The company is also expected to write down up to $2.3billion in the fourth quarter as it had been forced to shrink estimates for sector values, due to a weaker economic outlook. It would maintain spending on the lower end of forecasts amid slowing demand for oil and gas. #SHELL #CHEVRON
Nigeria's Justice Minister, Abubakar Malami, disclosed over the weekend that negotiations had begun towards a possible resolution.
About $62 billion is expected by Nigeria from the major international oil companies operating in the country.
