Super majors spent more than $120 billion globally in 2013 to boost oil and gas output, but production is declining. With release of earnings which show declining profits, the management of the oil firms are having a hard time justifying massive spend in their quest to boost production output.
Shel
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FRANK UZUEGBUNAM
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
