Browsing: International Oil Companies
Compensation Plans for Oil Cut: OPEC+ sets Deadline for Nigeria, Others. For failure to comply fully with oil output cut, the Organisation of Petroleum Exporting Countries (OPEC+) has set June 22 as deadline for non-compliant member on the oil output cut to submit their compensation plans.
NNPC Sets Crude Oil Production Cost of $10 Per Barrel. The Nigerian National Petroleum Corporation (NNPC) says it has set crude oil production of $10 per barrel for 2021. The Group Managing Director, Malam Melem Kyari, made the disclosure when he featured as a guest on a live Television programme on Thursday.
OPEC+ set for talks on extending oil reduction deal. The Organisation of the Petroleum Exporting Countries (OPEC) and allied oil producers are scheduled to conduct negotiations on Saturday, Russia’s Energy Ministry and sources in Vienna said.
Nigeria’s Oil Supply Quota Caps at 1.41 Million Barrels Per Day. As per efforts to reflate, stabilise global prices of oil, Nigeria is expected to slash daily oil supply to 1.41 million barrels per day (MMbpd) base on quota from the Organisation for Petroleum Exporting Countries.
Shell cuts dividend first time in 80 years as Oil collapse