13 Nigerian Banks Support Oando’s Growth Aspirations
- Complete N60billion facility
Oando PLC, Nigeria’s largest indigenous energy group, is pleased to announce that it has concluded and drawn down on a N60 billion facility provided by thirteen leading financial institutions in Nigeria. more...
Oando Marketing set to thrill customers with ‘Nigeria at 50’ Oando Promo
- Celebrates Nigeria’s independence with its Nigeria @ 50 Oleum Promo
- Set to give out 3 Toyota Corolla cars amongst others
Oando Marketing Limited (OML), Nigeria’s foremost oil marketing retailer with the largest petroleum distribution network nationwide, has concluded activities to officially launch its retail promo tagged ‘Nigeria @ 50 Oando Promo’. more...
Wale Tinubu Wins Africa’s ‘Business Leader of the Year’
The Group Chief Executive of Oando PLC, Mr. Wale Tinubu, has been awarded the prestigious ‘Business Leader of the Year 2010’ in this year’s edition of the African Business awards, an award organized by the African Business Magazine and the Commonwealth Business Council in a ceremony held at the Grosvenor House Hotel in London on Monday, 21st June. more...
Oando’s Deep-Offshore Acquisition awarded ‘Best Oil & Gas Deal in Africa’
Oando PLC’s acquisition of a 15% stake in two Agip deep offshore blocks, OML 125 and OML 134, has been awarded the ‘Best oil and gas deal in Africa’ by the EMEAFinance, at its annual Project Finance Awards held at the Hilton Tower Bridge Hotel, London on Wednesday 9 June 2010. more...
Oando Marketing Boosts LPG Utilisation Nationwide
Oando Marketing Limited (OML), a subsidiary of Oando PLC and Nigeria’s foremost oil marketing retailer with the largest petroleum distribution network of over 500 service stations nationwide, has introduced initiatives aimed at boosting utilisation of Liquefied Petroleum Gas (LPG) nationwide. more...
Oando Employees Donate 14,000 books to Students
Oando PLC, one of Nigeria’s largest indigenous energy Groups today announced that in commemoration of the 2010 Children’s Day celebration and in line with its corporate social responsibility, employees of the company have donated over 14,000 books for use by students under its Adopt-A-School programme. more...
Gaslink Connects Chi as100th Customer
Targets over 2000 customers
Gaslink Nigeria Limited, developer of Nigeria’s foremost natural gas distribution network and a subsidiary of Oando PLC, announced that it has connected the facilities of Chi Limited to its gas pipeline grid. Chi Limited, reputed for the Chivita brand, will use the supplied natural gas in its processing facilities and as fuel for the 14.5 megawatts power generating platform. more...
Oando Plc announces First Quarter 2010 Results
Pre-Tax Profit doubles as Upstream and Midstream expansion strategy drive stronger earnings
Oando PLC (“Oando”, the “Group”), Nigeria's largest indigenous energy Group, which has its primary listing on the Nigeria Stock Exchange and a secondary listing on the Johannesburg Stock Exchange( South Africa) today announced its unaudited results for the first quarter ended 31 March 2010. .more...
Oando Marketing Unveils its New Autocare Centres
Oando Marketing Limited (OML), a subsidiary of Oando PLC and Nigeria’s foremost oil marketing retailer with the largest petroleum distribution platform of over 600 service stations nationwide, has announced the launch of its quick car service franchise called ‘Oando Autocare’.more...
Oando N21Billion Rights Issue 128% Subscribed
Oando PLC, one of Nigeria’s leading energy groups, which has a primary listing on the Nigerian Stock Exchange and a secondary listing on the Johannesburg Stock Exchange, has announced the results of its recent Rights Issue. The issue which opened on January 25 and closed on February 19 and was expected to raise 21 billion Naira, returned 128% subscribed.more...
Oando Grows 2009 Profit After Tax by 21%
- Declares 1 for 2 Bonus to all shareholders
Oando PLC, one of Nigeria’s largest indigenous energy groups, today announced a N13.5 billion gross profit for the year ending 31 December 2009, representing a 26% increase from N10.7 billion over the same period in 2008. Profit After Tax also grew by 21% to N10.1billion from N8.3 billion in 2008. more...
Oando Reports Full Year Profit After Tax of US$74.92 Million
- Declares 1 for 2 Bonus to all shareholders
Oando PLC, one of Nigeria’s largest indigenous energy groups with a primary listing on the Nigerian Stock Exchange and a secondary listing on the JSE Limited, announces an after tax profit of US$74.92 million for the financial year ended 31 December, 2009, marginally up on the previous year’s figure of $74.58 million. Earnings per share came in at US8.39 cents compared to US8.24 cents in 2008.. more...
