Extractive 360
NEWS
-
885Senate Passes Harmonised PIGB, To Transmit For Presidential Assent
The Senate has passed the Conference Committee Report on the harmonised Petroleum Industry Governance Bill (PIGB). The bill was passed during plenary...
-
1.0KBrent Futures Rises Above $70 Per Barrel On Middle East Tension
Oil prices rose on Monday with international Brent crude futures opening above $70 per barrel for the first time since January. Prices...
-
941OPEC Supply Cut Compliance Hits Record
Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast,...
-
878FG Threatens To Withhold States’ 13% Derivation Revenue
The Ministry of Mines and Steel Development said that any state government that bans miners from operating in its jurisdiction could lose...
-
1.1KPIGB Crucial For Nigeria’s Competitiveness In Current Low Oil Price World – Kachikwu
To survive in the modern low oil price world, the passage and assent to the Petroleum Industry Governance Bill (PIGB) is critical,...
-
293.8K90EITI Moves Towards Online Transparency
The Extractive Industries Transparency Initiative (EITI) has commenced moves towards online transparency, setting 2018 as target year for achieving this. The Executive...
-
4.3K8Mainstream Energy Lose N6.4bn To Un-utilised Capacity, But Optimistic Of Reversal With Eligible Customer Policy
While Nigerians lament over poor power supply and blame the government as such, new facts have emerged that the major problem with...
-
2.6K2Zungeru: First Fire Evacuating 175mw To Grid Expected By Dec. 2019
Authorities have reliably informed that first fire from one turbine unit at the 700 megawatts (mw) Zungeru hydroelectric power plant, will be...
-
1.2K
OPEC: Rival Oil Supply Surge Countering Cuts
The Organisation of Petroleum Exporting Countries (OPEC), Wednesday, raised its forecast for non-member oil supply this year to almost double the growth predicted four months ago as...
-
827Eni Sells 10% Of Offshore Field For $934M
Eni says it is selling a 10 percent stake in the Shorouk concession in Egypt’s giant Zohr gas field to Mubadala Petroleum...