Extractive 360
NEWS
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1.4KCrude Oil, Natural Gas Traders Worry About Demand
Rallies fizzled in the energy complex last week after demand concerns were raised in crude oil and natural gas. The weakness in...
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1.1KOil Prices Rise Above $60/bbl On Tightening Supply
Crude prices rose to a four-month high above $60 a barrel after government data showed tightening oil supplies in the United States,...
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939Baru: Drilling At Kolmani River-II Well Reaches 6,700 Feet
Drilling so far at the Kolmani River-II Well which spud-in was flagged off last month by President Muhammadu Buhari has reached 6,700...
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1.0K‘Energy Integration Across W/Africa Will Reduce Unemployment, Restiveness’
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called for more integration among countries within...
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1.2KPresident Revokes Shell’s OML 11 Licence, Transfers Operatorship To NNPC
President Muhammadu Buhari has revoked the operating licence granted the oil giant, Shell for Oil Mining Lease (OML) 11, located in Ogoniland,...
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849
Oil Maintain Slight Rise As Macro Concerns Limit Gains
Crude oil prices rose Tuesday amid expectations of more production declines in Venezuela and Saudi Arabia, but broader economic concerns capped gains....
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993OPEC Has Helped U.S. Barkindo Says, Ahead Of Meeting With Shale Producers
U.S. shale companies have benefited from the supply-cut efforts from OPEC and its allies that boosted prices, OPEC Secretary General Mohammed Barkindo...
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1.1K
DSDP: NNPC Shipping Arm Sign Freight Contracts With BP, Others
The Nigerian National Petroleum Corporation’s (NNPC) shipping Subsidiary, NIDAS, says it has signed Contract of Affreightment (COA) with BP and Socar for...
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1.3K
NNPC 2019 Budget Gets Early Presidential Approval
The 2019 budget of the Nigerian National Petroleum Corporation (NNPC), has gotten an early approval by President Muhammadu Buhari. This was disclosed...
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1.3KNNPC To Add 4000mw To Grid From Planned Abuja, Kaduna IPPs
The Nigerian National Petroleum Corporation (NNPC) has expressed its preparedness to build additional Independent Power Plants (IPPs) in Abuja, Kaduna and Kano...