Petroleum minister Emmanuel Kachikwu becomes chairman of NNPC Kachikwu replaced as NNPC managing director by Maikanti Buri Nigeria’s government made wide-ranging changes to the leadership of its state oil company Continue Reading
Unnamed militants attacked a boat transporting Eni workers in the Niger Delta region June 29, killing two, an Eni spokesperson told Rigzone Monday. Unnamed militants attacked a boat transporting Eni Continue Reading
Two Chevron wells, state-oil pipelines targeted, group says Country’s oil output in May was lowest in almost 30 years: IEA Niger Delta Avengers, a militant group operating in Nigeria’s southern Continue Reading
The fortunes of what still remains the mainstay of the Nigerian economy – oil and gas – are plummeting, indicating there is no silver lining in the clouds for now. Continue Reading
Nigeria Pipeline Recent disruptions in Nigeria’s oil production has been a major factor behind the latest rally in crude oil prices, but changes in the domestic political climate and a Continue Reading
The Trans Niger Pipeline (TNP), one of Nigeria’s key oil pipelines remains shut for repairs, Shell spokesman Precious Okolobo said by phone yesterday. The pipeline, which carries Bonny Light crude Continue Reading
For the second time in a week, a new militant group in Imo State, the Red Scorpions, yesterday, may have bombed an oil pipeline belonging to Shell Petroleum Development Oil Continue Reading
Nigeria Seeks $40-$50 Billion in Oil Investment as Output Rises Country’s crude production as high as 1.9m b/d two days ago Output should rise to 2.2m b/d in July if Continue Reading
The Niger Delta Avengers, a Nigerian militant group which has claimed responsibility for a series of attacks on oil facilities in the country’s southern energy hub, has urged President Muhammadu Continue Reading
Nigeria, Explosion Police in the area of Imo in Nigeria have confirmed that there has been an attack on a Shell Petroleum Development Company (SPDC) facility there. The attack, which Continue Reading
A new militant group identified as Red Scorpion is believed to have blown up an oil installation owned by Elf Petroleum Nigeria in Awara, Ohaji/Egbema LGA of Imo State. The Continue Reading
Nigeria’s oil revenue dropped by $35.67 billion (about N7 trillion) in 2015 according to the report in the Organisation of Petroleum Exporting Countries (OPEC)’s annual statistics bulletin released yesterday. The Continue Reading
A Nigerian militant group known as the Niger Delta Avengers which has been attacking oil facilities might agree to a ceasefire on Thursday to allow the government time to meet Continue Reading
Nigeria in May exported 1.89 million barrels per day, contrary to fears that crude export has dropped to as low as 1.3 million barrel per day. Data released by Windward, Continue Reading
Attacks on oil and gas production sites in the Niger Delta are threatening both production volumes and power supply of West African countries. Recent attacks on Nigeria’s energy infrastructure are Continue Reading
The Nigerian government has agreed a ceasefire with militants in the oil-rich Niger Delta, including the Niger Delta Avengers, as renewed militancy has dragged the country’s oil output close to Continue Reading
A member of the Nigerian Police Forces stands guard outside a half-built building in Nigeria’s… Nigerian officials said Tuesday that the government has clinched a deal for a 30-day truce Continue Reading
Nigeria kept exporting crude oil at a largely steady pace in May, though below historical levels, despite repeated militant attacks on its infrastructure that drove output down to 30-year lows Continue Reading
Nigeria’s currency plummeted more than 40% against the dollar on Monday, the latest sign that low crude-oil prices continue to disrupt the economies of some major oil-producing nations. The steep Continue Reading
Shell Companies in Nigeria paid $43 billion into the Federation Account between 2011 and 2015, just as the companies spent a total of $195.5 million on social investments in the Continue Reading
Pent-up demand for dollars may push Nigeria’s naira at least 20 percent weaker when the central bank allows the currency of Africa’s biggest economy to float freely on Monday, said Continue Reading
Nigerian oil militants claimed to have blown up a pipeline belonging to the Nigerian National Petroleum Corporation in what would be their first attack since they expressed a willingness to Continue Reading
The assault on oil installations in the Niger Delta continued Thursday with a group taking credit for blowing up a pipeline run by a national oil company. At 4:00am @NDAvengers Continue Reading
Nigeria has lost a year. By imposing capital controls and sticking mulishly to a fixed exchange rate out of sync with the shifting fortunes of the economy, President Muhammadu Buhari Continue Reading
The Nigerian National Petroleum Corporation (NNPC) on Tuesday said parts of the $12.9 billion dividends it received from the Nigeria Liquefied Natural Gas (NLNG) Ltd on behalf of the federation Continue Reading
