Speaking on the state of the petroleum industry, he highlighted key challenges that have discouraged exploration and production activities, contributing to a consistent drop in oil and gas output over recent years.
China’s state-run China National Offshore Oil Corporation (CNOOC) has brought onstream the first oil field in China that features low-carbon design and receives power from the shore for its operations in South China Sea.
Nigeria is withdrawing civil claims totaling $1.1 billion against energy giant Eni SpA, ending a long battle in Italian courts over allegations of corruption in an oil-field deal.