Rising Price Of PMS- Dangote

Why the hike in Price of Fuel- Dangote  By Favour Ifeoluwa & Akinola Ajibade  Dangote Refinery says the recent increase in the price of petrol otherwise known as Premium Motor Spirit  (PMS) was as result of  the significant increase in global price of crude oil.T  he company, in a statement signed by its Group Branding and Communication Officer, Anthony Chiejina said that crude oil remains the primary input in the production of PMS and that any fluctuations in its international price will inevitably impact the cost of the finished product. He said: " “We wish to clarify that the recent adjustment in our ex-depot price of Premium Motor Spirit (Petrol) is directly related to the significant increase in global crude oil prices. As crude remains the primary input in the production of PMS, any fluctuation in its international price inevitably impacts the cost of the finished product.”  “At Dangote Petroleum Refinery, we recognise the critical importa...

Lafarge Afric Boosts Operations With 155 Trucks

Lafarge Africa  Boost Operations With 155 Trucks By Adigun Omodele & Akinola Ajibade  Lafarge Africa, a leading innovative and sustainable building solutions company, has reaffirmed its commitment to supporting customer growth  and Operational Excellence by allocating 155 trucks to its drivers. The aim is to encourage its logistics capabilities in the industry. This initiative underscores Lafarge Africa’s dedication to empowering customers and fostering long-term partnerships built on mutual growth and success. Speaking at the event, Lafarge's Commercial Director, Mr Babatunde Onimowo described the initiative as transformative for the company and its customers. Onimowo who was represented by the Firm's Head of Sales Babatunde Odufote said the  scheme is transformative for the organisation and its customers.  “Today marks a transformative moment in Lafarge Africa's unwavering commitment to its  customers' success. These trucks are more than just vehicles...