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Oando
Oando Plc is a Nigerian multinational energy company operating in the upstream, midstream and downstream. In July 2016, Oando entered into a tri-partite agreement with the Vitol Group, an independent trader of energy commodities and Helios Investment Partner, an Africa-focused private investment firm to form OVH (formerly known as Oando Downstream). In September 2016, Oando announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP ("Helios"), a premier Africa-focused private investment firm, to acquire 49% of the voting rights in Oando's midstream business subsidiary, Oando Gas and Power Limited. Oando is Nigeria's indigenous oil and gas company with a production output of per day of oil equivalent, enterprise value of N520 billion and market capitalisation value of N115.1 billion. History Oando's earliest roots can be traced to the formation of Esso Africa in 1956. Esso Africa was a downstream marketing compan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ainojie Alex Irune
Ainojie "Alex" Irune is a Nigerian business executive and strategist. He is the Chief Operating Officer of Oando Energy Resources, an Exploration and Production company in the Nigerian energy sector (an upstream subsidiary of Oando) and an executive director of Oando Plc. Irune oversees Oando Energy Resources' operational oversight of its 16 onshore and offshore assets across Nigeria and São Tomé and Príncipe São Tomé and Príncipe (; pt, São Tomé e Príncipe (); English: " Saint Thomas and Prince"), officially the Democratic Republic of São Tomé and Príncipe ( pt, República Democrática de São Tomé e Príncipe), is a Portuguese-speaking i .... Early life and education Irune studied Computer Science at the University of Nottingham graduating in 2002. He also obtained a PhD in Computer Science from the same university in 2009. Career Irune started his career as a researcher and In-Vehicle Systems Designer working with car manufacturers (Honda, Nissan and Jagu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adewale Tinubu
Jubril Adewale Tinubu ( CON) (born 26 June 1967) is a Nigerian business executive and lawyer, who is the group chief executive of Oando PLC. He began his career in 1990 as an attorney, specialising in corporate and petroleum law assignments. In 1994, he co-founded Ocean & Oil Group and guided its strategic development from an oil trading and shipping company. Education Tinubu had his primary education in Lagos state and later obtained the West African School Certificate in 1983 from the Federal Government College, Odogbolu. He studied law at the University of Liverpool and obtained a Master of Laws degree from the London School of Economics. He returned to Nigeria at 22 to attend the Nigerian Law School in order to qualify to practice and was called to the Nigerian bar in 1990. Career Tinubu began his career with his family law firm, K. O. Tinubu and Co, where he specialised in corporate and petroleum law. In 1994, he co-founded Ocean and Oil Limited, an oil company located in N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian National Petroleum Corporation
NNPC Limited is a for profit oil company in Nigeria. Formerly a government-owned corporation, it was transformed from a corporation to a limited liability company in July 2022. NNPC Limited is the only entity licensed to operate in the country's petroleum industry. It partners with foreign oil companies to exploit Nigeria's fossil fuel resources. History NNPC was established on 1 April 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Petroleum and Energy Resources. NNPC by law manages the joint venture between the Nigerian federal government and a number of foreign multinational corporations, which include Royal Dutch Shell, Agip, ExxonMobil, TotalEnergies, Chevron, and Texaco (now merged with Chevron). Through collaboration with these companies, the Nigerian government conducts petroleum exploration and production. In 2007, the head of the Nigerian wing of Transparency International said salaries for NNPC workers were too low to prevent g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Axxela
Axxela (formerly Oando Gas & Power Limited), is a natural gas value chain company that processes natural gas, transmission & distribution as well as power generation & distribution in Nigeria and West Africa. Background Owned by Helios Investment Partners LLP and Sojitz Corporation company, it is headquartered in Lagos, Nigeria Lagos (Nigerian English: ; ) is the largest city in Nigeria and the second most populous city in Africa, with a population of 15.4 million as of 2015 within the city proper. Lagos was the national capital of Nigeria until December 1991 fo .... It is one of the first indigenous private sector-led developers of natural gas distribution in Nigeria, which serves over 200 industrial and commercial customers via a vast network of natural gas infrastructure. Axxela is the first privately owned, independent company registered gas shipper on the West African Gas Pipeline (WAGP) and in 2021 received the Energy Leadership Excellence Award of the Decade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Esso
Esso () is a trading name for ExxonMobil. Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. The company adopted the name "Esso" (the phonetic pronunciation of Standard Oil's initials, 'S' and 'O'),Don't ignore history by Robert Sobel on Barro's, 7 Dec 1998 to which the other Standard Oil companies would later object. Standard Oil of New Jersey started marketing its products under the Esso brand in 1926. In 1972, the name Esso was largely replaced in the U.S. by the Exxon brand after the Standard Oil of New Jersey bought , while the Esso name remained widely used elsewhere. In most of the wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Power Supply
