Nigeria – Page 5 – Extractive 360

Complete Harmonised Version Of The Petroleum Industry Governance Bill (PIGB) 2018

AN ACT TO PROVIDE FOR THE GOVERNANCE AND INSTITUTIONAL FRAMEWORK FOR THE PETROLEUM INDUSTRY AND FOR OTHER RELATED MATTERS Harmonised-Clean-Copy-of-Petroleum-Industry-and-Governance-Bill-2018 (2)...

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Nigeria Approves Stiffer Gas Flare Regulation, Raise Penalty To $2/1000scf

Nigeria has announced stiffer regulations aimed at tackling gas flare menace and raised the penalty for gas flaring from N10 to $2...

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Nigeria Records 20 Unsold Crude Cargoes As Trade Slows

Nigerian crude market is still stuck with an overhang of close to 20 unsold cargoes from the 58-strong October loading programme. International...

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FEATURES

What Oil At $100/b Would Mean For the Global Economy

Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners...

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Global Oil Production Hits New Record

The world’s supply of oil hit a record last month, yet another sign of oil’s dominance over the energy landscape. The International...

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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...

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OPEC Lowers Global Oil Demand Growth To 1.64mbpd

OPEC in its latest monthly report, lowered its global oil-demand growth estimate by 20,000 bpd, to 1.64 million bpd this year. This...

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Canadian Firm Secures Financing For Offshore Nigeria Lease

Shoreline Canadian Overseas Petroleum Development Corp. (ShoreCan) has negotiated finance of between $30 million and $50 million for investment in its 80percent...

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