aiteo Archives - Freedom Online

NNPC, Aiteo JV inaugurate Nembe crude oil grade

Gbemi Banks — Wed, 08 Nov 2023 10:28:53 +0000

The Nigerian National Petroleum Company (NNPC) Ltd has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe crude blend produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the ongoing […]

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Oil workers protest at Aiteo’s OML 29 in Bayelsa

Chidi Roberts — Tue, 12 Jun 2018 22:51:37 +0000

Surveillance workers in Opu-Nembe in Nembe Local Government Area of Bayelsa State, on Tuesday, staged a protest at OML 29 operated by Aiteo Eastern Exploration and Production Company. Shell Petroleum Development Company had in September 2015 divested from OML 29 located at Odema Creek and Santa Babara flow station. It was gathered that the workers […]

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$250m unremitted fund: Reps threaten to issue arrest warrant on MDs of Aiteo Energy, Neconde Energy, Frontier Energy, seven other oil firms

Roland Edwards — Wed, 13 Dec 2017 21:26:23 +0000

The House of Representatives Committee on Oil and Gas, on Wednesday, threatened to issue warrant of arrest on Managing Directors of 10 oil firms, if they failed to appear before it on Thursday to account for unremitted $250 million to Federal Government’s purse. Mr Jerigbe Agom, the Chairman of the committee, issued the warning at […]

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Court stops FG, AGF, EFCC from crippling AITEO operations

Ibrahim Ahmadu — Fri, 08 Dec 2017 19:16:27 +0000

The Federal High Court, Abuja, on Friday, restrained the Federal Government from taking steps that may cripple the operations and freezing the accounts of AITEO Eastern E & P Company Limited. Justice Gabriel Kolawole made the order after he entertained an ex-parte motion filed by Mike Ozekhome (SAN) on behalf of the company. AITEO, a […]

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Salaries: Aiteo Group to pay Nigeria’s football coaches N2.5bn for five years

Freedom Reporter — Wed, 26 Apr 2017 20:38:40 +0000

An indigenous oil and gas company, Aiteo Group, has concluded an agreement to pay all Nigerian national football teams coaches’ salaries for the next five years with N500 million annually. Mr Francis Peters, the Deputy Managing Director, Aiteo Group, made the disclosure at the agreement signing between the representatives of the company and the Nigerian […]

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NNPC crude swap: AITEO settles $202m outstanding obligations

Roland Edwards — Mon, 27 Mar 2017 21:50:52 +0000

The Nigerian National Petroleum Corporation (NNPC) says AITEO group, one of the three companies involved in the under-delivery of petroleum products to the corporation, has paid up. It’s Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, announced this in a statement in Abuja on Monday. According to Ughamadu, the update is in line […]

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Bayelsa ‎Govt. condemns fresh attack on Agip, Aiteo facilities by Niger Delta Avengers

Chidi Roberts — Sat, 28 May 2016 16:11:54 +0000

Bayelsa State Government, on Saturday, condemned the attack on ‎two crude trunk lines, operated by Aiteo and Agi‎p, by new militant group, the Niger Delta Avengers (NDA). The militant group earlier on Saturday claimed responsibility for vandalism of the pipelines that convey crude to the Bonny and Brass export terminals. Mr Jonathan Obuebite, Bayelsa […]

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Dickson writes Buhari, says Chevron, Agip, Aiteo, others don’t pay tax

Chidi Roberts — Thu, 21 Apr 2016 21:54:03 +0000

The acrimony between Bayelsa State government and multinational oil companies deepened on Thursday with Governor Henry Seriake Dickson seeking the intervention of the Presidency over tax evasion, flagrant disregard to laws and non-compliance with the rules and regulations of the country. Among the oil companies identified as major culprits in tax evasion include Shell Petroleum […]

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Oil swap deals: Aiteo, Ontario CEOs risk arrest as House of Reps praises Taleveras for honouring invitation

Ola Simeon — Thu, 21 Jan 2016 19:09:27 +0000

Following the refusal of two trading companies involved in crude oil swap arrangement of the Nigerian National Petroleum Corporation (NNPC) to appear at an investigative hearing, the House of Representatives has threatened to issue bench warrant of arrest against the chief executives of the two companies. Aiteo Nigeria Ltd and Ontario Nigeria Ltd were in […]

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