NSE lifts Technical Suspension on Oando Shares
Oando PLC announces that the Nigerian Stock Exchange (NSE) has lifted the technical suspension placed on its shares on Wednesday October 21, 2009 and normal trading activity on the stock has resumed. more..
Oando Launches First Independent Power Plant
- IPP to Boost Water Provision in Lagos
- To save Lagos State $3.9m Annually on Energy Cost
Oando PLC, Nigerias largest indigenous energy group, announced that it has commissioned its first Independent Power Plant (IPP), Akute Power to supply stable electricity to the Lagos Water Corporation (LWC). The 12.15 megawatt plant will power LWCs main water intake facility, including two other facilities with a combined installed capacity of 125 million gallons of water per day. more...
Oando Thrills Shareholders with N20bn Right Issues
Oando PLC, Nigeria’s leading indigenous integrated energy solutions provider, today 25 January, 2010 opened the acceptance list for a Rights Issue offer of 301,694,876 Ordinary Shares of 50 kobo each at N70.00 per Share on the basis of one (1) new ordinary share for every three (3) ordinary shares of 50 kobo each held. more...
Oando RECORDS 19% PROFIT AFTER TAX IN Q3 2009
Oando PLC, Nigeria's leading integrated energy provider, announces 19% Profit After Tax (PAT) for the quarter ended 30 September, 2009. The company posted N6.64 billion in net profit compared with N5.56 billion the same period the year prior.more... Oando to upgrade LPG Terminal to Nigeria's Most Modern, Awards contract for Front End Engineering Design
Oando PLC, Nigeria's leading integrated energy solutions provider, has announced that it has concluded plans to upgrade its Liquefied Petroleum Gas (LPG) terminal at Apapa, Lagos, to a 7,600 MT capacity ultra-modern terminal.
more... Oando Signs MOU with Gazprom
Oando PLC, Nigeria's leading integrated energy solutions provider announced the signing of a Memorandum of Understanding (MOU) with Russia's energy giant, Gazprom to jointly develop projects in multiple sectors of Nigeria's oil and gas industry. Under the MOU, Oando and Gazprom have agreed to collaborate in the development of oil & gas assets and infrastructure in the West African sub region and the Gulf of Guinea.
more... Oando and Exile Resources Granted Approval on Akepo Oilfield, Commissions Noble Rig to Drill
Oando Exploration and Production Limited (OEPL) announced that it has received approval from the Nigerian Ministry of Petroleum Resources for Exile Resources' farm out ("Agreement"), previously announced on January 5th, 2009, whereby OEPL can acquire a 75% working interest in Exile's 40% interest in the Akepo field (OML 90) in return for funding Exile's previous costs, and financing the future development of the project. more...
Oando Marketing floods market with kerosene
In a swift move to alleviate the hardship created by the acute shortage of kerosene in the nation, Oando Marketing Limited (OML), Nigeria's foremost oil marketing retailer, today 1st October, 2009 commenced massive distribution of kerosene (HHK) to its petrol stations nationwide with a directive to its dealers to sell at N50 per litre. more... Ghana selects Oando for $1bn Natural Gas Project
Oando, Nigeria's leading integrated energy solutions provider announces that it has been selected as a Strategic Partner to the Ghana National Petroleum Corporation (GNPC) to develop assets and infrastructure to harness the gas that will be produced from the offshore Jubilee oilfield more... Oando Marketing Pioneers Electronic Payment System
Oando Marketing Limited (OML), Nigeria's foremost oil marketing retailer and subsidiary of Oando PLC has announced plans to pioneer on 1st October, 2009, a new electronic payment solution called "PAYDirect" for Dealers of its over 500 retail service stations nationwide. This service will be powered by InterSwitch. more... RE: CENTRAL BANK OF NIGERIA ADVERTORIAL.
Our attention has been drawn to the Advertorial published by the Central Bank of Nigeria (CBN) in national daily newspapers, on Wednesday the 19th day of August 2009. more... Oando lifts 730,000 barrels Crude Oil from the Abo Fields.
Oando, Nigeria's first indigenous participant in a producing deep offshore oil block, has commenced the monetisation of its investment in its recently acquired 15% stake in AGIP's OML 125. more... Oando Posts N3.8bn Interim Profit.
Oando PLC, Nigeria’s leading integrated energy solutions provider, today announced a N3.8bn profit for the six-month period ending 30 June 2009, representing a 4% increase over the same period in 2008. Against the background of the global economic downturn, the profit underlines Oando’s resilience, and vindicates its diversification and growth strategy. more... Oando set to excite investors with N200 billion capital boost.
