• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 13 hours Oil prices going Up? NO!
  • 2 mins Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 4 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 2 days Could Venezuela become a net oil importer?
  • 4 hours The Tony Seba report
  • 1 day Oil prices going down
  • 1 hour Kenya Eyes 200+ Oil Wells
  • 2 days Oil Buyers Club
  • 1 day Could oil demand collapse rapidly? Yup, sure could.
  • 9 hours Saudi Arabia turns to solar
  • 2 days Gazprom Exports to EU Hit Record
  • 20 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 14 hours Are Electric Vehicles Really Better For The Environment?
  • 1 day Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 2 days Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day Tesla Closing a Dozen Solar Facilities in Nine States
A Storm Is Brewing In The Southern Gas Corridor

A Storm Is Brewing In The Southern Gas Corridor

While Russia looks to circumvent…

The OPEC Agreement Puts A Floor Under Oil Prices

The OPEC Agreement Puts A Floor Under Oil Prices

OPEC’s agreement to raise production…

Niger Delta Militants Blow Up 2 Chevron Oil Wells

OPEC Oil

In an early Wednesday attack, Niger Delta militants have blown up two Chevron oil wells in Warri, leading a shut down in the wells and promising further output drops for Nigeria.

The Niger Delta Avengers (NDA) have claimed responsibility for the attack via their Twitter feed, not that they “blew up Chevron oil well RMP 23 and 24 [at] 3:44 am this morning.”

These are Chevron’s Bibi oil wells, run by Chevron Nigeria Limited.

Related: Why We Need $120 Oil

The militant group also noted that it had a “heavy presence of 100 gunboats, 4 warships and jet bombers,” and that the attack was meant “to show the whole world that the Nigeria military is good in [sic] harassing innocent Nigerians”.

The attack comes as Nigerian President Muhammadu Buhari plans a visit to the Niger Delta region on Thursday to address the resurgence in militancy that has taken half of the country’s production offline already.

According to the IBTimes UK, a suspected member of the NDA was heard in a video recording of a radio interview as saying that Buhari “should sign his death warrant” before attempting to visit the Niger Delta.

Related: Are Low Oil Prices A Bigger Threat Than Terrorism For Algeria?

The attack also comes less than a day after the deadline imposed by the NDA for all foreign oil companies to leave the Niger Delta.

As of Monday, oil and condensate production in Nigeria is down to 1.1 million barrels per day, according to Nigerian petroleum officials, with 50 percent of output offline. Over one million barrels per day of production has been lost.

On Saturday, the Niger Delta Avengers (NDA) made another strategic move by blowing up oil and gas pipelines belonging to Shell and Eni-owned AGIP. The attacks targeted Shell’s Bonny terminal trunkline and AGIP’s Brass export terminal.

Last week, militants used explosives to blow up Chevron’s Escravos terminals main electricity feed pipeline, rendering the terminal inoperable.

By Charles Kennedy of 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