Extractive 360
NEWS
-
971Nigeria: Oil Theft Losses Far Outweighs Combined 2018 Health, Education Budgets
Nigeria lost about N3.8 trillion to crude theft and other related infractions in 2016 a report by the Nigeria Natural Resource Charter...
-
1.0KCanadian Firm Secures Financing For Offshore Nigeria Lease
Shoreline Canadian Overseas Petroleum Development Corp. (ShoreCan) has negotiated finance of between $30 million and $50 million for investment in its 80percent...
-
752Oil Prices Pare Gains After Earlier Rise On Saudi Shipment
Oil prices traded broadly unchanged on Thursday after an announcement that Saudi Arabia would suspend some oil shipping in the Red Sea...
-
791ConocoPhillips Reports Better Profits, Boosts 2018 Budget
U.S. oil and gas producer ConocoPhillips reported better-than-expected quarterly profit on Thursday and boosted its capital budget and production target for 2018...
-
653Violating OPEC Cut Agreement Will Harm Organization’s Dignity, Says Zanganeh
Iranian Minister of Petroleum, Bijan Zanganeh, says violation of output cut plan by some Organisation of Petroleum Exporting Countries (OPEC) members would...
-
1.1KGhana Heads For Gas Sufficiency As Eni Delivers First Gas From OCTP
Eni has started producing gas from the Sankofa field in the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore...
-
1.3KGas Reserves: Nigeria Can Become World’s 3rd Largest With PIB Passage
Nigeria, presently the world’s ninth largest proven gas reserves country, can easily become third if the ongoing oil sector reform laws, the...
-
815Nigerians To Own Shares In National Oil Coy When PIGB Becomes Law
Nigerians will stand the epic opportunity to own shares in the national oil company after the Petroleum Industry Governance Bill (PIGB) is...
-
899How Nigeria Can Reverse Prolonged Production Shut-ins With PIBs Passage
Mr. Osten Olorunsola, a former Director of the Department of Petroleum Resources (DPR) Tuesday, disclosed that crude oil fields in the country...
-
849China Offshore Coy To Raise Nigerian Stake To Over $17bn
China’s National Offshore Oil Corporation (CNOOC) says it is investing additional $3 billion in its existing stakes in offshore oil and gas...