Extractive 360
NEWS
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1.2KPetrol Subsidy: Nigerian Govt Owe Oil Marketers N130bn Arrears
The Nigerian government presently owes oil marketers an arrears of N130.7 billion covering a four year period the group has said. Chairman...
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792Nigeria Pushing The Frontiers For Mining Sector Devt, Minister Says
The Minister of State for Mines and Steel Development, Abubakar Bawa Bwari, says Nigeria is aggressively pushing the frontiers for the development...
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769Nigeria To Sell Ajaokuta Steel Company, Other Assets To Fund 2018 Budget
The Federal Government is ready to offer more of its assets for sale soon, under the ongoing privatisation programme aimed at raising...
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770IEA Urges OPEC To Boost Output As Oil Market Enters ‘Red Zone’
The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that high prices...
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1.3KTotal Set To Acquire Entire Chevron Share Capital
Total will acquire the entire share capital of Chevron Denmark, pending regulatory and partner approvals, according to Offshore reports. The associated assets...
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662Don’t Delay Reforms Over High Oil Prices, IMF Warns Nigeria
The International Monetary Fund (IMF) has warned Nigeria and other oil exporting nations in dire need of structural reforms not to be...
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1.0K1IEA: Petrochemicals For Plastics To Drive Global Oil Demand Ahead Of Cars, Trucks
Petrochemicals, used in plastics, fertilizers and clothing, will account for more than one-third of the growth in world oil demand by 2030,...
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930Nigeria Records $416m Oil, Gas Sales In June
Nigeria’s total crude oil and gas export sales were up 35.78 percent in June, 2018, at a total of $416.07 million Details...
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1.2KNigeria Approves Stiffer Gas Flare Regulation, Raise Penalty To $2/1000scf
Nigeria has announced stiffer regulations aimed at tackling gas flare menace and raised the penalty for gas flaring from N10 to $2...
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920Nigeria Records 20 Unsold Crude Cargoes As Trade Slows
Nigerian crude market is still stuck with an overhang of close to 20 unsold cargoes from the 58-strong October loading programme. International...