Eni’s Oando sale runs into headwinds
NNPC “reserves its rights” over the breach. Failure to obtain approval allows NNPC E&P Ltd (NEPL) to “invalidate the purported assignment” to Oando.
Oando
Eni sells down Nigerian onshore to local player
These four OMLs attributed 24,000 barrels of oil equivalent per day to Eni net in 2022.
Oando finally audits 2020 results, sees theft spike in 2021
In August 2021, it managed to reach a deal where it would help loan money to Whitmore Asset Management, linked to its CEO Tinubu, to pay out $550mn to Gabriele Volpi’s Ansbury Investments. Oando borrowed the cash from Afreximbank and advanced this to Whitmore.
Blackford Dolphin to stay in Nigeria past 2024
Dolphin Drilling said the minimum term contract carried an effective dayrate of $325,000 including mobilisation.
NNPC buys “very profitable” fuel business from Vitol, Helios
Nigerian National Petroleum Corp. (NNPC) has bought OVH Energy Marketing, owner and operator of Oando-branded retail stations.
NNPC blames Litasco cargoes for fuel woes
Nigerian National Petroleum Corp. (NNPC) has named and shamed importers for bringing in sub-standard fuel products.
Oando settles long-running dispute with Nigerian regulator
Oando has reached a settlement with the local Securities and Exchange Commission, bringing to an end a long-running dispute.
Fire strikes Oando tank farm in Lagos
Fire has engulfed a tank farm owned by Oando, the Lagos State Emergency Management Agency (Lasema) has reported.
NNPC denies $1.5bn inflation for AKK link
Nigerian National Petroleum Corp. (NNPC) has denied allegations that the price of the Ajaokuta-Kaduna-Kano (AKK) gas link was inflated by $1.527 billion.
Nigeria feels the pinch
Nigeria is under particular strain as a result of the low oil price crisis, industry participants said during a webinar, demonstrated by a government decision to plan for $20 per barrel oil.
Eni burnishes credentials with Obiafu 41 start
Eni has begun producing gas and condensate from its Obiafu 41 find, with output going to the domestic power market.