• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 5 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days "How China Could Send LNG Prices Into The Stratosphere" by Irina Slav
  • 3 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 4 days The Federal Reserve and Money...Aspects which are not widely known
  • 5 days How Far Have We Really Gotten With Alternative Energy
  • 7 days "Oil-funded Rockefeller Foundation centers fight for climate" - Associated Press
The Global Diesel Crunch Is Going To Get Worse

The Global Diesel Crunch Is Going To Get Worse

With winter looming, U.S. distillate…

Europe's Insatiable Thirst For Natural Gas

Europe's Insatiable Thirst For Natural Gas

Regardless of the price, Europe…

4 Nigerian Security Officers Killed While Guarding Oil & Gas Pipeline

Four officers from the Nigerian Security and Civil Defence Corps (NSCDC) were killed yesterday by unidentified gunmen while on duty guarding an oil and gas facility operated by the Nigerian Agip Oil Company. The nature of the facility remained undisclosed.

The NSCDC personnel were dispatched to the facility following a warning that an attack on the pipeline was being prepared. The local commandant of the NSCDC told media that she had sent a request to the Joint Military Task Force in the Niger Delta to provide reinforcements, but the attack came before help arrived.

Initially, according to the spokesperson for the NSCDC for Rivers, Michael Oguntuase, the corps officers thought that the gunmen, in full military gear, were the reinforcement from the JMTF. It was only after they opened fire that they realized they were militants.

This is the latest entry in a long list of attacks on Nigerian oil and gas infrastructure, despite a ceasefire agreed by the federal government and the Niger Delta Avengers, the most active among the many militant groups in the region.

The NDA itself broke the ceasefire before its 60 days were up, claiming the presence of the military in the Delta aggravated the situation and only incited the local rebels to more violence.

Related: Mexico To Reap $2.9 Billion In Profits From Oil Price Hedges In 2016

Just last week, a bombing of the Trans-Forcados pipeline, just two days after force majeure was lifted from it, incapacitated the facility yet again. This will directly affect total Nigerian crude production, which was in the process of recovering: Forcados transports 150,000-200,000 bpd to an export terminal on the coast.

In late October, the NDA bombed the Escravos pipeline, warning the company to not try and repair it.

The country, which is fighting a deep recession as a result of the oil price crash and production woes, has been exempted from the OPEC production cut negotiations due to the loss of market share.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News