• 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
  • 2 days New Video Game Targets Oil Infrastructure
  • 2 days Shell Restarts Bonny Light Exports
  • 2 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
  • 3 days Rosneft Signs $400M Deal With Kurdistan
  • 3 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
  • 4 days Conflicting News Spurs Doubt On Aramco IPO
  • 4 days Exxon Starts Production At New Refinery In Texas
  • 4 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
  • 5 days VW Fails To Secure Critical Commodity For EVs
  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 5 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 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
  • 6 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 6 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO
Global Energy Advisory Friday 20th October, 2017

Global Energy Advisory Friday 20th October, 2017

As tensions surrounding Kurdistan rise,…

Why Petrol Powered Cars Aren’t Going Anywhere

Why Petrol Powered Cars Aren’t Going Anywhere

Internal combustion engines are still…

Militants Blow Up Forcados Pipeline In Nigeria For The Third Time In A Week

Oil pipeline fire

Nigeria’s most notorious militants sabotaging oil infrastructure, the Niger Delta Avengers (NDA), have said they bombed late on Tuesday the Trans Forcados pipeline, in the third attack in just a week on the pipeline that carries crude oil from the delta to the Shell-operated terminal of the same name.

According to the NDA, the latest bomb was a new warning to oil companies to stop repairing damaged oil infrastructure.

The attack on Tuesday evening followed a bombing on Trans Forcados in the early hours of the same day.

Last week, militants had attacked the pipeline just two days after Trans Forcados, which feeds Shell’s 400,000-bpd export terminal, resumed operations following a July attack. That attack came just hours after Nigerian President Muhammadu Buhari had met with leaders in the Niger Delta to broker some kind of a peace agreement in the restive oil-rich region.

Some groups, including the NDA, have been negotiating with the government, but others, such as the Niger Delta Greenland Justice Mandate, have refused to do so, and warned President Buhari that they would not partake in any ceasefire in the Delta and that the government should brace itself for even more attacks on oil infrastructure in the region.

Related: Post-Election Oil Prices: Can We Expect A Plunge?

Despite the talks, the NDA attacked at the end of last month Chevron’s offshore export pipeline at Escravos. At that time Nigeria was just announcing that its crude oil production had increased to 1.9 million barrels per day, from the 1.3 million bpd it had produced in the spring of 2016.

In recent weeks, Nigeria has managed to recover some of the output it had lost to the militant attacks, but the latest spate of attacks will likely result in a setback in its production. The country—which used to pump 2.2 million bpd before militants started attacking oil infrastructure a couple of years ago—will likely be given a pass to any OPEC production cuts, if that even comes to fruition.

By Tsvetana Paraskova for 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