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Oando grows PAT by 110%, pays N2.4 bn dividend
LAGOS-Oando Plc has declared a dividend of N2.4 billion for its shareholders for the financial year ended December 31, 2014. Announcing this to the shareholders at 37th Annual General Meeting, the...
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Oando Increases Ebendo Production by 400%
…set to Boost Output With Umugini Pipeline Completion By Yemie ADEOYE LAGOS-Oando’s exploration Oando and production division, Oando Energy Resources (OER), has completed the 45,000bbls/d, 51km...
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Oando, NEPN produces first oil on Qua Iboe field
By Kunle Kalejaye OAND Energy Resources, OER and Network Exploration and Production Limited, NEPN has commenced it’s first commercial production of crude oil on it Qua Iboe field reservoir(OML13) at...
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Oando, NEPN produces first oil on Qua Iboe field
By Kunle Kalejaye LAGOS-OANDO Energy Resources, OER and Network Exploration and Production Limited, NEPN has commenced it’s first commercial production of crude oil on it Qua Iboe field...
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Oando’s reserves now worth $1.8b
By Kunle Kalejaye Oanda Energy Resources, OER says the economic value of the company’s Proven and Probable Reserves has increased from $545 million to $1.8 billion OER in statement signed by it’s...
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Oil and Gas Council 2015 honours Tinubu
LAGOS-Oando PLC Group Chief Executive Officer, Wale Tinubu, received the Africa Executive of the Year award at the 3rd edition of the Oil & Gas Council’s 2015 Africa Assembly Award dinner, which...
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Why Oando divested 60% downstream equity for $461m
By Kunle KALEJAYE LAGOS-THERE are indications that Oando Plc, an indigenous energy group operating in Nigeria may have agreed to divest 60 percent equity stake of its downstream business to HV...
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Oando Slashes Upstream Debt
…secures fresh $91M loan By Yemie ADEOYE LAGOS-Oando Energy Resources (OER), the upstream subsidiary of Oando PLC, has announced the repayment of its $100 Million African Export-Import Bank (Afrexim)...
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Oando board approves N80bn Rights Issue
By Yemie ADEOYE LAGOS-THE Board of Directors of Oando Plc has received approval from shareholders for a N80bn Rights Issue. The shareholders also approved the partial divestment of the firm’s...
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