Without Reforms, Nigeria's Oil Output Could Decline By 35%   Cost increases and uncertainty in Nigeria’s crucial energy sector could lead to a 35per cent decline in oil output over 10 years as companies delay investments in key oilfields, consultancy Wood Mackenzie said in a new...

Oil Firms May Stake $30bn On Exploration This Year   Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip by as much as 15 per cent.The revelation contained in a forecast released yesterday, by a...

Oil and Gas: Nigeria, Others To Expend $105b On Decommissioning Nigeria and other oil producing countries across the world will expend about $105b on decommissioning in the next 10 years. According to a recent report release by Wood Mackenzie otherwise called WoodMac, between 2018 and 2022,...