Extractive 360
NEWS
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740Oil Price Drops 1% As U.S. Allows Iran Sanctions Waivers
Oil prices fell about 1 percent on Friday, heading for a weekly loss of over 6 percent, as investors worried about oversupply...
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1.2KNigeria Cedes 20% Of Its Petrol Import To BP
British Petroleum (BP) on Wednesday in Abuja, signed an agreement with Nigeria’s state oil firm for the supply of 20 percent of...
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1.3KNIDAS Returns To Global Oil Shipping Market, To Benefit From DSDP
The Nigerian National Petroleum Corporation (NNPC) has announced the re-entry of its subsidiary, NIDAS Shipping Services, into the international shipment of crude...
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823Production Sharing Contract: NNPC To Pay $8bn In Arbitration Claims
The Nigerian National Petroleum Corporation (NNPC) is to pay about $8 billion in arbitration claims to some of its Production Sharing Contractors...
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1.1KRussia, UAE Deepen Partnership With Nigerian State Firm For Oil, Gas Devt
The Russian Federation and the United Arab Emirates have expressed their readiness to expand their scope of partnership with the Nigerian National...
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2.5KNPDC Achieves 100% Local Content Input in Developing Gas Handling Facility
The Nigerian Petroleum Development Company (NPDC), an Upstream Subsidiary of the Nigerian National Petroleum Corporation (NNPC), has achieved a 100 percent local...
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1.0K2019: Nigeria Benchmarks Oil Price At $60/b, Propose N8.73trn Budget
Nigeria, on Wednesday approved N8.73 trillion budget proposal for the 2019 fiscal year, benchmarking oil price at $60 a barrel. Oil production...
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6.4K37Upstream Spending Must Increase To Meet Future Demand, Report Finds
Global oil and gas development spend needs to increase by around 20percent to meet future demand growth and ensure companies sustain production...
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1.0K1
Oil Falls To $76 As Worries Mount On Demand Outlook
Oil slipped to around $76 a barrel on Wednesday, paring losses after hitting its lowest since late August, pressured by concern that...
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1.2KPIGB: NASS Will Continue To Pressure Executive For Assent, Says Saraki
Nigeria’s Senate President, Dr. Bukola Saraki, on Tuesday, said the Legislature will continue to pressure the Executive to assent to the Petroleum...