Extractive 360

Nigeria’s Refining Capacity To Hit 645,000bpd As 200,000bpd Refineries Planned

Nigeria’s state oil firm Tuesday said it will establish two condensate refineries with a total refining capacity of 200,000 barrels per day....

South Sudan’s Oil Output To Hit 210,000 bpd By End 2018

South Sudan has resumed pumping 20,000 barrels per day (bpd) of crude oil from the Toma South oilfield, where production had been suspended...

Saudi Aramco Loses Exclusive Rights To Saudi Arabia’s Oil

Saudi Arabia has cut the length of time that its state energy company has exclusive rights to the kingdom’s vast oil and...

OPEC/non-OPEC Coalition Sets Extra Meeting Over Production Rift

The monitoring committee set up by OPEC and non-OPEC producers is already set to meet in Algiers on September 23, but they...

Hansa Delivers Carousel For Total’s Egina Field Devt

Hansa Heavy Lift has transported a carousel with eight reels weighing a total of 3,508.7 metric tons (3,867 tons) from Newcastle, northeast...

Easing Trade Tensions, Weak Dollar Supports Spike In Oil Price

Some easing in multilateral trade tensions, pending strikes in the North Sea and a weaker U.S. dollar added up for a spike...

OPEC 15-Member Countries Earn $417bn In 7months – Report

According to a fact sheet report published by the US Energy Information Administration (EIA), the 15-member OPEC countries earned a total of...

Russia Approves Offshore Route For Nord Stream 2

Nord Stream 2 AG has secured permission to install an underwater pipeline for the Nord Stream 2 gas project in Russia’s territorial waters, amid...

Photo News

Shell Says 95% Oil Recovered From Nigeria Spill Incidents

Oil giant, Shell Petroleum Development Company (SPDC) Nigeria says it has recovered more than 95 percent of the oil from two spills...