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New Year's resolution, OPEC-style: MENA upstream month in brief
OPEC agreed to cut production by 1.2 million b/d which represents a major policy shift. This means a production cut of 4.5% for most, but not all, ...
Nigeria Briefing 2024: How will Major divestments reshape the petroleum industry?
On 7 March 2024, Wood Mackenzie hosted our sixth Nigeria Energy Briefing in Lagos. The event was attended by government, IOCs, indigenous operators...
Nigeria oil & gas briefing 2017: is Nigeria’s petroleum sector back on track for growth?
On 25 May 2017, Wood Mackenzie hosted our 3rd edition of the Nigeria Oil & Gas Briefing in Lagos. The event was attended by IOCs, indigenous oil co...
Nigeria’s president signs the Petroleum Industry Bill into law
On 16 August 2021, President Buhari signed the Petroleum Industry Bill, following its passage through the National Assembly one month ago. Reformin...
Non-OPEC decline rates: lower for longer
Decline rates are a critical factor influencing the oil market and price recovery. Investment cuts at producing fields and a reduced pipeline of ne...
Labour's UK tax plan risks wiping out North Sea investment
The UK Labour party’s plan to increase the government share of North Sea profits has been greeted with alarm from the industry. Operators have warn...
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