• 5 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 3 hours $867 billion farm bill passed
  • 13 hours Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 5 hours Venezuela continues to sink in misery
  • 14 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 13 hours Has Global Peak Diesel Arrived?
  • 1 day Sleeping Hydrocarbon Giant
  • 3 hours No, The U.S. Is Not A Net Exporter Of Crude Oil
  • 1 day OPEC Cuts Deep to Save Cartel
  • 5 hours What will the future hold for nations dependent on high oil prices.
  • 5 hours Air-to-Fuels Energy and Cost Calculation
  • 1 day How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 1 day And the War on LNG is Now On
  • 1 day Could Tesla Buy GM?
Alt Text

Big Oil Doubles Down On Shale Despite Price Drop

Despite depressed crude oil prices…

Alt Text

2019: A Pivotal Year For OPEC

2019 is shaping up to…

Damir Kaletovic

Damir Kaletovic

Damir Kaletovic is an award-winning investigative journalist, documentary filmmaker and expert on Southeastern Europe whose work appears on behalf of Divergente Research.

More Info

Trending Discussions

Nigeria Rescues Oil Tanker From High-Seas Pirates

The Nigerian Navy has rescued an oil tanker from pirates near Bonny Island, even as the number of high-seas hijackers is at an 18-year low, according to the International Maritime Bureau (IMB).

Nigerian Navy Captain Sulieman Dahun said the naval forces rescued the MT Gas Providence oil tanker, which came under pirate attack on Wednesday in River State, just off Bonny Island.

The vessels 21 crew members were rescued after sending off a distress signal received by the Navy.

It was the second failed hijacking attempt in the area this week. A Nigerian naval vessel also thwarted at a pirate attack on a second oil tanker, MT Rio Spirit.

In 2016, there were 36 recorded incidences of high-seas piracy in Nigeria—more than double the number of incidences the year before. There has also been an increase of high-seas kidnappings in Nigeria.

That said, from a global perspective, the new attacks come at a time of dwindling piracy on the high seas, with the number of pirates at a low not seen in nearly two decades, according to the IMB. Related: Time Bomb In Oil Markets: Goldman Sachs Issues Warning

At the same time, the number of kidnappings for ransom on the high seas has increased as pirates change their modus operandi. Globally, 62 people were kidnapped from vessels and held for ransom last year, which represents a three-fold increase from 2015.

For all of last year, the IMB recorded a total of 191 incidences of high-seas piracy, down from 246 incidences the previous year. The last time the number of high-seas attacks has been this low was in 1998.

In late January, International Maritime Organization Secretary-General Ki-Tack Lim told the American Media Institute that globally, high-seas piracy in on a downward trend thanks to improved coordination of security efforts, including the NATO-led anti-piracy effort off the Horn of Africa—Operation Ocean Shield.

By Damir Kaletovic for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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