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Saturday, November 21, 2009 8:35 PM

Oando Plc

Type: Company
Name: Oando Plc
First Reported 11/20/2009 - Updated 11/20/2009 - 1 Documents
The Manufacturers' Association of Nigeria (MAN) has agreed to pay N40 per cubic feet of gas to break the lingering crisis between manufacturers and Gaslink Nigeria Ltd. Gaslink Nigeria Ltd is a subsidiary of Oando Plc.The of President of MAN, Alhaji Basher ... [AllAfrica.com - 11/20/2009]
First Reported 11/18/2009 - Updated 11/18/2009 - 1 Documents
Sopuruchi Onwuka 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 Apapa, Lagos, to a 7,600 MT capacity ultra-modern terminal.This initiative ... [AllAfrica.com - 11/18/2009]
First Reported 11/03/2009 - Updated 11/04/2009 - 4 Documents
AS part of efforts aimed at boosting the Liquefied Petroleum Gas (LPG) sector, Oando Plc, a major player in the nationÕs downstream sector, has said that plans were afoot to upgrade its LPG terminal, Apapa, Lagos to an ultra-modern 7,600 metric tonne ... [Nigeria Guardian - 11/04/2009]
First Reported 11/09/2009 - Updated 11/09/2009 - 2 Documents
Gazprom OAO - Click to view 360-page
Gazprom OAO
Oando Plc, Nigeria's integrated energy solutions provider has announced in Lagos the signing of a memorandum of understanding (MOU), with Russia's energy giant, Gazprom to jointly develop projects in multiple sectors of Nigeria's oil and gas industry ... [Individual.com - 11/09/2009]
First Reported 11/02/2009 - Updated 11/02/2009 - 2 Documents
Nigerian oil company Oando PLC announced plans to apply for listing on the London Stock Exchange.Oando has invested heavily in drilling operations in offshore regions in Nigeria. It also moved closer to Russian energy Gazprom and state-run Ghana National ... [UPI - 11/02/2009]
First Reported 11/02/2009 - Updated 11/02/2009 - 1 Documents
It has been reported that Oando PLC, a small oil company here, is expected to take a rare step for any Nigerian company by applying for a listing on the London Stock Exchange. Topics: Exchanges Countries: Nigeria; United Kingdom Industries: Exchanges; ... [Mbendi - 11/02/2009]
First Reported 11/02/2009 - Updated 11/02/2009 - 1 Documents (in Corporate Deals)
Equator Exploration Limited gives notice of a special dividend payment to be made to shareholders.DividendThe Board of Equator has determined that there is a surplus of US$29 million after taking account of existing liabilities and commitments. The Board ... [OilVoice - 11/02/2009]
First Reported 11/06/2009 - Updated 11/06/2009 - 1 Documents
CAPE TOWN, Nov 6 (Reuters) - Nigeria's top fuel retailer and gas distributor Oando Plc (UNIP.LG: Quote)(OAOJ.J: Quote) plans to list on the London Stock Exchange in early 2010 and use the proceeds to fund its upstream ventures, the company's head said ... [Reuters Africa - 11/06/2009]
First Reported 10/22/2009 - Updated 10/22/2009 - 1 Documents (in Energy)
CITING huge amount of gas projects in the country, Oando Plc at the weekend entered into a strategic agreement with Russia's oil giant, Gazprom, on how to jointly develop projects in multiple sections in the nation's oil and gas sector.The strategic agreement, ... [Nigeria Guardian - 10/22/2009]
First Reported 10/25/2009 - Updated 10/25/2009 - 1 Documents
Equator Exploration Limited provides the following update on finance, share activities and the Bomu-1 well.FinanceFurther to the US$ 5.02 million already drawn under the facility agreements with Oando Plc ("Oando"), an amount of US$ 9.66 million has also ... [OilVoice - 10/25/2009]
First Reported 10/26/2009 - Updated 10/26/2009 - 1 Documents
DESPITE the ongoing profit taking by investors, volume in the Banking sub sector was last week sustained by activity in the shares of First City Monument Bank Plc, United Bank for Africa Plc and Access Bank Plc.At the close of transactions on Friday, ... [Nigeria Guardian - 10/26/2009]
First Reported 10/26/2009 - Updated 10/26/2009 - 1 Documents
Abuja Oando PLC, Nigeria's integrated energy solutions provider has announced that it has signed a Memorandum of Understanding (MOU) with Russia's energy giant, Gazprom.They have agreed to collaborate in the development of oil & gas assets and infrastructure ... [AllAfrica.com - 10/26/2009]

