Shell Oil Output Drops, Plans 9,000 Job Cuts       Shell said on Wednesday that volumes of both Liquefied Natural Gas and crude production were down in the third quarter. The oil major disclosed this in an update to the market, which also detailed plans to cut up...

Nigeria, Others Cut Oil Output To 30-year Low     Nigeria and other members of the Organisation of Petroleum Exporting Countries slashed their combined crude output in June to a three-decade low, according to an S&P Global Platts survey. The 13-member group pumped 22.31 million barrels per day,...

OPEC: Nigeria Records Largest Oil Output Drop In December   Nigeria, Africa’s top oil producer, recorded the largest production drop of 80,000 barrels per day in the Organisation of Petroleum Exporting Countries last month. The country exported less crude oil in December, according to ship-tracking data and...

OPEC Oil Output Hits Lowest Level In 8 Years   Crude oil production by members of the Organisation of Petroleum Exporting Countries hit an eight-year low in July as a further voluntary cut by Saudi Arabia deepened losses caused by United States’ sanctions on Iran and...

OPEC May Shift Forward Oil Output Decision Till June The Organization of the Petroleum Exporting Countries (OPEC) will likely wait until June to decide how to proceed with the production cuts as the initially set date for review, April, could be too soon to assess...

DPR Urged To Conduct Bid Rounds Every Two Years To Stabilise Oil Output   The Department of Petroleum Resources (DPR) has been urged to undertake bid rounds for oil acreages in Nigeria at least once in every two years to help raise and keep production of...