212 results found for 'oando'

212 results found for 'oando'
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  • Oando pays increased deposit for ConocoPhillips deal

    18 April 2014
    Business & Finance

    Oando Energy Resources Inc. , a company focused on oil and gas exploration and production in Nigeria,  has paid a previously agreed upon deposit of $25 million for the extension of the outside completion date for the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips. The $25 million deposit was required to […]

  • Oando, GE sign energy cooperation MoU

    4 December 2014

    Oando and GE Nigeria signed a MoU to jointly develop power generation, CNG and small-scale LNG projects.

  • Nigeria approves Oando, ConocoPhillips transaction

    19 June 2014
    Business & Finance

    Oando Energy Resources Inc., a company focused on oil and gas exploration and production in Nigeria, yesterday announced receipt of the consent of the Honourable Minister of Petroleum Resources of Nigeria for the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips for a total cash consideration of $1.65 billion. Further to the receipt of […]

  • Oando: ConocoPhillips transaction to close on July 31

    30 June 2014

    Oando Energy Resources Inc.  and ConocoPhillips have entered into an agreement to extend the outside date for completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips to July 31, 2014. The parties extended the outside closing date for completion of the ConocoPhillips Acquisition to enable them finalise activities required to […]

  • Oando, ConocoPhillips need more time to complete Nigerian deal

    28 March 2014
    Business & Finance

    Oando Energy Resources Inc. a company focused on oil and gas exploration and production in Nigeria, today announced that the outside date for completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips has been extended to April 30, 2014. Pursuant to an amendment agreement executed on March 27 2014, […]

  • Oando inks two gas supply deals with Nigeria LNG

    17 December 2019

    Nigerian energy solutions provider Oando has signed two gas supply agreements with Nigeria LNG.

  • ConocoPhillips completes Nigeria business sale

    30 July 2014
    Business & Finance, Project & Tenders

    ConocoPhillips has announced it has completed the transaction with Oando Energy Resources (OER), a subsidiary of Oando PLC, for the sale of its Nigeria upstream business for a total sales price, after customary adjustments, of $1.5 billion. The sales price is inclusive of $550 million of deposits received, approximately $900 million received at closing, plus […]

  • ConocoPhillips to Sell Nigerian Business Unit

    21 December 2012

    ConocoPhillips said it has entered into agreements to sell its Nigerian business unit for a total of $1.79 billion plus customary adjustments. ConocoPhillips has entered into agreements with affiliates of Oando PLC to sell its Nigerian business unit. This includes two offshore properties consisting of a 95 percent operated interest in OML 131 (Chota Field) […]

  • Northern Offshore Hires Fairstar to Transport Drilling Rig from Malta to Northern Europe

    19 December 2011
    Business & Finance

    Fairstar Heavy Transport N.V. (FAIR) has been awarded a contract by Northern Offshore to transport the jack-up drilling rig ENERGY EXERTER from Malta to Northern Europe in January 2012. The Fairstar open stern, semi-submersible vessel FJELL is expected to load the ENERGY EXERTER in early January and sail immediately afterwards towards a Northern European port […]

  • Fairstar to Transport Drilling Rig RESPECT from Nigeria to Texas

    31 October 2011
    Business & Finance

    Fairstar Heavy Transport N.V. (FAIR) has been awarded a contract by Oando Energy Services, the leading indigenous, energy and energy services company in Nigeria to transport the drilling rig RESPECT from Lagos, Nigeria to Galveston, Texas. The contract value is USD 3.05 million. Chris Muilwijk, Sales Team Leader for Fairstar’s Client Services Group, states “Oando […]

  • ConocoPhillips Sells Nigerian Business for $1.8 Bln

    21 December 2012
    Business & Finance

    ConocoPhillips yesterday announced it has entered into agreements to sell its Nigerian business unit for a total of $1.79 billion plus customary adjustments. ConocoPhillips has entered into agreements with affiliates of Oando PLC to sell its Nigerian business unit. This includes two offshore properties consisting of a 95 percent operated interest in OML 131 (Chota […]

