Extractive 360
NEWS
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796IEA: Oil May Break Above $80 As Iran, Venezuela Losses Deepen
The International Energy Agency (IEA) has said that oil prices could break out above $80 a barrel unless other producers act to...
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811OPEC Forecast Lower 2019 Oil Demand Growth, Warns On Economy
OPEC on Wednesday further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was...
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1.4KEgina FPSO To Be Connected To 44 Subsea Wells
Total’s $3.3 billion Egina floating production storage and offloading (FPSO), will be connected to 44 subsea wells at the Egina oil field is...
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1.1KNNPC, CNOOC Seal Deal On Oilfield Services, Others
The Nigerian National Petroleum Corporation (NNPC) and China National Offshore Oil Corporation (CNOOC) have signed agreements to develo Nigeria’s oilfield services as...
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900Oil Demand To Hit 100mn bpd Sooner Than Projected: OPEC’s Barkindo
World oil consumption will reach 100 million barrels per day (bpd) later this year, hitting that level much sooner than previously forecast,...
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806Equatorial Guinea Launches New Bid Round January As Uncertainty Plagues Nigeria
Equatorial Guinea will launch a new oil and gas exploration bidding round early next year and may refuse extensions of existing licenses...
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765Blockade At ExxonMobil Facilities Threaten Oil Output
Oil giant ExxonMobil has lamented the continued blockade around its facilities in Nigeria by its former employees. ExxonMobil which said in a...
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860Mining Sector Needs More Financing To Attract Investors, Minister Says
Minister of State for Mines and Steel Development, Mr Abubakar Bwari, has appealed to Nigerian banks to consider more investment in the...
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859Clean Energy: NNPC Plans Solar Power For Retail Outlets
…Targets 10 biofuel complexes nationwide The Nigerian National Petroleum Corporation (NNPC) has disclosed plans to power all its retail outlets by means...
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1.5K
Total’s Egina FPSO To Boost Nigeria’s Oil Output By 10%
Nigeria’s oil output is expected to get a 10percent boost with an additional 200,000 barrels per day (bpd) as Total’s $16 billion...