Extractive 360
NEWS
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957PIB: 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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1.0KALE 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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825OPEC 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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1.1KSubsea 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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752Oil 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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968NNPC 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...
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1.2KOil Price Heads For $80 After US Withdrawal From Iran Deal
The price of crude oil has risen to an almost three-year high, following US President Donald Trump’s unilateral decision to withdraw from...
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1.2KFollow Money Trail To Determine Beneficial Owners, NNPC Advocates
…NEITI to release 2016-2017 oil, gas audits, 2012-2016 FASD reports this year The debate around Beneficial Ownership (BO) was at the...
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1.0KCBN: $36bn 5-year Fuel Import Bill Resulted In Naira Depreciation
The Central Bank of Nigeria (CBN) has indicated that Nigeria expended $36.3 billion on the importation of petroleum products over a five...
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966Oil Wobbles Near $70 Ahead Of Trump’s Decision On Iran
Oil retreated from the highest level since 2014 amid speculation that even if U.S. President Donald Trump delivers on threats to exit...