Extractive 360
NEWS
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991Oil Rises As U.S., China Agree To Drop Tariff Threats
Oil rose on Monday, supported by a rally across stocks and other commodities, after the United States said it had put a...
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761Oil Prices Hit $80, Highest Since 2014
Oil prices climbed above $80 a barrel Thursday, as US decision to reinstate sanctions on Iran extended a rally that has pushed...
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920Nigeria Raise Oil Benchmark To $51, Passes N9.12trn 2018 Budget
The National Assembly Wednesday passed a N9,120, 334, 977, 225, 2018 Appropriation Bill, an increase of N508 billion over the N8.612 trillion...
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3.7K14Shell Shuts Down Trans Forcados Pipeline Over Leak
Shell’s Nigerian subsidiary has shut its Trans Forcados crude oil export pipeline in Nigeria due to a leak, the company said in a...
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925PIB: NNPC Recommends Split of Petroleum Licences
The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components for prospecting and production phases under...
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961ALE Completes Module Lifts For Egina FPSO
ALE claims to have performed the heaviest ever land-based crane lift using a jib while working on Total’s FPSO Egina module integration...
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792OPEC Sees Oil Rally Towards $80 As Short-term Spike, Not Supply-driven
OPEC sees oil’s rally towards $80 a barrel as a short-term spike driven by geopolitics rather than any supply shortage, four OPEC...
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1.0KSubsea 7 Awarded Contract Offshore Nigeria
Subsea 7 says it has won a “substantial” contract from Mobil Producing Nigeria Unlimited (MPN) for the Production Uplift Pipeline Projects (PUPP) in...
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704
Oil Holds Gains As Markets Tighten Amid OPEC Cuts, Iran Sanctions
Oil prices held firm on Tuesday as ongoing production cuts by OPEC and looming U.S. sanctions against Iran tightened the market amid...
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925NNPC Crude Marketing Chief, Appointed Nigeria’s OPEC Rep
The Nigerian National Petroleum Corporation (NNPC) has announced the appointment of Mr. Mele Kyari, incumbent Group General Manager in charge of its...