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21 Nov 2019 Nigeria's relationship with the international oil companies has been strained for more than half a century. The government has struggled to pay for  25 Feb 2020 China National Offshore Oil Corporation and Schlumberger (SLB) are examples of large companies that focus on upstream services. Many of  16 Jul 2018 The management of China National Offshore Oil Corporation (CNOOC ) has expressed its readiness to invest additional $3bn in Nigeria's oil 

A low price forecast for 2020 is expected to make the natural gas production decrease creating an upward price pressure in 2021, which, however, will be limited by contracting demand. Looking into 2024, IMF forecasts Henry Hub price to increase to $2.65 per MMBtu while the World Bank gives a more optimistic projection of $3.16 per MMBtu.

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