  • Kosmos picks up operatorship over two Sao Tome and Principe blocks

    6 April 2016

    Nigeria’s Oando Energy Resources has teamed up with Kosmos Energy in acquiring offshore blocks in Sao Tome and Principe, and African island nation located near the equator. Oando’s subsidiary Equator Exploration had acquired ownership over the Blocks 5 and 12, respectively, and eventually farmed out the majority ownership in both blocks to Kosmos Energy. Kosmos […]

  • Fairstar to Transport Drilling Rig from Nigeria to USA

    31 October 2011
    Business & Finance

    Fairstar Heavy Transport N.V. (FAIR) has been awarded a contract by Oando Energy Services, the leading indigenous, energy and energy services company in Nigeria to transport the drilling rig RESPECT from Lagos, Nigeria to Galveston, Texas. The contract value is USD 3.05 million. Chris Muilwijk, Sales Team Leader for Fairstar’s Client Services Group, states “Oando […]

  • BW Offshore agrees FPSO Abo extension

    3 April 2017
    Business & Finance, Infrastructure

    FPSO operator BW Offshore has signed an extension agreement for the lease and operation of the FPSO Abo with Nigerian Agip Exploration Ltd, a subsidiary of Italy’s ENI S.p.A. After several temporary extensions, the extension with Agip is now until March 31, 2018, with options until 2023. The duo has been working on this long-term deal since […]

  • Exodus from Nigeria’s onshore arena continues with another oil major selling operated assets to go after deepwater and LNG plays

    25 July 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Eni has cleared all the regulatory hurdles that stood in the way of selling its subsidiary focused on onshore oil and gas and power generation in Nigeria.

  • BW Offshore agrees short-term extension for Abo FPSO

    2 April 2018
    Business & Finance, Infrastructure

    FPSO operator BW Offshore has signed an interim extension agreement for the Abo FPSO with Italian oil major Eni.

  • OER Terminates Brass LNG Purchase Agreement with ConocoPhillips

    17 September 2013

    Oando Energy Resources (OER) has terminated the Brass LNG purchase agreement and has entered into an amendment agreement with ConocoPhillips, in relation to the proposed acquisition by OER, the Nigerian oil and gas business of ConocoPhillips. The company has agreed with COP to terminate the agreement to purchase the shares of Phillips (Brass) Ltd. (PBL), which […]

  • BW Offshore agrees Abo FPSO extension with Eni

    1 May 2018
    Business & Finance, Infrastructure

    BW Offshore has signed an extension for the lease and operation of the FPSO Abo with Italian oil major Eni.

  • BW Offshore FPSO staying longer in Nigeria

    17 April 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Eni has handed out another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field off Nigeria.

  • BW Offshore, Eni agree on Abo FPSO lease extension

    18 December 2018
    Business & Finance, Infrastructure

    BW Offshore has signed an extension agreement for the lease of the Abo FPSO with Nigerian Agip Exploration, a subsidiary of Eni.

  • BW Offshore agrees short-term extension for FPSO Abo as talks go on

    23 January 2017
    Business & Finance, Infrastructure

    Norway’s BW Offshore has signed an interim extension agreement for the Abo FPSO with a subsidiary of Eni, Nigerian Agip Exploration, until March 31, 2017. BW said on Monday that the short-term extension was agreed to secure operational continuity while joint work is continuing to conclude the negotiations. To remind, BW Offshore in January 2015 signed […]

  • More time in Nigeria for BW Offshore FPSO

    1 June 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Eni has handed out another short-term contract extension to BW Offshore for an FPSO, working on a field located offshore Nigeria.

  • Eni prolongs FPSO’s stay off Nigeria

    16 January 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Eni has handed out another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field offshore Nigeria.

  • BW Offshore bags new FPSO extension with Eni

    7 January 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    BW Offshore has secured another contract extension with Eni for one of its FPSOs for operations on a field located offshore Nigeria.

  • Eni keeps BW Offshore FPSO busy off Nigeria

    3 May 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Eni has handed out another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field offshore Nigeria.