Energy
Oando opens ultra-modern petrol station in Lagos
LAGOS-OANDO Marketing Limited, a subsidiary of Oando PLC has commissioned a new retail station at KM3, Orile, on the Lagos – Badagry expressway. The quality of the upgraded service station is consistent with the company’s commitment to lead in the area of fuel retailing in Nigeria, especially as they already lead the pack in most other areas of the energy value chain.
With a current fuel distribution capacity of over 2bn liters annually, Oando has retained its leading market share for fuel retailing and is poised to continue to expand leveraging its strong brand affinity, efficient distribution capacity, and entrepreneurial heritage.
Oando KM3, Orile Lagos as the station is called boasts of modern, contemporary, and eye-pleasing design with detailing infused to specifically meet the needs of customers and travelers on the Lagos-Badagry expressway axis. The station upgrade was timely executed to complement the new 10-lane super highway which is billed for completion in less than 24 months, specifically, the station is situated very close to one of the passenger train stations on the new highway.
Equipped to service over 2000 cars per day, the station’s arsenal of silent, ultra-fast premium fuel dispensing units has been specially configured to deliver accurate quantities at all times to ensure consumers receive value for money at every visit to the retail outlet. In addition to liquid fuels, Oando KM3 Orile will also retail Oando’s full basket of petroleum products including car maintenance services via its advanced auto-care center, which was also commissioned for immediate use by customers. Altogether KM3 Orile will deliver the most premium service to customers in the Ijora, Orile & Iganmu axis.
Speaking at the launch, the CEO of Oando Marketing Limited, Mr. Abayomi Awobokun expressed satisfaction with the quality of the station upgrade, its visual contribution to the neighborhood, the environmental considerations in its design, and most important the value it would bring to customers and travelers on the Lagos-Badagry super highway when it’s completed. In his remarks, he acknowledged the hospitality of the host community, led by the Ojora of Ijora, HRM Oba Abdulfatai Oyeyinka Aremu Aromire, ably represented at the station launch by a distinguished bench of high chiefs and nobles. Furthermore, he commented on the positive outcomes from the efforts of the State government as the entire area was already showing signs of increased commercial activities as a result of the huge investments in infrastructure in the area.
Speaking on the downstream Oil & Gas sector, Awobokun noted that “despite industry challenges, Oando Marketing Ltd is still able to compete favorably amongst its peers evidenced not only by its market share and current station footprint but also by its ability to continue upgrading and growing its network right across the country”.
Oando Marketing is also leading in the area of the development of blue collar workers, having so far trained over 1000 auto-mechanics via its Oleum Academy which commenced in 2014 to boost the competencies of mechanics all over Nigeria. In addition to class room and on-the-job training, the company also provides car diagnostic tools to graduating mechanics to boost their ability not only to ply their trade but to do so in a sustainable manner.
Similarly, Oando Marketing Ltd is the leading retailer of LPG in Nigeria, successfully distributing the product in every state of the country. In addition to the sales of LPG, it launched an LPG awareness campaign for teenagers” called “Teens Can Cook” in 2014, to educate and encourage the use of LPG for domestic use in schools, hospitals, restaurants and homes across the country. “The Teens Can Cook” initiative has successfully carried out cooking campaigns involving over 70 schools and at 10 NYSC camps across the country including Rivers & Kogi States. Oando intends to switch 5m homes to LPG for domestic use over a 5 year period from dirty fuels like coal and firewood.
The company recently announced the recapitalization of its downstream business through a joint venture arrangement consisting of renowned international firms with experience and proven track record in raising the standards in technology and the Oil and gas downstream sectors. Oando Marketing boasts of businesses and operations in key West African countries including Ghana and Togo.
Led by energetic and dynamic leadership and guided by international processes in operational standards and service offerings, Oando Marketing is poised to enhance its leadership as Nigeria’s premier downstream company and ultimately revolutionize the way the business is run on the African continent.
As a direct implication of the Federal Government’s Foreign Direct Investment drive, the Royal Dutch Shell has completed the final investment decision on the deep offshore Bonga North project in Nigeria.
Biztellers reports that the Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55% interest.
Shell’s Integrated Gas and Upstream Director, Zoë Yujnovich, said, “This is another significant investment, which will help us to maintain stable liquids production from our advantaged Upstream portfolio”.
ALSO READ: OGUNCCIMA Commends Dangote Refinery’s Impact
It was gathered that the Bonga North project involves drilling, completing, and starting up 16 wells (8 production and 8 water injection wells), modifications to the existing Bonga Main FPSO and the installation of new subsea hardware tied back to the FPSO.
The company is optimistic that the project will sustain oil and gas production at the Bonga facility.
The Bonga North currently has an estimated recoverable resource volume of more than 300 million barrels of oil equivalent (boe) and will reach a peak production of 110,000 barrels of oil a day, with first oil anticipated by the end of the decade.
In addition, the Bonga North will help ensure Shell’s leading Integrated Gas and Upstream business continues to drive cash generation into the next decade.
Chevron Nigeria Limited (CNL), has received an award as “Energy company of the year (2024)” for its Environmental Sustainability and Corporate Responsibility accomplishments.
