• 23 mins WTI At 7-Month High On Supply Optimism, Kurdistan Referendum
  • 7 hours Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil
  • 12 hours Petrobras Creditors Agree To $6.22 Billion Debt Swap
  • 16 hours Cracks Emerge In OPEC-Russia Oil Output Cut Pact
  • 20 hours Iran Calls On OPEC To Sway Libya, Nigeria To Join Cut
  • 21 hours Chevron To Invest $4B In Permian Production
  • 23 hours U.S.-Backed Forces Retake Syrian Conoco Gas Plant From ISIS
  • 1 day Iraq Says Shell May Not Quit Majnoon Oilfield
  • 3 days Nigerian Oil Output Below 1.8 Million BPD Quota
  • 4 days Colorado Landfills Contain Radioactive Substances From Oil Sector
  • 4 days Phillips 66 Partners To Buy Phillips 66 Assets In $2.4B Deal
  • 4 days Japan Court Slams Tepco With Fukushima Damages Bill
  • 4 days Oil Spills From Pipeline After Syria Army Retakes Oil Field From ISIS
  • 4 days Total Joins Chevron In Gulf Of Mexico Development
  • 4 days Goldman Chief Urges Riyadh To Get Vision 2030 Going
  • 4 days OPEC Talks End Without Recommendation On Output Cut Extension
  • 4 days Jamaican Refinery Expansion Stalls Due To Venezuela’s Financial Woes
  • 4 days India In Talks to Acquire 20 Percent Of UAE Oilfield
  • 5 days The Real Cause Of Peak Gasoline Demand
  • 5 days Hundreds Of Vertical Oil Wells Damaged By Horizontal Fracking
  • 5 days Oil Exempt In Fresh Sanctions On North Korea
  • 5 days Sudan, South Sudan Sign Deal To Boost Oil Output
  • 5 days Peruvian Villagers Shut Down 50 Oil Wells In Protest
  • 5 days Bay Area Sues Big Oil For Billions
  • 5 days Lukoil Looks To Sell Italian Refinery As Crimea Sanctions Intensify
  • 5 days Kurdistan’s Biggest Source Of Oil Funds
  • 6 days Oil Prices On Track For Largest Q3 Gain Since 2004
  • 6 days Reliance Plans To Boost Capacity Of World’s Biggest Oil Refinery
  • 6 days Saudi Aramco May Unveil Financials In Early 2018
  • 6 days Has The EIA Been Overestimating Oil Production?
  • 6 days Taiwan Cuts Off Fossil Fuels To North Korea
  • 6 days Clash In Oil-Rich South Sudan Region Kills At Least 25
  • 6 days Lebanon Passes Oil Taxation Law Ahead Of First Licensing Auction
  • 7 days India’s Oil Majors To Lift Borrowing To Cover Dividends, Capex
  • 7 days Gulf Keystone Plans Further Oil Output Increase In Kurdistan
  • 7 days Venezuela’s Crisis Deepens As Hurricane Approaches
  • 7 days Tension Rises In Oil-Rich Kurdistan
  • 7 days Petrobras To Issue $2B New Bonds, Exchange Shorter-Term Debt
  • 7 days Kuwait Faces New Oil Leak Near Ras al-Zour
  • 8 days Sonatrach Aims To Reform Algiers Energy Laws
Trouble Is Brewing In Kurdistan

Trouble Is Brewing In Kurdistan

Next week the Kurdish dream…

Unusual Ruling Could Impact Cheap Solar Panel Imports

Unusual Ruling Could Impact Cheap Solar Panel Imports

The U.S. International Trade Commission…

Nigeria Arrests Mastermind Of Agip Oil Pipeline Bombing

The Nigerian military has apprehended the mastermind of the Agip oil pipeline bombings that lost Italian Eni thousands of barrels of oil that have spilled into waterways and fishing grounds.

Prince Alvin Cockman Oygun (AKA Commander Abula) was apprehended by military authorities shortly after the launch of a string of attacks on the pipeline earlier this month, but the government of Nigeria withheld this information.

Eni is in charge of oil operations in Bayelsa State, and the attacks resulted in the loss of 16,000 barrels of oil equivalent daily.

The Agip pipeline bombings were the second major attack on the OPEC member’s installations since an arrest warrant was issued this month for former militant leader Government Ekpemupolo, AKA Tompolo.

Related: Why Today’s Oil Bust Pales In Comparison To The 80’s

Ekpemupolo, formerly high-profile leaders of the Movement for the Emancipation of the Niger Delta (MEND), is wanted by Nigerian authorities for money laundering and the illegal diversion of more than $200 million.

Also this month, Nigeria’s state oil company was forced to shut down its Kaduna and Port Harcourt refineries following an attack on pipelines bringing crude to the plants.

The Niger Delta was previously home to an insurgency by local militants who wanted a greater share of the region’s oil wealth. A 2009 amnesty deal that saw the government provide the militants job training and monthly cash stipends is credited with quelling the violence.

Related: The Hidden Agenda Behind Saudi Arabia’s Market Share Strategy

Following the amnesty, many former leaders enriched themselves through lucrative pipeline protection contracts under previous president Goodluck Jonathan. With a new president now at the helm in Nigeria, a massive anti-corruption campaign is hitting hard at these earlier relations, and retribution attacks are expected to continue.

The most recent attack is the fifth on an oil installation in the Niger Delta since the beginning of this year, sparking fears that the insurgency is being revived in earnest.

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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