Quotes

...a lasting solution was to encourage more investors to go into the gas supply sector, saying that it would break the monopoly now enjoyed by Oando. "Though Oando is not the only company in gas supply, but its the company that got connected to major companies. The other two or three gas companies have just little share of the market" he said
According to the Group Chief Executive of the company, Mr. Wale Tinubu, "Oando Marketing Limited has consciously moved to consolidate its position in the downstream petroleum marketing sector to create value by maximizing asset utilization and increasingly move into the higher margin products market." The strong market positioning, according to him, also translated into proportionate positive impact on the balance sheet, pushing profitability several...

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All (35) | News (33) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (2)
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Companies to Pay N40 Per Cubic Feet of Gas [AllAfrica.com - 11/20/2009]
Nigeria: Oando Awards Feed for LPG Terminal Upg... [AllAfrica.com - 11/18/2009]
Oando Teams Up With Gazprom [Individual.com - 11/09/2009]
Nigeria: Oando Teams Up With Gazprom [AllAfrica.com - 11/09/2009]
INTERVIEW-Oando to use London listing to fund u... [Reuters Africa - 11/06/2009]
Oando to upgrade LPG terminal, awards N100m eng... [Nigeria Guardian - 11/04/2009]
Oando To Upgrade Its LPG Terminal At Lagos, Nig... [Energy Business Review - 11/03/2009]
Nigeria: Oando to Be Listed On London Stock Exc... [AllAfrica.com - 11/03/2009]
Nigeria: Oando Upgrades LPG Terminal to 7600 MT [AllAfrica.com - 11/03/2009]
Oando sets eyes on LSE [UPI - 11/02/2009]
Equator Exploration Announces Special Dividend ... [OilVoice - 11/02/2009]
Oando PLC expected to apply for a listing on th... [Mbendi - 11/02/2009]
WSJ: Nigerian Oil Firm Oando Plans To List In ... [Morningstar UK - 11/02/2009]
Profit Taking Swings Market Indices [Nigeria Guardian - 11/01/2009]
Nigeria: Oando Diversifies With Indigenous Ener... [AllAfrica.com - 10/28/2009]
Nigeria: Oando Signs MoU With Gazprom [AllAfrica.com - 10/26/2009]
OTC records N588.7b transactions [Nigeria Guardian - 10/26/2009]
Equator Exploration Provides Financial and Oper... [OilVoice - 10/25/2009]
Stock Market Shows Promise [Nigeria Guardian - 10/25/2009]
Nigeria: Investors Gain N152 Billion on NSE [AllAfrica.com - 10/23/2009]
Oando, Gazprom sign MOU on gas development [Nigeria Guardian - 10/22/2009]
Nigeria: Market Rebounds, Share Value Rises by ... [AllAfrica.com - 10/20/2009]
Nigeria: Equity Value Drops By N227.82 Billion [AllAfrica.com - 10/19/2009]
Gazprom signs agreement with Nigeria's Oando [MENAFN - 10/19/2009]
Investors stake N467.7b on bonds, lose N243b in... [Nigeria Guardian - 10/19/2009]
African Markets - Factors to watch on Oct 19 [Interactive Investor International - 10/19/2009]
African Markets - Factors to watch on Oct 19 [FinanzNachrichten.de - 10/19/2009]
Oando, Gazprom form Nigeria energy partnership [Interactive Investor International - 10/18/2009]
Oando secures govt's approval on Akepo oil field [Nigeria Guardian - 10/14/2009]
Oando, Exile Get Go-Ahead for Akepo Farm-Out Of... [Rigzone - 10/12/2009]
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