The Nigerian National Petroleum Corporation (NNPC) has claimed the country’s crude oil and gas reserves are declining at a fast pace. The organisation’s managing director, Maikanti Baru, saidNNPC was ready to cooperate with stakeholders and exploration companies to increase Nigeria’s reserves and productivity in the petroleum sector. More from IBTimes UK Revealed: Five most dangerous […]
BHP Billiton sees oil and gas markets rebounding faster than its mined commodities as it considers potential acquisitions and weighs as much as US$5 billion in project spending. The world’s biggest miner, which booked writedowns of $7.2bn against its US shale unit earlier this year, said recovering oil prices and efforts to lower costs are […]