By Davidson Iriekpen in Lagos and Chineme Okafor in Abuja with agency report Norwegian oil firm, Statoil, has lost an arbitration dispute to the tune of $1.1 billion against its partners, including
Oil majors reverse decade of stalled growth to beat supply crunch fears
Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin/File Photo Oil majors