Extractive 360
NEWS
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1.2KNigeria Lost $6bn From Corrupt OPL 245 Oil Deal
A court in Milan is considering charges of corruption against Eni and Shell in a controversial oil deal that led to Nigeria...
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1.3KPower-supply Contract Secured For Port Harcourt Refinery
The Port Harcourt Refining Co. Ltd., A subsidiary of the Nigerian National Petroleum Corporation (NNPC) has secured support for uninterrupted power supply...
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766NNPC Seeks New Funding Options To Meet 40bn Barrels Reserves
The Nigerian National Petroleum Corporation (NNPC) has proffered new ways to attract more funds for operators to launch themselves into a new...
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917Ogoni Spills Cleanup Commence In 2weeks As NNPC, Shell Commit $180m
The Nigerian Government Wednesday announced that 21 firms are to mobilise to site in the next two weeks following the contribution of...
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965Earth Tremor: Nigeria Govt Commissions Control Centre
Following the recent occurrence of earth tremor and earthquake scare in Abuja, the federal government has commissioned earthquake monitoring command and control...
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1.1KIEA: Global Oil Supply Will Outpace Demand Throughout 2019
Global oil supply will outpace demand throughout 2019, the International Energy Agency (IEA) forecasted in its latest Oil Market Report. Since midyear,...
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795
Saudi 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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1.1KOPEC’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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737Oil 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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1.2KGiant, 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...