The award presented by the Nigerian News Direct newspaper, on Friday December 6, 2024, and was received by Manager Communications, Chevron Nigeria and Mid-Africa Business Unit, Victor Anyaegbudike, at a colourful event at the Grand Ballroom of the Oriental Hotel, Lagos.
ALSO READ: Stakeholders Hail NCDMB As Local Content Level Hits 56%
The organizers of the award noted that Chevron has implemented the “Protecting People and the Environment” policy, which aims at preventing injuries, illnesses, and environmental incidents. They also referenced that the company has achieved 97% gas flaring reduction in its operations in Nigeria, while implementing waste management and environmental conservation programs.
According to the media organization, Chevron Nigeria has also invested millions of dollars in community development programs, supporting education, health and economic development initiatives that have benefited thousands of people, while ensuring diversity, inclusion, and employee engagement in its business operations.
Receiving the award from the Lagos State Commissioner for Information and Strategy, Gbenga Omotosho, Anyaegbudike thanked the organizers for the honour, and reiterated Chevron’s commitment to continue to develop, affordable, reliable and ever-cleaner energy that enables human progress around the world.
The Shell Companies in Nigeria have restated commitment to supporting Nigerian businesses in the quest to grow local content for the domestic oil and gas industry.
The company made the assertion at the recent Practical Nigerian Content (PNC) forum in Yenagoa, Bayelsa State, and committed to doing this through contract awards and scaling up of expertise.
Biztellers reports that over 700 oil and gas entities participated in the 13th edition of the PNC Forum
The four-day conference with the theme “Deepening the Next Frontier for Nigerian Content Implementation” began today and will see the hosts, Nigerian Content Development and Monitoring Board (NCDMB) and participating companies review progress on the development of Nigerian content pertaining to the implementation of the Nigerian Oil and Gas Industry Development (NOGICD) Act since it was enacted in 2010.
ALSO READ: Chevron Remains Committed To Nigerian Content Development – Swartz
The Shell companies in Nigeria were the forum with a strong message of support for Nigerian companies, having awarded contracts worth $1.98 billion to the businesses in 2023 in continuing effort to develop Nigerian content in the oil and gas industry.
The contracts, awarded by the Shell Petroleum Development Company of Nigeria Limited (SPDC), Shell Nigeria Exploration and Production Company Limited (SNEPCo), and Shell Nigeria Gas (SNG) present a three percent increase from the 2022 performance of $1.92 billion.
Business Opportunity Manager for SNEPCo’s Bonga South-West Aparo Project, Olaposi Fadahunsi, representing SNEPCo Managing Director, Ron Adams, told participants at the opening of the forum that several benefitting companies had taken advantage of the patronage to expand their operations and improve their expertise and financial strength.
“Shell companies execute a large proportion of their activities through contracts with third parties, and Nigeria-registered companies have been key beneficiaries of this policy aimed at powering Nigeria’s progress,” Fadahunsi said. He commended the Nigeria Content Development and Monitoring Board (NCDMB) for ensuring compliance with the Nigerian Content Act.
In addition to contract awards, Shell companies have implemented projects under the Human Capital Development Fund, including the Niger Delta University learning centre and digital library project and the Federal University of Technology Information Technology Hub. Both projects were inaugurated this year, in collaboration with SPDC Joint Venture partners – Nigeria National Petroleum Company Limited (NNPC), TotalEnergies and Nigeria Agip Oil Company Limited (NAOC).
Other projects include the University of Lagos Geosciences Centre of Excellence, Nigeria Diving School and funding of ongoing research at the University of Ibadan to develop a synthetic-based drilling fluid.
The Shell Companies in Nigeria also continue to develop indigenous manpower through scholarship programmes with over 3,772 undergraduate and 109 Niger Delta post graduate scholarships since 2016.
Fadahunsi added: “As we speak, beneficiaries of the 13th edition of the Niger Delta Post Graduate Scholarship awards are pursuing their studies in the United Kingdom. The employability rate of the scheme is high with over 98% of the graduates who won the awards securing employment in the oil and gas industry, academia and Information Technology, among other sectors, within one year of completing their studies. Nigerian content will continue to be an important part of Shell operations.”
President Tinubu Set For First Nationwide Media Chat Tonight
FCT Health Sector On Brink As Doctors Warn Of Looming Deadliest Strike
Non-Oil Sector Fuels Nigeria’s Q3 2024 GDP Growth, Says CBN
NNPC Cuts Petrol Price To N965 Per Litre
Nigeria Nominates Dr. Olufemi Elias For ICJ Judge Position
Sanwo-Olu Flags Off Lagos Shopping Festival
OSSG Raises Alarm Over Murder Plot By APC Chieftain
NCC, SMEDAN, NAICOM, SEC, Others Set for SUPERNEWS SMEs Conf June 13
Sahara’s Tonye Cole resigns from GPHCDA
Niger Delta Avengers: President Buhari Reads riot Act …considers the carrot and stick option
Oando opens ultra-modern petrol station in Lagos
