• 1 hour Weatherford Looks To Sell Assets To Ease Some Of $8B Debt
  • 2 hours OPEC Set To Move Fast On Cut Extension Decision
  • 5 hours Nigeria Makes First Step Away From Oil
  • 16 hours Russia Approves Profit-Based Oil Tax For 2019
  • 20 hours French Strike Disrupts Exxon And Total’s Oil Product Shipments
  • 22 hours Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
  • 1 day Oil Production Cuts Taking A Toll On Russia’s Economy
  • 1 day Aramco In Talks With Chinese Petrochemical Producers
  • 1 day Federal Judge Grants Go-Ahead On Keystone XL Lawsuit
  • 1 day Maduro Names Chavez’ Cousin As Citgo Boss
  • 1 day Bidding Action Heats Up In UK’s Continental Shelf
  • 2 days Keystone Pipeline Restart Still Unknown
  • 2 days UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 2 days Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 2 days Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 2 days German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 2 days Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 2 days Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 3 days Oil Prices Rise After API Reports Major Crude Draw
  • 3 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 3 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 3 days Statoil Looks To Lighter Oil To Boost Profitability
  • 3 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 3 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 3 days Whitefish Energy Suspends Work In Puerto Rico
  • 3 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 4 days Thanksgiving Gas Prices At 3-Year High
  • 4 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 4 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 4 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 4 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 4 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 4 days ConocoPhillips Sets Price Ceiling For New Projects
  • 7 days Shell Oil Trading Head Steps Down After 29 Years
  • 7 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 7 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 7 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 7 days Venezuela Officially In Default
  • 7 days Iran Prepares To Export LNG To Boost Trade Relations
  • 7 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
Who's Next? Venezuela's Collapse Puts These Nations At Risk

Who's Next? Venezuela's Collapse Puts These Nations At Risk

While investors have been ignoring…

The Hidden Cost Of Electric Cars

The Hidden Cost Of Electric Cars

As countries across the globe…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Oil Tanker Strike Threatens Nigeria’s Oil Industry

Oil Truck

Low wages and subpar roads led Nigerian oil truck drivers to protest in the capital on Monday, according to a new report by Reuters, which could lead to indefinite supply chain disruptions for the nation’s oil and gas industry, already under pressure after almost a year of attacks in the industry by the separatist group Niger Delta Avengers.

"It is nationwide and compliance is total - all tanker drivers across the nation are involved," Cogent Ojobo, who chairs Nigeria Union of Petroleum and Natural Gas (NUPENG) for the region, said. He added that the union had met with the Nigerian government on Monday and that discussions were ongoing.

"At the end of the meeting today if talks fail then other members of NUPENG, like filling stations, will join and that is bound to increase the pump prices of fuel and other petroleum products," he said.

The Nigerian Labor Ministry had representation at the meetings, according to a government spokesperson, but the discussions had been coordinated by the oil ministry, which was unavailable for comment to Reuters.

In addition to strikes and attacks, oil thefts and pipeline closures have affected Lagos’ energy revenues intermittently over the past year.

Shell’s Nigerian unit shut down one of two lines that carry Bonny Light crude to the export terminal in order to remove oil theft points and repair leaks, Reuters reported on Friday, quoting Shell Petroleum Development Company (SPDC).

Related: The First Sign Of Tighter Oil Markets Is Finally Here

The same subsidiary said in early March that it had shut down for the Bonga field maintenance, which has the capacity to produce some 225,000 barrels of crude daily, until April. The company provided no further details, but Nigerian media estimated the daily loss in revenue at $10.95 million.

By Zainab Calcuttawala 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