Shareholders of Oando PLC, Nigeria's leading integrated energy group, yesterday unanimously endorsed the Company's proposed N200 billion additional capital raising. The resolution, passed at the company's annual general meeting (AGM) on 30th July, 2009, is the first step in strengthening Oando's capital base to support continued business growth. more... Oando acquires two rigs from Shell.
Oando Energy Services, a subsidiary of Oando PLC - Nigeria's leading integrated energy solutions provider, has emerged Nigeria's largest indigenous drilling contractor with Oando's acquisition of two inland barge rigs from Shell Petroleum Development Company of Nigeria Limited (SPDC) for an estimated USD 43.5 million inclusive of VAT. more... Oando delivers N77.5bn turnover in 2009 First Quarter Results.
Oando PLC, Nigeria's integrated energy solutions provider with operations across West Africa, today announced unaudited results of N77.5 billion in turnover for the first quarter ended 31 March 2009. This represents a 12% increase from N69.4 billion same period in 2008. more... Oando Delivers 52% Increase in Profit After Tax
Oando PLC, Nigeria's leading indigenous integrated energy provider, today announced its audited reports for the financial year ended 31st December 2008 with a 52% increase in the Group's net profit. This grew from N5.48 billion in 2007 to N8.34 billion in 2008. This remarkable result is attributable to the company's improved operational efficiency and increased trade volumes. more Oando Marketing Installs first-of-its kind LPG dispensing Pumps at service stations, Signs LPG Operating Agreement with BannerGas.
Oando Marketing Limited, the leading oil marketing retailer in Nigeria and a subsidiary of Nigeria's Energy giant Oando PLC, has recorded a landmark achievement in the Oil and Gas industry with the signing of an operating agreement with BannerGas, an engineering, construction and maintenance company with expertise in gas storage facilities on 3rd June, 2009 for the installation of Liquefied Petroleum Gas (LPG) filling plants at Oando service stations nationwide. more SON Awards Oando Gas & Power ISO 9001: 2000 Certification
Oando Gas & Power, pioneer of natural gas piping and distribution to industrial end-users and a subsidiary of Oando PLC announced that it had received the endorsement of the International Standard Organization (ISO) for its world class operations and service delivery with the award of the prestigious ISO 9001:2000 certification. more... Oando wins $150 million Agip drilling contract
Oando Energy Services Ltd. (OESL), Nigeria's foremost indigenous oilfield services company, today announced the signing of a $150 million two-year drilling contract with Nigerian Agip Oil Company (NAOC) for its oilfields in the Niger Delta swamps. more Oando completes "Detailed Bankable Feasibility" on its Oil Refinery
Oando PLC, Nigeria's leading integrated energy group, has taken a bold step in its commitment to end Nigeria's petroleum products supply shortages, with the completion of a comprehensive 4-month bankable feasibility study for an ultra-modern 240,000* barrels per day (bpd) Greenfield refinery in Lekki Free Trade Zone, Lagos. This is the first phase in the development of a 360,000 barrels bpd capacity refinery project. more... Oando Commences Work on 210,000 MT Lekki Terminal Project
As part of its strategy to ensure optimal value extraction across its diversified investments along the energy value chain, Oando PLC, Nigeria's leading integrated energy solutions provider, has flagged off the development of an ultramodern refined petroleum products import Terminal, at the Lagos State Lekki Free Trade Zone (LFTZ). more... OML Partners FRSC on Safety Awareness for Motorbike Operators
Oando Marketing Limited (OML), Nigeria's leading oil retailer and a subsidiary of Oando PLC, Nigeria's leading integrated energy provider, in its bid to encourage safety consciousness by motorbike operators in Lagos popularly referred to as 'okada riders' has partnered with Federal Road Safety Commission (FRSC) in organizing a 3 day safety awareness campaign from Thursday, March 26th to Monday, March 30th. more... Oando gets Akwa Ibom Right of Way for South East gas pipeline project, on track for year end completion deadline
As a boost to its plan of extending natural gas infrastructure beyond Lagos to other parts of Nigeria, Oando Gas and Power has secured the Right of Way (ROW) approval from the Akwa Ibom State Government for the construction of its 128km South East gas pipeline project from Ukanafun in the state to Mfamosing, Cross Rivers State. The ROW within the Akwa Ibom state boundary is approximately 80km out of the total 128km for the project. more... Oando sponsors UN Global Compact anti-corruption workshop in Nigeria
In line with its strict adherence to the principles of ethical business practice in all its businesses, Oando PLC has shown commitment to the United Nations' Global Compact (UNGC) initiative by joining other corporate organisations in gold sponsoring the body's regional workshop in Nigeria. . more... Oando Marketing Donates to 46 Charity Homes Nationwide
In demonstration of its commitment and support to the welfare of her host communities and Nigeria at large, Oando Marketing Limited, the leading oil marketing retailer in Nigeria and subsidiary of Nigeria's Energy giant, Oando PLC, brought smiles to the faces of residents of 46 charity homes in various locations of the federation for the year 2008. more...
