Tuesday, January 19th, 2010
AS part of its expansion plans, major oil marketing company, Oando Plc, yesterday concluded arrangements to raise additional N20 billion from existing shareholders of the company through Rights Issue.
The offer ...
Wednesday, November 11th, 2009
Nigeria's top fuel retailer and gas distributor Oando Plc plans to list on the London Stock Exchange in early 2010 and use the proceeds to fund its upstream ventures, the ...
Thursday, November 5th, 2009
Oando PLC has concluded plans to upgrade its Liquefied Petroleum Gas (LPG) terminal at Apapa, Lagos, to a 7,600 MT capacity ultra-modern terminal. The company has awarded a Front-End Engineering ...
Monday, November 2nd, 2009
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 ...
Monday, October 5th, 2009
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 ...
Monday, October 5th, 2009
US crude for November slipped $0.37 to $69.58 a barrel by 07.45 GMT. The contract settled down $0.87 at $69.95 a barrel on Friday.
London Brent fell $0.40 to $67.67
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Chinese oil ...
Tuesday, September 15th, 2009
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" ...
Wednesday, August 26th, 2009
Energy firm Oando on Wednesday denied a central bank statement which said it had a 7.1 billion naira ($47 million) non-performing loan with Oceanic Bank. The central bank earlier published ...
Monday, July 27th, 2009
•OES Emerges Nigeria's largest drilling services provider
•Total rigs in fleet now five
•Investment in energy services now $250 million
Oando Energy Services, a subsidiary of Oando PLC - Nigeria's leading integrated energy ...
Friday, June 26th, 2009
To pay a total of N6 Dividend
Oando PLC, Nigeria's leading indigenous integrated energy provider, today announced its audited reports for the financial year ended 31st December 2008 with a ...
Wednesday, June 10th, 2009
)))Abu Dhabi official crude selling price down 52.06%
The official selling price of Abu Dhabi's crude oil grades averaged US$59.49 a barrel in May, down 52.06 per cent from an average ...
Friday, May 29th, 2009
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 ...
Tuesday, May 19th, 2009
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 ...
Tuesday, April 28th, 2009
)))))Oil prices fell below $49 on Tuesday, extending Monday's losses as declines on global stock markets heightened expectations of a further drop in demand for oil products.
US oil futures fell ...
Monday, April 13th, 2009
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 ...
Tuesday, March 31st, 2009
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 ...
Saturday, March 21st, 2009
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 ...
Thursday, March 19th, 2009
World oil prices retreated in Asian trade Wednesday after topping a two-month high above 49 US dollars overnight on concerns over weak global energy demand amid the economic
downturn, analysts said. ...
Monday, March 2nd, 2009
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 ...
Monday, January 12th, 2009
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 ...
Wednesday, January 7th, 2009
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 ...
Saturday, July 26th, 2008
In its drive to further boost its upstream operations and continuously position itself as Nigeria’s integrated energy solutions provider, Oando PLC has announced the appointments of Mr. Tunde Ogunnaike and ...
Friday, July 18th, 2008
Industries on the Tin Can Island, Lagos are now positioned to access natural gas as Gaslink Nigeria Limited - a subsidiary of Oando Gas and Power, Nigeria’s leading energy provider ...
Friday, May 16th, 2008
Q1 2008 highlights compared to 2007
Grows Profit After Tax up by 30%
EBITDA increases from N1.92b to N2.77b
Operating profit increases by 65%
Oando PLC, Nigeria’s leading integrated energy solutions provider, has announced ...
Friday, May 16th, 2008
In a bid to diversify its product line and further consolidate it Non-Fuel Revenue earnings, Oando Marketing, Nigeria’s leading marketer of petroleum products, and a subsidiary of Oando PLC, today ...
Monday, May 12th, 2008
Oando Gas and Power, a subsidiary of Oando PLC, Nigeria’s leading integrated energy group, has won the Gas Corporate Award (Downstream) for 2008 as the Best Gas Company operating in ...
Thursday, April 24th, 2008
Oando Exploration and Production (OEPL), in line with its commitment to fast track the development of its upstream assets, today in Uyo, Akwa Ibom, signed a Global Memorandum of Understanding ...
Friday, April 18th, 2008
2007 Highlights Compared to 2006:
Gross profit grew to N21.4billion from N16.8b
Gross profit margin increased to 11.5% from 9.0%
Operating profit of N8.1 billion in 2007 from N5.3 billion
Profit attributable to shareholders ...
Thursday, March 6th, 2008
Oando imported a cargo of 33, 000 metric tons of gasoline (petrol) from Gunvor International B.V Amsterdam on the 9th of January 2008. The said cargo arrived Nigeria on the ...
Monday, February 25th, 2008
25th February 2008
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 ...
Monday, February 11th, 2008
7th February 2008
OANDO ACQUIRES TWO SWAMP RIGS FOR N11.7 BILLION
Oando Energy Services, a leading integrated oilfield services company that provides products and services to major upstream companies operating in Nigeria ...
