ConocoPhilips

Oando bounces back as second quarter results are released

by Tunji Andrews Oando Plc has just released its full year trading result to the floor of the Nigerian Stock Exchange. The company, which has 905,084,628 units of shares outstanding, declared a Turnover of N336.859 billion and a Profit After Tax of N10.096 billion for the period. In May of this year, the Toronto-listed Oando... Read More

ConocoPhilips, nigeria, oando, Oil, Petroleum, Wale Tinubu

November 8, 2012

OANDO loses out to relatively unknown Lekoil in bid for ConocoPhilips’ Nigerian assets

by Rachel Ogbu Lekoil, the least known of the four last runners bidding for ConocoPhilips’ Nigerian assets has won the bid hands down with its $2.5Billion offer. “We have a preferred bidder”, Conoco Phillips wrote in a message to Oando, Seplat and Transcorp/MidWestern on the night of Wednesday, October 31, 2012. But the company didn’t... Read More

ConocoPhilips, Lekoil, Nigerian assets, Oil and Gas