A power supply is an electrical device that supplies electric power to an electrical load. The main purpose of a power supply is to convert electric current from a source to the correct voltage, current, and frequency to power the load. As a result, power supplies are sometimes referred to as electric power converters. Some power supplies are separate standalone pieces of equipment, while others are built into the load appliances that they power. Examples of the latter include power supplies found in desktop computers and consumer electronics devices. Other functions that power supplies may perform include limiting the current drawn by the load to safe levels, shutting off the current in the event of an electrical fault, power conditioning to prevent electronic noise or voltage surges on the input from reaching the load, power-factor correction, and storing energy so it can continue to power the load in the event of a temporary interruption in the source power (uninterruptible ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Power Plant
A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many power stations contain one or more generators, a rotating machine that converts mechanical power into three-phase electric power. The relative motion between a magnetic field and a conductor creates an electric current. The energy source harnessed to turn the generator varies widely. Most power stations in the world burn fossil fuels such as coal, oil, and natural gas to generate electricity. Low-carbon power sources include nuclear power, and an increasing use of renewables such as solar, wind, geothermal, and hydroelectric. History In early 1871 Belgian inventor Zénobe Gramme invented a generator powerful enough to produce power on a commercial scale for industry. In 1878, a hydroelectric power station was designed and built by Wil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lagos Water Corporation
Lagos Water Corporation formerly Federal Water Supply is the principal supplier of water throughout Lagos State. It is owned by the Lagos State Government. The Waterworks was commissioned by Mr. Frederick Lugard, the then Governor General of Nigeria, in 1915 at Obun Eko Area of Lagos. The Lagos Water Corporation then under the federal government was established with the construction of Iju Water Works. The Iju treatment plant had an initial design capacity of 2.45 million gallon per day (MGD) and was constructed primarily to supply Water to the Colonial residents of Ikoyi in those days. The Lagos Water Corporation has developed a Lagos Water Supply Master Plan as a "Road Map" to take the State's water production capacity to 745 million gallons per day by 2020 in a renewed effort to solve the problem of water shortage and ensure steady supply for the growing population of Lagos. The entire installed water production capacity is currently 210 million gallons per day (MGD), whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Niger Delta
The Niger Delta is the delta of the Niger River sitting directly on the Gulf of Guinea on the Atlantic Ocean in Nigeria. It is located within nine coastal southern Nigerian states, which include: all six states from the South South geopolitical zone, one state (Ondo) from South West geopolitical zone and two states (Abia and Imo) from South East geopolitical zone. The Niger Delta is a very densely populated region sometimes called the Oil Rivers because it was once a major producer of palm oil. The area was the British Oil Rivers Protectorate from 1885 until 1893, when it was expanded and became the Niger Coast Protectorate. The delta is a petroleum-rich region and has been the center of international concern over pollution that has resulted principally from major oil spills of multinational corporations of the petroleum industry. Geography The Niger Delta, as now defined officially by the Nigerian government, extends over about and makes up 7.5% of Nigeria's land mass. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Platform
An oil platform (or oil rig, offshore platform, oil production platform, and similar terms) is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed. Many oil platforms will also have facilities to accommodate the workers, although it is also common to have a separate accommodation platform bridge linked to the production platform. Most commonly, oil platforms engage in activities on the continental shelf, though they can also be used in lakes, inshore waters, and inland seas. Depending on the circumstances, the platform may be fixed Platform, fixed to the ocean floor, consist of an artificial island, or floating oil production system, float. In some arrangements the main facility may have storage facilities for the processed oil. Remote subsea wells may also be connected to a platform by flow lines and by umbilical cable, umbilical connections. These sub-sea facilities may include of one or more subsea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entrepreneur
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sale And Purchase Agreement
A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities. The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price. The repo market is an important source of funds for large financial institutions in the non-depository banking sector, which has grown to rival the traditional depository banking sector in size. Large institutional investors such as money market mutual funds lend money to financial institutions such as investment banks, either in exchange for (or secured by) collateral, such as Treasury bonds and mortgage-backed securities held by the borrower financial institutions. An estimated $1 trillion per day in collateral value is transacted in the U.S. repo markets. In 2007–2008, a run on the repo market, in which funding for investment banks wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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