Indigenous oil companies boost production as majors retreat

Nigerian-owned oil companies are boosting their share of the country’s crude output by taking up fields in restive areas as international energy companies retreat, according to a study by Ecobank Research. For more than five decades, Royal Dutch Shell, Exxon Mobil Corporation, Chevron Corporation, Total SA and Eni SpA pumped about 97 per cent of […]

Indigenous oil companies boost production as majors retreat

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