Oando Plc plans to raise up to $750 million this year for a drilling campaign that could boost output by 300%. The oil and gas company is hoping to tap the improved investor appetite for West African producers amid turmoil linked to the Iran war, its ...
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Biztellers | Nigeria’s fastest-growing online business news medium

Oando Aims to Boost Output by 300%, Raise $750m for Oil Drilling

Oando Plc plans to raise up to $750 million this year for a drilling campaign that could boost output by 300%.

The oil and gas company is hoping to tap the improved investor appetite for West African producers amid turmoil linked to the Iran war, its Chief Executive Officer, Wale ‌Tinubu told...

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SCN Restores Nestoil, Neconde’s Right to Appoint Counsel in Alleged $2bn Debt Dispute

The Supreme Court of Nigeria (DCN) has set aside the judgment of the Court of Appeal, Lagos Division, and restored the appointment of Chief Wole Olanipekun (SAN) and Dr. Muiz Banire (SAN) as counsel representing Nestoil and Neconde in the alleged $2 billion debt suit filed by FBNQuest Merchant Bank...

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SPE Preaches Digital Shift, Smart Capital for Oil Industry Resilience

With global pressures making profits harder to secure, concerned petroleum engineers are clamouring for a rapid shift toward digital innovation and smarter capital strategies to build resilience in Nigeria’s oil industry.

Chairman of the Society of Petroleum Engineers (SPE) Nigeria Council,...

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Upstream Reforms Unlock $10bn in Oil Sector FIDs, Boost Energy Security — Eyesan

It has come to the fore that post Petroleum Industry Act (PIA) regulations are driving a renaissance in Nigeria’s upstream oil and gas sector, unlocking over $10 billion in investments through projects like Bonga North, Ubeta, and HI.

The Chief Executive Officer of the Nigerian Upstream Petroleum...

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NNPC Adopts AI to Secure 3mbpd Target

The Nigerian National Petroleum Company Limited (NNPC Ltd) is focused on AI pilots and digital mining of decades-old data to reduce costs and propel Nigeria’s upstream sector toward a 3 million-barrel-per-day (bpd) production goal.

The Group Chief Executive Officer, NNPC Ltd, Bashir Bayo Ojulari...

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