Business Elites Africa (BEA) has been reliably informed that the tank farm that exploded in the Apapa area of Lagos on Thursday, Oct. 5, is no longer owned by Oando Plc. The petrol depot is owned by OVH Energy, Oando’s former subsidiary. An inside source at Oando told BEA that[Read More…]
Oil & Gas
Happening Now: Fire Guts Oando Tank Farm in Lagos
A tank farm at Marine Beach, Apapa area of Lagos State, belonging to Nigerian oil company, Oando, is currently on fire, the Federal Fire Service confirmed on Thursday afternoon. The firefighters said they are battling to put out the raging fire while warning members of the public to avoid the[Read More…]
Shell Slashes Operational Cost in Major Review as it Transitions to Renewable Energy Market
British-Dutch multinational, Shell, is reportedly planning to slash up to 40% off the cost of producing oil and gas, as it pivots to focus on the renewable energy and power markets. According to Reuters, the company is overhauling its entire oil and gas business in light of the global economic[Read More…]
