The Secretary-General of OPEC, Dr. Mohammed Barkindo, in his remarks at the inaugural Nigerian International Petroleum Summit (NIPS), stated that countries’ compliance levels to the production cap agreement the cartel and non-OPEC members reached in 2017 and later rolled over to rebalance the oil market, recorded a collective 133% conformity in January 2018, THISDAY reports. Barkindo, who called for conducive … Read More
Kachikwu Explains Delays in FID for $13.5bn Zabazaba Oilfield Development
The Minister of State for Petroleum, Dr. Ibe Kachikwu, has explained the delays in the signing of the Final Investment Decision (FID) for the Zabazaba Deepwater Oilfield in Oil Prospecting Lease (OPL) 245, citing the need for the Nigerian Agip Exploration Limited (NAE) and Shell Petroleum Exploration and Production Company (SNEPCo) to be sure of the renewal of their oil … Read More