• 2 days Shell Oil Trading Head Steps Down After 29 Years
  • 2 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 2 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 2 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 2 days Venezuela Officially In Default
  • 2 days Iran Prepares To Export LNG To Boost Trade Relations
  • 2 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 2 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 3 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 3 days Rosneft Announces Completion Of World’s Longest Well
  • 3 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 3 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 3 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 3 days Santos Admits It Rejected $7.2B Takeover Bid
  • 3 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 4 days Africa’s Richest Woman Fired From Sonangol
  • 4 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 4 days Russian Hackers Target British Energy Industry
  • 4 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 4 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 4 days Lower Oil Prices Benefit European Refiners
  • 4 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 5 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 5 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 5 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
  • 5 days Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
  • 5 days OPEC To Recruit New Members To Fight Market Imbalance
  • 5 days Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
  • 5 days Venezuelan Oil Output Drops To Lowest In 28 Years
  • 6 days Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
  • 6 days GE Considers Selling Baker Hughes Assets
  • 6 days Eni To Address Barents Sea Regulatory Breaches By Dec 11
  • 6 days Saudi Aramco To Invest $300 Billion In Upstream Projects
  • 6 days Aramco To List Shares In Hong Kong ‘For Sure’
  • 6 days BP CEO Sees Venezuela As Oil’s Wildcard
  • 6 days Iran Denies Involvement In Bahrain Oil Pipeline Blast
  • 9 days The Oil Rig Drilling 10 Miles Under The Sea
  • 9 days Baghdad Agrees To Ship Kirkuk Oil To Iran
  • 9 days Another Group Joins Niger Delta Avengers’ Ceasefire Boycott
  • 9 days Italy Looks To Phase Out Coal-Fired Electricity By 2025
Top 5 Miners To Ride The Christmas Commodity Boom

Top 5 Miners To Ride The Christmas Commodity Boom

Several metals have seen prices…

Niger Delta Avengers Blow Up Oil Pipeline Again

Niger Delta Avengers

The Niger Delta Avengers announced yesterday that they have bombed the Bonny pipeline, which carries crude to the Shell-operated Forcados terminal. The militant group had agreed a ceasefire with the Nigerian government and was about to begin negotiations on a more permanent solution to the situation in the Delta.

According to the NDA, the pipeline was bombed in response to government attempts of “over dramatisation of the so-called dialogue and negotiation process on the side of President Muhammadu Buhari and his government.” The group added in its statement that the government will have to work harder to convince them it has the best interests of the Delta communities at heart during the negotiations.

Shell, which operates the pipeline, declined to comment on the NDA announcement, but recently said it was preparing to restart the operation of the Forcados terminal following seven months of force majeure. The force majeure was declared after the NDA bombed an underwater pipeline feeding oil into the terminal.

The Financial Times cites Nigerian president Muhammadu Buhari as saying at a meeting with Barrack Obama that the army might need to get involved in the Delta. It is possible, according to Western diplomatic sources who talked to the FT, that Buhari’s words reached the NDA and the group reacted swiftly.

Related: The Start Of Something Big? Iran Changes Oil Contracts

The attack was condemned by the Pan-Niger Delta Coastal States Stakeholders’ Consultative Forum, which represents the elders of the communities living in the Delta. The forum’s leader, Chief Edwin Clark, said in a statement following NDA’s announcement of the attack that the NDA had violated the 60-day ceasefire and had no justification. Clark appealed to the militants to lay down their arms and “remain calm and peaceful, even in the face of obvious provocation.”

The NDA claims it is fighting for a fairer distribution of the oil wealth generated by the crude reserves in the Niger Delta, with a bigger portion of it remaining in the region, where poverty and unemployment are rife.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • ehl on September 26 2016 said:
    Sounds like a Bush / Cheney black water dealings in the works

Leave a comment

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