Aiteo

The Managing Director (Downstream), Aiteo Group, Mr Ewariezi Useh has said that modular refineries sprouting in different parts of the country cannot be relied on to meet fuel demand in the country. Useh who made disclosure during the…

Chibisi Ohakah, Abuja Aiteo Eastern E&P, arguably Nigeria’s largest independent oil producer, has announced plans to spend as much as $5 billion to boost its oil and natural gas production in the next five years. According to the…

By Kenechukwu Obiajuru, Yenagoa  The Federal High Court sitting in Yenagoa on Monday declined an application to halt the renewal of Oil Mining Lease (OML) 29 pending the determination of an pending suit by Nembe communities in Bayelsa. …

By Kenechukwu Obiajuru, Yenagoa.  Aiteo Exploration Ltd, operator of the 97-kilometre Nembe Creek Trunk Line (NCTL) has confirmed Friday’s explosion on the crude export pipeline. Aiteo officials said that the resulting fire from the…

Aiteo has announced the appointment of Bruce Burrows as Global Group Chief Financial Officer (CFO). Bruce brings a wealth of experience from different parts of the world in the oil & gas, power, mining, manufacturing,…

LONDON, United Kingdom, -- It has come to our notice that some fraudsters running a reports-for-cash syndicate, about whom we raised alarm so very recently, are suggesting that a portion of the shareholding of the company that holds the…

We have become aware of a defamatory publication by an online newspaper, known for publishing stories with spurious details. This publication alleges without any foundation whatsoever, that our Executive Vice Chairman (EVC), Mr Benedict…

Aiteo wishes to inform the general public that it remains committed to its sponsorship deal with the Nigerian Football Federation (NFF) effective, May 1, 2017. We wish to state emphatically that contrary to media reports, there is no…

AITEO, Nigeria’s foremost energy solution company, on Wednesday acquired the ‘Naming Right’ of the NFF Federation Cup, as an extension/addendum to the company’s sponsorship agreement with the Nigeria Football Federation. It is also part of…

The company is confident that its significant gas resources at OML 29 will transform the country’s oil rich Niger Delta region into a power generation hub of repute before long LAGOS, Nigeria, March 10, 2017/APO/ --…