Nigeria will float its embattled naira currency, the Central Bank governor announced Wednesday after months of pressure to control a spiraling crisis in Africa’s biggest economy. Gov. Godwin Emefiele told Continue Reading
The Nigerian National Petroleum Corporation, NNPC, yesterday, denied any wrongdoing over its failure to remit about $13.294 billion to the Federation account over a nine-year period, stating that the funds Continue Reading
Nigeria’s central bank Governor Godwin Emefiele will unveil a new currency policy on Wednesday afternoon in Abuja, the capital, according to a spokesman. The governor’s announcement will be televised, Isaac Continue Reading
The Niger Delta Avengers militant group has threatened to sink oil tankers and “review” its stance of not taking lives in its latest warning to oil and gas companies operating Continue Reading
Nigeria plans to delay new capital rules for banks as regulators in Africa’s biggest economy follow fellow oil producer Kazakhstan in trying to boost lending and avoid a recession. The Continue Reading
The Association of Mega Filling Station Owners of Nigeria (AMFSON) has vowed to lock up their filling stations over pump price disparity, saying if the Minister of State for Petroleum Continue Reading
The Central Bank of Nigeria is close to unveiling a new foreign-exchange policy and an announcement could come as soon as this week, according to a person who attended a Continue Reading
Militant attacks in the Niger Delta have pushed Nigerian crude oil production to its lowest point in more than a decade, OPEC said. Photo by sakhorn/Shutterstock VIENNA, June 13 (UPI) Continue Reading
Nigerian militants whose attacks on oil infrastructure have sent output plunging to its lowest level in 27 years said for the first time that they are considering peace talks, even Continue Reading
Niger Delta militants known as the Niger Delta Avengers have claimed responsibility for a major attack on a crude oil pipeline in Nigeria’s Bayelsa State run by Eni’s Agip subsidiary. Continue Reading
Agip pipeline damage An armed group seeking to secede from Nigeria, the Niger Delta Avengers (NDA), continued their attacks against oil pipelines in the west African nation on Friday with Continue Reading
A militant group has claimed responsibility for an attack on an oil pipeline operated by a Nigerian subsidiary of Italy’s Eni oil company. It is the second such bombing in Continue Reading
The Nigerian militant group known as the Niger Delta Avengers rejected a dialogue proposal from the country’s government and claimed another attack on a Chevron oil well in Warri, even Continue Reading
Ultimate Warriors Of The Niger The Ultimate Warriors of the Niger Delta, a new militant group operating from its namesake river delta, is demanding that the Nigerian government give 60 Continue Reading
As oil marketing and trading companies hiked the price of diesel, citing the current scarcity of foreign exchange, concern has been raised on the long term sustainability of the new Continue Reading
Pipeline Burning Nigeria After a string of attacks on Nigeria’s oil infrastructure, its government plans to open talks with the newly formed militant group, the Niger Delta Avengers (NDA). As Continue Reading
With an oil sector under militant threat, the Nigerian government said it would develop strategies to improve its business climate to the benefit of the people. A militant group in Continue Reading
Royal Dutch Shell Plc said it won’t attempt to repair a key pipeline in Nigeria for now after militants attacked it a second time last week, the latest sign of Continue Reading
Nigeria will reduce military presence in the southern Niger River delta as the government works with regional governors to end attacks on oil installations, according to a presidency statement. A Continue Reading
Announcement may come within a month, officials tell investors Nigerian officials said they are still working out the details of a new currency policy and may make an announcement within Continue Reading
Attacks on pipelines in Nigeria’s oil-rich Niger River delta region have slashed crude output to the lowest level in 27 years and shut all but four of the country’s 23 Continue Reading
Former Nigerian President Goodluck Jonathan expressed confidence that the authorities can reach an agreement with militants in the Niger River delta to stop their attacks that have slashed production of Continue Reading
A band of saboteurs that calls itself the Niger Delta Avengers has been prowling the swamps of Nigeria’s petroleum-rich south for four months, bombing pipelines and diving underwater to destroy Continue Reading
Niger Delta militants have launched multiple attacks on oil installations over the past 24 hours, reportedly targeting Shell’s Forcados terminal again and additional sections of the AGIP crude oil pipeline Continue Reading
Niger Delta Avengers, the new militant group that has claimed responsibility for a string of attacks on oil and gas installations in the Niger Delta, continued its disruption of Nigeria’s Continue Reading
