Extractive 360
NEWS
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751Saudi Arabia’s Pledged Output Cut Will Stabilise Market, Says Nigeria’s Baru
Dr. Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) says Saudi Arabia recent decision to announce daily crude...
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1.0KOPEC’s Barkindo Assures Global Oil Community Of Market Stability
The Organisation of the Petroleum Exporting Countries (OPEC) Secretary General, Dr. Mohammed Barkindo, has assured the global oil community that the organization...
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706Oil Price Rises As Saudi Arabia Pledges Production Cut
Oil price rose on Monday, boosted by news Saudi Arabia plans to reduce its output levels by some 500, 000bpd in December,...
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1.1KGiant, Hard To Monetize Discoveries Made In Nigeria, Other African Frontiers
Exploration over the past decade over sub-Saharan Africa has delivered more giant discoveries than any other region, according to Wood Mackenzie. There...
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762Nigeria To Revive State-owned Refineries In 2020 As Financing Talks Drag
Dr. Ibe Kachikwu, Nigeria’s Minister of State for Petroleum says the nation’s refineries would no longer be revived in 2019 as earlier...
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1.1K1Environmental Degradation: Osinbajo Assures Of Assent To NOSDRA Bill, Ogoni Cleanup
Vice President Yemi Osinbajo on Wednesday in Abuja, assured that President Muhammadu Buhari will assent to the National Oil Spill Detection and...
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861Petrobras Withdrawing From Three Deepwater Nigeria Projects
Petrobras is withdrawing from three Nigeria deepwater projects following sale of its stake in the assets. Petrobras International Braspetro has agreed to...
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990Federation Gets $142m, JV $307m As Nigeria Records $470m Crude Sale In August
The Nigerian National Petroleum Corporation (NNPC) has said it recorded $470 million crude oil and gas export sale in August 2018, indicating...
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1.4KStudy Shows How Weak Ethical Framework Supports Corruption In Nigeria
Efforts at fighting corruption in Nigeria has had limited success due to the absence of strong ethical frameworks at all levels of...
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1.2K2Nigeria Produced 280.35bcf Of Natural Gas In July, Report Shows
A total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily production...