Oando Plc has reached agreement with ENI to acquire 100 per cent ownership stake in Nigerian Agip Oil Company Limited (NAOC), in a deal that nearly doubles Oando’s total oil reserves. In a regulatory ...

This is a significant milestone for Oando's long-term strategy to expand its upstream operations and strengthen its position in the Nigerian oil and gas sector. The company made this known in a ...

Lagos — Oando Plc has announced that its upstream subsidiary, Oando Oil Limited, a 20% participating interest holder in the OMLs 60-63 JV and an affiliate of Oando Energy Resources Nigeria Limited, ...

In 2023, its total comprehensive loss widened to N69.97bn ($46.6m) from N56.80bn the year before. Yet, just over a year later, it has acquired a new subsidiary for $783m, secured an Angolan oil block, ...

YENAGOA, Nigeria, April 12 (Reuters) - Nigerian oil producer Oando Plc (OANDO.LG), opens new tab said three sabotage attacks had targeted its pipelines in the oil-rich Bayelsa state in the south of ...

LONDON, Sept 7 (Reuters) - Nigerian state oil firm NNPC Ltd says a subsidiary of Italy's Eni did not obtain its consent prior to announcing a deal to sell onshore oil assets to local firm Oando PLC, a ...

Oando Plc says it has increased its crude oil production output by almost 50 per cent in three months. It said the achievement followed the acquisition of Nigerian Agip Oil Company from Eni, earlier ...