FMOE Panel Reviews Akute Power EIA Report
- Lagos Water Corporation Power Project on track for completion
Oando Gas & Power subsidiary, Akute Power Limited, participated in the Panel Review Meeting on the Environmental Impact Assessment (EIA) of Akute Power's 12 MW Engine Power Plant and 13 km pipeline project of the Lagos State Water Corporation. The hearing took place on February 13, 2009 at the Airport Hotel Ikeja. more...
Oando acquires USD 53.5 million Oil rig
- First of its kind in Nigeria
- Fleet of state-of-the-art rigs now three
Oando, Nigeria's leading integrated energy solutions provider, has just taken delivery of an additional rig named the "Constitution" purchased in July 2008 at a cost of USD $53.5 million. This brings to three the number of rigs in the company's fleet, underpinning its commitment to providing world-class oil field services in the Gulf of Guinea. more...
Oando Donates Ethanol Testing Equipment to FG
Oando PLC, Nigeria's leading integrated energy group, in its bid to help the nation ensure that only the right petroleum products are sold in the country, has donated a state of the art ethanol testing equipment, known as the 'Varian CP-3800 GC' to the Department of Petroleum Resources (DPR). The equipment was presented on behalf of Oando by Mrs Lara Banjoko, Chief Operating Officer, Oando Marketing, and Dr. Chris Onuoha, Group Head, Environment, Health, Safety, Security and Quality, (EHSSQ) Oando PLC at the DPR head office in Lagos on 18th December, 2008. more... Oando completes acquisition for 15% stake in Agip's Deepwater Blocks.
- Makes total payment of USD197 million
- Makes history with first indigenous, deepwater producing participation
Oando PLC, Nigeria's leading integrated energy solutions provider, has announced the payment of USD$197 million to Agip for a 15% stake in two oil blocks - OML-125 and OML-134, making Oando the first indigenous participant company in a producing deep offshore oil block. more...
Oando Boost Upstream Assets:...acquires Exile Resources' interest in the Akepo Field
Oando Exploration and Production Limited (OEPL), the upstream arm of Oando PLC, Nigeria's leading integrated energy solutions provider, has announced the acquisition of 75% interest in Exiles Resources' 40% working interest in the Akepo Field through the signing of a Financial and Technical Services Agreement on 23 October, 2008.
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Gaslink Connects BUA Facilities to Gas Grid...Grows Customers Base to 81
Gaslink Nigeria Limited, a subsidiary of Oando Gas and Power has connected BUA Sugar Refinery facilities to its gas pipeline grid for its electricity needs. This connection brings to 81 the number of Gaslink industrial customers now connected the gas grid.
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Oando/LWC Takes Delivery of Equipment for Power Project:...IPP to guarantee steady water supply in Lagos
Pursuant to the commitment of ensuring steady supply of potable water in Lagos State, Oando Gas and Power, a subsidiary of Oando PLC, in Public Private Partnership (PPP) with more...
Oando wins 2008 NSE Award
Oando PLC was recently awarded the Nigerian Stock Exchange (NSE) Presidential Merit Award for the Best Quoted Company in the Downstream Petroleum Marketing Sector. more...
Oando Marketing Partners Intercontinental Bank on ATM Deployments
Oando Marketing Limited, Nigeria's leading retailer of petroleum product with over 500 retail outlets in strategic locations across Nigeria and a subsidiary of Oando PLC, the leading integrated energy solutions provider in Nigeria, in its commitment to provide a superior customer service experience at its service stations signed a strategic partnership with Intercontinental Bank on Wednesday, 5th November, 2008. more...
OANDO delivers 63% year-on-year profit growth
Oando plc, the integrated energy solutions provider with operations across West Africa, today announced unaudited results for the nine months ended 30 September 2008. Oando has a primary listing on the Nigerian Stock Exchange and a secondary listing on the JSE Limited (JSE).more...
Oando Marketing Launches Oleum Lubricants in Ghana
Oando Marketing Limited, Nigeria's leading retailer of petroleum products and a subsidiary of Nigeria's leading integrated energy solutions provider, Oando PLC in line with its West African expansion strategy on Wednesday, 22nd October, 2008 launched Oleum range of lubricants (engine oil), in Accra, the Ghanaian capital city and commercial nerve centre... more...
Oando wins international upstream Award
Oando Exploration and Production (OEPL), a subsidiary of Oando PLC, has been awarded the most outstanding independent energy company at the just concluded 15th Africa Upstream conference in Cape Town, South Africa, on Thursday, October 2, 2008. more... |
