• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 6 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 12 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 1 day Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 33 mins Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 hours Saudi Fund Wants to Take Tesla Private?
  • 14 mins Venezuela set to raise gasoline prices to international levels.
  • 1 day Batteries Could Be a Small Dotcom-Style Bubble
  • 21 hours Starvation, horror in Venezuela
  • 1 day France Will Close All Coal Fired Power Stations By 2021
  • 1 day Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 4 hours Corporations Are Buying More Renewables Than Ever
  • 12 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 20 hours WTI @ 69.33 headed for $70s - $80s end of August
Oil Prices Fall Despite Supply Fears

Oil Prices Fall Despite Supply Fears

Oil prices started the day…

New Shipping Regulation Could Be A Boon For LNG

New Shipping Regulation Could Be A Boon For LNG

The International Maritime Organization’s sulfur…

Two More Militant Attacks on Nigerian Crude Pipeline – More Barrels Offline

Nigerian Marines

In two simultaneous attacks late on Thursday, the Niger Delta Avengers (NDV) have targeted a state-run crude pipeline near the Batan oilfield.

The oil and gas pipeline is near the Batan oilfield in Warri, and is operated by the state-run Nigerian National Petroleum Corporation (NNPC).

African media suggest that the attack differed strategically from the series of attacks that preceded it because this pipeline was heavily guarded by state security forces and militants were demonstrating their reach and capabilities.

The NDA claimed responsibility for the attack via its Twitter feed, its established method.

Related: Why $50 Oil Is Here To Stay

"At 11:45pm on Thursday.@NDAvengers blew up other #NNPC Gas and Crude trunkline close to Warri. Pipeline that was heavily guarded by Military," the group tweeted.

The group rejected a meeting recently convened in Abuja by the federal government, warning of its readiness to carry out an attack that will "shock the whole world".

"The Niger Delta stakeholder's meeting is an insult to the people of Niger Delta. What we need is a Sovereign State not pipeline Contracts,” NDA said.

"To the IOC's, Indigenous Oil Companies and Nigeria Military. Watch out something big is about to happen and it will shock the whole world."

Related: Why Canada’s Oil Sand Producers Will Recover Quickly From The Wildfires

On Wednesday, the militant group blew up the main electricity feed pipeline at Chevron’s Escravos terminal, taking the terminal offline.

Nigeria’s oil production has plunged by 40 percent, falling to just 1.4 million barrels per day, the lowest level in decades

Last week, Italian oil giant Eni declared force majeure after another attack on its AGIP pipeline took oil offline. Earlier this month, Shell also declared force majeure on its exports of Bonny Light crude, evacuating staff from its Eja OML 79 production facility.

The first week of May saw militants attack one of Chevron’s offshore platforms, the Okan facility, disrupting 90,000 barrels per day of oil production. The Okan facility, which it operates in conjunction with the Nigerian National Petroleum Corp., is also a gathering point for production from several fields, so the attack knocked off output from all of them at once.

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