French oil and gas outfit, Total may downsize its workforce after the company suffered a whopping $12 billion deficit in its revenues forecast. Consequently, the company stated its plan to adopt a cost-cutting mechanism to match the deficit, while maintaining that it anticipated a $12bn
Nigeria’s oil and gas sector saw a revenue fall of 5 percent between 2013 and 2014, the Nigeria Extractive Industries Transparency Initiative (NEITI) latest report has revealed. The total revenue flow for the sector fell from $58.07 to $55.5 billion between 2013 and 2014, a decline of about 5%. However, the solid minerals sector in […]