Extractive 360
All posts tagged "oil and gas"
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107INTERNATIONAL NEWSSaudi Aramco’s Q1 Profit Falls 19% to $31.9 billion
Saudi oil giant Aramco has posted first-quarter net profit of 119.54 billion riyals ($31.88 billion), a fall of about 19% from the...
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84NEWSFG Exploring Alternative Funding Model For Oil, Gas Industry Development – NUPRC
The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of...
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304NEWSTotalEnergies To Stop Routine Gas Flaring 2023 – Official
The TotalEnergies E&P Nigeria says it will stop routine gas flaring in 2023 to actualise energy security and sufficiency. Mr Victor Bandele,...
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244NEWSAgencies Sign MoU On Biotechnology Deployment In Petroleum Industry
The National Biotechnology Development Agency (NABDA), Rahad Global Investment Ltd and NNPC Energy Services Ltd on Thursday signed a tripartite Memorandum of...
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357INTERNATIONAL NEWSInvestors Pull Cash From Oil Despite OPEC Cuts As Demand Fear Lingers
One oil exchange-traded fund saw its largest one-day outflow in more than three years, a possible sign that some investors remain concerned...
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216INTERNATIONAL NEWSOil Falls As US Dollar Rises
Oil fell in a low-volume session, unable to withstand a rising US dollar while investors waited for upcoming supply constraints to hit...
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213NEWSChad Nationalises ExxonMobil’s Oil And Gas Assets
Chad has nationalised all the oil and gas assets, including hydrocarbon permits, that were owned by Exxon Mobil’s subsidiary, reported Reuters citing Central African...
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210INTERNATIONAL NEWSSaudi Oil Giant, Aramco Posts Record $161bn Profit For 2022
Saudi Aramco has reported a record $161bn (£134bn) profit for 2022, the largest annual profit ever recorded by an oil and gas...
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183NEWSGlobal Upstream Spending To Rise 10-15% In 2023
Aggregate global upstream spending will rise sequentially in 2023, by about 10-15%, while overall spending will still fall below 2016-19 levels, Moody’s...
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256NEWSUNGA77: Port Harcourt Refinery To Produce 60,000 Barrels/Day Soon – Minister
The Minister of State for Petroleum Resources, Timipre Sylva, has assured Nigerians that rehabilitation of the Port Harcourt refinery would soon be...