Price Crash: NNPC Targets $10 Oil Production Cost   The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group Managing Director of the NNPC,...

Price Crash Delays Oil Bid Rounds, Upstream Projects   Nigeria will not hold bidding rounds for major oilfields until crude prices recover, and some upstream projects will be completed much later than originally planned, officials said in a web conference yesterday. Oil prices also rose yesterday as...