Oando Energy Services Company News

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Chevron Selling 40% Stakes in Two More Nigerian Oil Blocks
Chevron says it was selling its 40% stakes in two more Nigerian shallow water offshore oil blocks, Oil Mining Leases (OML) 86 and 88 in the Niger Delta area.
8:00 PM EST | June 23, 2015
Oando Raises Deposit to Acquire ConocoPhillip's Nigerian Upstream Business
Oando Energy Resources increases deposit to acquire ConocoPhillips' upstream oil and gas business in Nigeria.
8:00 PM EST | April 20, 2014
Oando Energy Executes Second Facility Agreement with Oando Plc
Oando Energy Resources enters into a second facility agreement with Oando Plc.
7:00 PM EST | December 25, 2013
Oando Deploys Rig for Shell's Niger Drilling
Oando Energy Services Limited has announced the deployment of one of its swamp rigs, OES Passion, to execute a two year drilling contract with Shell in the Niger Delta.
7:00 PM EST | February 06, 2012
Nigeria's New Leader Woos Oil Companies
Nigeria's new acting president, Goodluck Jonathan, is attempting to breathe life into the nation's ailing energy sector just two days after assuming the duties of President Umaru Yar'Adua.
7:00 PM EST | February 11, 2010
Oando, Gazprom Form Strategic Sub-Saharan Africa Partnership
Oando has signed 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.
8:00 PM EST | October 18, 2009
Nigeria's Oando Records 4% Increase in Profits for First Half 2009
Oando has announced its profits for the six-month period ending June 30, 2009, representing a 4% increase over the same period in 2008.
8:00 PM EST | August 18, 2009
Oando Collects 2 Inland Barge Rigs from Shell
Oando Energy Services has emerged Nigeria's largest indigenous drilling contractor with Oando's acquisition of two inland barge rigs from Shell.
8:00 PM EST | July 26, 2009
Oando Scores $150MM Agip Drilling Contract in Niger Delta
Oando has secured a $150 million two-year drilling contract with Nigerian Agip Oil Co for its oil fields in the Niger Delta swamps.
8:00 PM EST | May 17, 2009
Nigeria's Oando Grows Profits by 63%
Oando has announced unaudited results for the nine months ended September 30, 2008. The company reported a gross profit of $138.63 million, up 63% over the same period in 2007.
7:00 PM EST | November 04, 2008
Oando Signs PSC, GMoU on OPL 236
Oando Exploration and Production (OEPL), in line with its commitment to fast track the development of its upstream assets, in Uyo, Akwa Ibom, signed a Global Memorandum of Understanding with the Ukana South 1 communities, within block OPL 236.
8:00 PM EST | April 22, 2008
Oando, Shell and Agip Work Out Interest in OML 125 and 134 Offshore Nigeria
Agip has exercised its pre-emption right to the two oil blocks located in OML 125 and 134. Oando has in turn immediately expressed its willingness to work with Agip to explore collaborative opportunities and remain confident of a positive outcome.
8:00 PM EST | April 02, 2008
Dubai World Sets Up Venture For Foreign Oil, Gas Buys
Dubai-government funded investment company Dubai World has discreetly set up a venture for petroleum acquisitions abroad, according to people familiar with the matter, the latest Gulf company seeking new reserves beyond their oil-rich countries.
8:00 PM EST | March 25, 2008
Oando Acquires Two Swamp Rigs for Nigeria Operations
Oando Energy Services has acquired two swamp rigs for upstream operations in the Niger-Delta area, as the company seeks to expand its service offerings to operating companies in Nigeria.
7:00 PM EST | February 06, 2008