Nigeria is the most vulnerable country with the least capacity to spare as crude demand declines and supplies build up, according to a new assessment of oil markets by IHS Markit
As the oil and gas sector comes to terms with decade-low oil prices and global disruptions caused by the coronavirus (COVID-19), company costs and investments are being slashed with more than US$50bn pledged to date and more on the horizon, according to GlobalData
Energy research firm Rystad Energy stated that the delayed shutdown of the Forties Pipeline System could increase North Sea production to around three million barrels per day (bpd)
Nigerian government is reviewing the act establishing oil and gas free zones authority (OGFZA) to remove ambiguities and enhance effectiveness
Nigerian National Petroleum Corporation (NNPC), Nigeria’s national oil company, achieved a trading surplus of 34 per cent increase from November 2019
