• 2 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 2 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 2 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 2 days Schlumberger Warns Of Moderating Investment In North America
  • 2 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 2 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 3 days New Video Game Targets Oil Infrastructure
  • 3 days Shell Restarts Bonny Light Exports
  • 3 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 3 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 3 days British Utility Companies Brace For Major Reforms
  • 3 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 3 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 3 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 3 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 3 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 4 days Rosneft Signs $400M Deal With Kurdistan
  • 4 days Kinder Morgan Warns About Trans Mountain Delays
  • 4 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 4 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 4 days Russia, Saudis Team Up To Boost Fracking Tech
  • 5 days Conflicting News Spurs Doubt On Aramco IPO
  • 5 days Exxon Starts Production At New Refinery In Texas
  • 5 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 5 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 5 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 5 days China To Take 5% Of Rosneft’s Output In New Deal
  • 5 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 5 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 6 days VW Fails To Secure Critical Commodity For EVs
  • 6 days Enbridge Pipeline Expansion Finally Approved
  • 6 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 6 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 6 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 6 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 7 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 7 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 7 days Aramco Says No Plans To Shelve IPO
Alt Text

Trump’s Iran Decision Haunts Big Oil

Donald Trump’s Iran decision has…

Alt Text

Is The Bakken Profitable At $50 Oil?

The Bakken remains the second…

Niger Delta Avengers Reject Talks; Blow Up Another Chevron Well

Chevron well bombing

The Niger Delta Avengers (NDA) strike again.

The Nigerian government said that it would scale back its military campaign against the Avengers and push for negotiations after a flurry of attacks against oil infrastructure and pipelines. The Avengers have knocked off somewhere between 600,000 and 1 million barrels per day of oil production, taking Nigeria’s oil production to its lowest level in more than two decades. The Niger Delta Avengers are seeking to take the country’s oil production down to “zero” in an effort to achieve its goals, which include control of oil in the Delta and “to liberate the Niger Delta people.” The shocking effectiveness from the group has the Nigerian government scrambling, desperate for any sort of solution. Nigeria is facing an economic crisis, and the oil disruptions are exacerbating the problem.

"I want to call on the militants to sheath their weapons and embrace dialogue with government," oil minister Emmanuel Ibe Kachikwu said on Monday. "Probably we will suspend the operations of the military in the region for a week or two for individuals in the creeks to converge for the dialogue," he said.

But the Niger Delta Avengers quickly rejected the government’s request for talks. On Wednesday, the Avengers said they aren’t interested in talks and they also said that they had carried out another attack on a Chevron oil well. Related: Why Did Natural Gas Prices Just Rise 25% In Two Weeks?

The attacks have become so frequent and fierce that Royal Dutch Shell has temporarily abandoned efforts to repair a major oil pipeline that was damaged months ago. Shell’s Forcados export pipeline was attacked in February, taking the 250,000 barrel per day export terminal offline. Shell began repairs, but more attacks from the NDA last week, forcing Shell to pull out their maintenance workers.

“We cannot operate or repair if our people are threatened,” Shell’s CFO Simon Henry said in an interview in London.

Several oil export terminals are under force majeure, including the Forcados, Brass River and Bonny Light terminals.

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




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