Tag: Oando

Court orders arrest of Oando’s oil rigs over N4.7 billion debt
August 24, 2017 No Responses

Court orders arrest of Oando’s oil rigs over N4.7 billion debt

A Federal High Court sitting in Port Harcourt, Rivers State has ordered the arrest and detention of three crude oil drilling rigs belonging to Oando Energy Services Limited (also known as OES Energy Services Limited) over debts of US$15,399,524.84 (equivalent...
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EFCC recovers N328.9b from NNPC retails, Oando, Total, Mobil, others
July 27, 2017 No Responses

EFCC recovers N328.9b from NNPC retails, Oando, Total, Mobil, others

The Economic and Financial Crimes Commission (EFCC) has recovered a total sum of N328, 988,296,990.62 from NNPC retails, Oando Plc, Mobil Plc, Conoil Plc, Total Plc, OVH Energy Plc, Forte Oil and Gas Plc, MRS Oil Plc and NIPCO Oil...
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Petroleum ministry under scrutiny as Senate halts concession of Port Harcourt Refinery to AGIP, OANDO
May 31, 2017 No Responses

Petroleum ministry under scrutiny as Senate halts concession of Port Harcourt Refinery to AGIP, OANDO

Citing alleged irregularities, the Senate on Tuesday asked the Ministry of Petroleum Resources to halt all transactions relating to the proposed concession of the Port Harcourt refinery to Agip and Oando.  The lawmakers who are questioning the rationale behin...
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Oando seeks approval to refurbish refineries
May 12, 2017 No Responses

Oando seeks approval to refurbish refineries

Oando Plc is to seek the approval of the Federal Government to refurbish one or two refineries as part of measures to end fuel importation.    Speaking during the company’s facts behind the figure at the Nigerian Stock Exchange (NSE)...
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