Two indigenous firms based in Port Harcourt, ELC Oil and Gas Services and Chiefest Nigeria Limited, have threatened to stage a large-scale protest over the alleged nonpayment of more than ₦1 billion for contracts executed in 2024. The companies lamented that the prolonged delay in payment has taken a severe toll on their operations and [&helli...
Residents of Omoku in Rivers State face a return to paid electricity supply after Oando Energy Resources Nigeria Limited (OERNL) formally ended decades of free power provided under a legacy agreement by the Nigerian Agip Oil Company (NAOC). In a letter dated October 30, 2025, Oando informed the Omoku City Council of Traditional Rulers and [&he...
Oando Plc, yesterday, announced an increase in its Reserve Based Lending (RBL2) facility to $375 million. A reserve-based lending facility is a type of loan commonly used in the oil and gas industry, where the amount a company can borrow is determined primarily by the value of its proven oil and gas reserves. Financing arrangements […]
•Oil spill Oando Plc has disclosed that it has recorded four operational oil spill incidents between October 2024 and the present date. The company also confirmed the completion of repair works on oil spill incidents that occurred along the Nigerian National Petroleum Corporation Exploration and Production Ltd (NNPC E&P)/Oando pipeline in ...
Oil producer Oando Plc said three sabotage attacks had targeted its pipelines in the oil-rich Bayelsa State over the past week. In a statement as reported by Reuters, Oando, which now owns Eni’s former unit Nigerian Agip Oil Co, said late yesterday, said the incidents involved the 18-inch Tepidaba-Brass crude oil pipeline in the Brass [&hellip...
Nigerian oil company, Oando Plc, has been shortlisted by the Trinidadian government as one of three final contenders to take over the country’s state-owned refinery, Petrotrin. The defunct company is a state-owned oil company in Trinidad and Tobago, reports The PUNCH. The Trinidadian Finance Minister, Colm Imbert, disclosed this during a prese...
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