Tag: Organisation of Petroleum Exporting Countries

Why oil theft estimates are unrealistic- Navy
Oil and Gas

OPEC cuts 2022 oil demand over economic concerns

The Organisation of Petroleum Exporting Countries has revised the demand for crude oil in 2022 downward following the concerns around global economic growth. OPEC’s Secretary-General, Sanusi Barkindo, announced this at the 62nd Meeting of the Joint Technical Committee via videoconference. He also stated that the loss of crude oil and other liquids exports of more […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Oil and Gas

Nigeria’s crude oil production rigs drop by 37.5%, says OPEC

The number of functional crude oil production rigs in Nigeria decreased by 37.5 per cent to just 10 operational rigs in March 2022, the Organisation of Petroleum Exporting Countries has said. An oil rig, offshore platform, or oil and/or gas production platform is a large structure with facilities to extract, and process petroleum and natural […]