Extractive 360
Posts By e360
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1.2KINTERNATIONAL NEWSAbu Dhabi Offering Six Blocks In First License Round
Abu Dhabi National Oil Co. (ADNOC) has issued details of six blocks offered under Abu Dhabi’s first competitive exploration and production bid...
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765NEWSTrump/OPEC Feud: U.S. Oil Floods Europe, Hurting Nigerian, Russian, Other Grades
As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a...
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1.1KNEWSOil Dips On Rising U.S. Yields, Trumps Decision On Iran
Oil prices were little changed at around $74 a barrel on Monday on rising U.S. borrowing costs and the prospect of further...
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815NEWSIMF Warns Nigeria, Others Of Possible Crash In Crude Prices
The International Monetary Fund (IMF) has warned oil dependent economies like Nigeria and other countries of a possible crash of the prices...
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1.3KFEATURESNEITI Audit Reports And Mounting Remedial Issues
Some major outstanding remediation issues in the 2014 oil & gas sector audit $7bn total unremitted payments to government $1.8bn accumulated unremitted...
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943Knowledge CentreOPEC Cuts Another 200,000bpd In March
OPEC crude oil production dropped just over 200,000 barrels per day in March. They are now just over one million barrels per...
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1.4KNEWSNEITI Relocates Secretariat To Asokoro
The Nigeria Extractive Industries Transparency Initiative (NEITI) says it has moved its secretariat to Asokoro district in Abuja. The agency in a...
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819NEWSOil Price Jumps To $72 On Syria Crisis
Oil price hit the highest level in three years on fears of a U.S. strike on Syria. With this, oil price jumped...
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968INTERNATIONAL NEWSTullow To Drill Cormorant Offshore Namibia In September
Tullow Oil has contracted the Ocean Rig deepwater drillship Poseidon to drill the Cormorant prospect in the Walvis basin offshore Namibia. According...
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679NEWSLekoil Taking Action Over Offshore Nigeria Lease
Lekoil is still waiting for confirmation of Nigeria’s government concerning a farm-in to the offshore OPL 310 lease in the Dahomey basin....