Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-05-30 18:05:00

NIGERIAN OIL DOWN 50%

NIGERIAN OIL DOWN 50%

Nigeria's crude oil and condensate production has fallen almost 50% from the start of the year to around 1.1 million b/d, an official from state oil firm Nigerian National Petroleum Corp. said Friday, after reports of a fresh attack on an oil and gas pipeline in the Niger Delta late Thursday.

"The waves of attack on virtually [most] oil pipelines and production facilities in the western division of the Niger Delta have crippled operations there," the NNPC official told Platts.

"We estimate total production losses to be around 1 million b/d, so we are currently down to 1.1 million b/d," he added.

Renewed militancy in the oil-rich Niger Delta has resurfaced after years of relative calm, pushing the country's output to more than 20-year lows.

NNPC said production was averaging around 2.2 million b/d at the start of the year.

In mid-May, oil minister Emmanuel Kachikwu said that production had plummeted to 1.4 million b/d, and since then attacks on oil infrastructure have continued, pushing output down further.

Currently, four Nigerian crude export grades -- Qua Iboe, Bonny Light, Brass River and Forcados -- are under force majeure.

All of these grades except for Qua Iboe are under force majeure as a direct result of the militant attacks.

ATTACKS PERSIST

Attacks on Nigerian oil and gas facilities have increased largely due to a new militant group that has emerged in the region calling itself the Niger Delta Avengers.

The group has claimed on Twitter that it attacked a gas and crude oil pipeline belonging to state oil firm NNPC despite the presence of government troops guiding the facilities.

"At 11:45pm on Thursday NDAvengers blew up other NNPC Gas and Crude trunkline close to Warri," Niger Delta Avengers said.

An NNPC spokesman said a team of investigators was being put together to verify the claim by the group.

"If it was in the Warri area, I don't think there is any new pipeline that has not been breached by the militants. But we will investigate," the spokesman said.

The group also restated its warnings to oil firms to close down their operations in the region, promising to unleash more devastating attacks.

"Oil companies and Nigeria military, watch out something big is about to happen and it will shock the whole world," it said.

The new militant group also said it has rejected a peace move launched by the Nigerian government on Thursday to end the violence in the region, demanding instead for "a Sovereign State not pipeline contracts."

The Nigerian government and the nine states of the Niger Delta region agreed Thursday to jointly raise a security team to curb growing militancy.

"The Niger Delta governors must be involved in providing lasting solutions to the resurgence of pipeline vandalism and there is urgent need to create business opportunities for the locals in the region," said Kachikwu.

Kachikwu called for an end to violence in the oil-rich region and said the government is committed to working with Niger Delta stakeholders to stop the recent surge in attacks.

platts.com

-----

Earlier: 

SHELL LOWERS NIGERIA 

SHELL & NIGERIA CORRUPTION 

AFRICA IS CLOSED 

NIGERIA PAYS $2.1 BLN 

NIGERIA'S BIG OIL 

NIGERIA'S OIL CRISIS 

NIGERIA'S OIL CRASHING

 

 

 

Tags: NIGERIA, OIL, PRODUCTION, NNPC

Chronicle:

NIGERIAN OIL DOWN 50%
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

NIGERIAN OIL DOWN 50%
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

NIGERIAN OIL DOWN 50%
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

NIGERIAN OIL DOWN 50%
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

All Publications »