• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 3 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 4 days "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 7 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 7 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 8 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 8 days Demonising fossil fuels has caused major grid problem in Australia

Breaking News:

Oil Should Stay In Triple Digits: Analyst

The Niger Delta Avengers Declare War Once More

The militants who wagered a war against Nigerian oil output in 2016 are banding together once again to threaten the African nation’s energy sector.

Corporal Oleum Belum, spokesman for the New Delta Avengers (NDA), sounded a battle-cry against the Delta Oil Producing Areas Development Commission (DESOPADEC) and other oil agencies on Monday.

We hereby declare ‘Operation Cripple Oil and Gas Production’ by any means available to us,” he said. “The Federal Government and oil companies – local and multinationals – operating in Delta State are hereby put on notice that effective from midnight, June 30, this year of upheavals 2017, there should be no more oil and gas operations in Delta State.”

Attacks against the oil facilities held by the Nigerian National Petroleum Corporation (NNPC) and foreign oil majors have for the most part stopped since the beginning of the year. President Muhammadu Buhari’s administration has made diplomatic efforts to ease the grievances of the residents of the Niger Delta and their Niger Delta Avengers. One proposed solution is to legalize the makeshift refineries in the area, which process stolen oil for local consumption. Abuja would offer a limited volume of crude to the residents at a discounted price to refine at the small refineries in exchange for peace.

But the diplomacy and proposed solutions are not enough for the New Delta Avengers.

“Those who try our resolve shall be made a canon folder and used to show our determination. All members of the Joint Action Committee are hereby authorized to return to the trenches,” the group says.

On May 23rd, militants attacked a pipeline operated by the Nigerian Gas Company Ltd., a subsidiary of the NNPC, Nigeria Gas Company spokesman Violin Antaih told AFP at the time.

“It has been confirmed, even by the community people, that it was a third-party sabotage,” Antaih said. Analysts say the attack served as a warning, that the destruction could return, should talks fail.

By Zainab Calcuttawala 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