• 15 hours U.S. Oil Production To Increase in November As Rig Count Falls
  • 17 hours Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 19 hours Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 20 hours EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 22 hours Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 23 hours Aramco Says No Plans To Shelve IPO
  • 3 days Trump Passes Iran Nuclear Deal Back to Congress
  • 4 days Texas Shutters More Coal-Fired Plants
  • 4 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 4 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 4 days Chevron Quits Australian Deepwater Oil Exploration
  • 4 days Europe Braces For End Of Iran Nuclear Deal
  • 4 days Renewable Energy Startup Powering Native American Protest Camp
  • 5 days Husky Energy Set To Restart Pipeline
  • 5 days Russia, Morocco Sign String Of Energy And Military Deals
  • 5 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 5 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 5 days India Needs Help To Boost Oil Production
  • 5 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 5 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 5 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 5 days District Judge Rules Dakota Access Can Continue Operating
  • 6 days Surprise Oil Inventory Build Shocks Markets
  • 6 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 6 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 6 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 6 days Oil M&A Deals Set To Rise
  • 6 days South Sudan Tightens Oil Industry Security
  • 7 days Over 1 Million Bpd Remain Offline In Gulf Of Mexico
  • 7 days Turkmenistan To Spend $93-Billion On Oil And Gas Sector
  • 7 days Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
  • 7 days Record U.S. Crude Exports Squeeze North Sea Oil
  • 7 days Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan
  • 7 days Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says
  • 7 days Saudi Arabia Ups November Oil Exports To 7-Million Bpd
  • 7 days Niger Delta State Looks To Break Free From Oil
  • 7 days Brazilian Conglomerate To Expand Into Renewables
  • 8 days Kurdish Independence Could Spark Civil War
  • 8 days Chevron, Total Waiting In The Wings As Shell Mulls Majnoon Exit
  • 8 days The Capital Of Coal Is Looking For Other Options
Alt Text

Who Gets Control Of Libya’s Oil As The Guns Go Silent?

The Libyan National Oil Corporation…

Alt Text

Libyan Oil May Be Slipping Out Of Putin’s Reach

Last Friday, the Benghazi Defense…

Lincoln Brown

Lincoln Brown

Lincoln Brown is the former News and Program Director for KVEL radio in Vernal, Utah. He hosted “The Lincoln Brown Show” and was penned a…

More Info

Nigeria Prepared To Negotiate With Niger Delta Avengers

Pipeline Burning Nigeria

After a string of attacks on Nigeria’s oil infrastructure, its government plans to open talks with the newly formed militant group, the Niger Delta Avengers (NDA).

As the group continues to take key oil and gas installations out of commission in the oil-rich Niger Delta region, Nigeria’s president, Muhammadu Buhari reportedly has appointed a team to begin a dialogue with “everyone involved” in the situation.

Additionally, the country’s oil minister, Emmanuel Ibe Kachikwu said that the military would scale back the hunt for the militants in the south, the source of much of the country’s oil. Related: Irish Oil And Gas Licensing Round Dominated By Juniors

The Niger Delta Avengers have threatened to reduce the nation’s oil output to zero, and on 3 June, the group blew up a pipeline operated by Eni, and set off explosions on pipelines belonging Shell Petroleum Company of Nigeria.

The group is demanding that all international companies leave the region and hand over full control of the oil resources in the delta.

In this revival of Niger Delta militancy, the NDA replaces the earlier Movement for the Emancipation of the Niger Delta (MEND), which launched attacks on the oil infrastructure in the 2000s. Those attacks ceased when the government offered amnesty and cash to members of the movement. Related: Oil Prices Stimulated By Fed’s Inaction

On a related note, the Nigerian government has also offered to improve the business climate to benefit its people.

Earlier this year, Niger Delta Avengers promised to make oil companies suffer as “you have made the people of the Niger Delta suffer over the years from environmental degradation and environment pollution."

The group alleges that the president favors oil interests over those of the people in the area. The vice president of the country stated that the administration will “work to ensure that the man on the street in the Niger Delta receives the benefit from all that is available there."

According to UPI, the World Bank estimates that 70 percent of the government revenue in Nigeria comes from oil.

By Lincoln Brown for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment
  • Kr55 on June 07 2016 said:
    Wonder what they will offer. The last penny the country has in their coffers? Maybe some printed money that will be completely worthless? Maybe sign over a chunk of the countries oil production so Nigeria has even less revenue and can fall further into chaos.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News