Extractive 360
NEWS
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970OPEC Secretary General Slated For Nigeria’s Maiden Petroleum Summit
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Dr. Mohammed Sanusi Barkindo, will be leading other global oil...
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1.4KErin Proves More Oil In Oyo Offshore Nigeria
Erin Energy reports that it has discovered oil in the deepwater Oyo-NW prospect offshore Nigeria. The location is 9.5 km (5.9 mi)...
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942US Transitioning To Become Net Crude Exporter By 2022
The United States, a former net crude importer, is now set to become a net exporter of crude by 2022 according to...
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947More Support Pledged For Local Content As Oil Minister Visits $3.3 Egina FSPO
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu Tuesday, officially visited the Egina Floating Production Storage Offloading (FPSO), and made a...
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941Data Indicates Largest Qua Iboe Crude Grade Production Drop
Production of Qua Iboe Crude, Nigeria’s largest crude oil stream, has dropped to its lowest level for the first time since 2010....
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1.1KGlobal Glut Feared As Oil Price Maintain Sixth Day Fall
Oil prices fell for a sixth day on Friday, with U.S. futures dropping below $60 a barrel for the first time since...
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842FG Begins Solid Minerals Export From Ikorodu Terminal
The federal government has begun the export of solid minerals from the Ikorodu Lighter Terminal, Lagos, as part of efforts to ease...
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855First Vessel Sails With Nigeria’s Bonga Crude
A cargo of crude oil has sailed from Nigeria’s Bonga terminal for the first time since mid-January as operator Shell ramps up...
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848
Oil Falls Below $65 As U.S. Output Soars
Oil prices fell to their lowest in six weeks on Thursday after data showed U.S. crude output had reached record highs and...
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868NNPC Says Two Cargoes Programmed Daily For February, As Petrol Scarcity Persist
In a bid to ensure adequate petrol supply across the country and eradicate the lingering queues, the Nigerian National Petroleum Corporation (NNPC)...