Extractive 360
NEWS
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958BP Starts Up Gas Field Offshore Egypt At 33% Below Initial Cost Estimate
BP has started gas production from the Atoll Phase One project in the North Damietta offshore concession in the East Nile Delta....
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1.1KClimate Change: NNPC, Kogi Sign Deal To Produce 84m Litres of Bio-fuel Annually
The Nigerian National Petroleum Corporation (NNPC) and the Kogi State government Tuesday executed a Memorandum of Understanding for the development of fuel-ethanol...
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9172Oil Price Hits 3week High On Strong Demand, Saudi Comments
Oil rose on Monday, hitting three-week highs, supported by strong U.S. demand and comments from Saudi Arabia that it would continue to...
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1.1K
Oil Falls As Stronger Dollar Eclipses U.S. Inventory Drop
Oil prices fell on Thursday, dragged lower by a firmer dollar that offset support from a surprise decline in U.S. crude inventories....
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733IEA Warns Of New Oil Glut
The global oil market could slip into deeper oversupply on the back of non-OPEC production growth led by the United States, the...
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1.0KFederation Disbursements Increased To N6.41tn In 2017 On Rising Crude Prices
…What each state got Rising oil prices and improved crude production have been cited as the major contributory factors, as the Federation...
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857Nigeria Govt. To Bar Oil Majors From 100% Crude Export
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday said multinational oil firms would, in a matter of time,...
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884Board Earmarks $200m Fund To Boost Nigerians Participation In Oil Sector
The Nigerian Content Development and Monitoring Board (NCDMB) says it is setting aside a $200 million intervention fund to boost indigenous participation in...
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779Nigeria Ready To Provide Leadership For Africa In Oil Sector, Says President
Nigeria, Africa’s biggest crude producer, is open to investments and ready to provide leadership for the continent in oil and gas, President...
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1.0KNNPC Advocates Closer Ties Among African Countries To Leapfrog Continent’s Economy
The Nigerian National Petroleum Corporation (NNPC) has called for closer collaboration among African nations not only in oil and gas but across...