MEDIA

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 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, 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 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 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 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 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, 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...

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...

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...

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, 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 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...

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 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 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 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 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...

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 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 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...

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...

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...

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...

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...

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...

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, 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.

The three rigs are for swamp operations and have the following specifications:

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...

Shell’s stake in OMLs 125 & 134

On 25th February 2008 we advised that we have entered into a sale and purchase agreement to acquire Shell’s Nigeria Exploration and Production’s 49.8% stake..More...

Oando successfully implements Oracle ERP System dubbed “Project Synergy”
In recognition of its mission of being the premier company driven by excellence, Oando PLC, has successfully implemented on a full scale the Oracle Enterprise Resource Planning (ERP) system... More...

Contaminated Fuel: Oando to sue Manufacturer.
6th� March 2008
In the bid to ensuring that the suppliers of the product are held responsible for all actions for which they are culpable, Oando has commenced necessary legal action against the company. More...

Oando acquires two Nigerian oil mining leases from Shell for USD$625 million
Oando PLC has acquired Shell Nigeria Exploration and Production’s 49.8% stake in two oil Blocks, namely OML 125 and OML 134. The two deepwater blocks offshore Nigeria were won by Oando in an international competitive bidding process. more...

Oando Acquires Two Swamp Rigs For N11.7 Billion
7th February 2008
Oando Energy Services, a leading integrated oilfield services company that provides products and services to major upstream companies operating in Nigeria and a subsidiary of Oando PLC, has acquired two swamp rigs for upstream operations in the Niger-Delta area, as the company seeks to expand its service offerings to operating companies in Nigeria. more...

East Horizon Gas Company Holds EIA Open Forum in Uyo, Calabar on Gas Pipeline Project to UNICEM Factory
25th January 2008
East Horizon Gas Company, a subsidiary of Oando Gas & Power in conjunction with Nigeria Gas Company, (NGC) and Department of Petroleum Resources (DPR) recently conducted an Environmental Impact Assessment (EIA) Open Forum as part of its statutory requirements for the granting of an Oil Pipeline License (OPL) for a gas pipeline. more...

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