Alhaji Atiku Abubakar made a proclamation that he will privatize NNPC if elected President, and that sparked concerns and curiosities in the minds of some Nigerians, so I decided to write this article to explain the entire concept of NNPC privatization and its effects, so that people will have a better understanding of […]
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The news report over the weekend indicates that the Federal Government has “directed” oil companies operating in Nigeria to relocate their headquarters to the Niger Delta where their main exploration and production activities take place. This directive was ascribed to Acting President, Yemi Osinbajo, while speaking at a town hall meeting in Uyo, Akwa Ibom […]
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ExxonMobil, United States-based international oil company has divested its downstream operations in Nigeria, following the acquisition of 60 percent equity at Mobil Oil Nigeria (MON) Plc, by Nipco Plc, an indigenous downstream oil and gas company. In a message to the Nigerian Stock Exchange, NSE, yesterday the management of Mobil Oil Nigeria Plc said the […]
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Cargoes of West African crude oil sailing east are on track to fall in August on fierce competition, shaky demand and disruptions in Nigerian loadings that forced at least one cancelled cargo, according to a Reuters survey of shipping fixtures and traders on Tuesday. The survey shows that a total of 55 cargoes, for 1.685 […]
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Contrary to local news that Nigeria Navy has arrested Niger Delta Avengers logistics supplier is the biggest joker of the 21st century. As it now any Tom, Dick and Harry is a suspect of Niger Delta avengers. Nigeria Navy has lost the sense of professionalism. The Nigeria military arrested school students in Oporoza and […]
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THE row between Niger Delta Avengers, NDA and ExxonMobil over alleged bombing, last Monday, of the company’s Que Iboe 48-inch Crude Oil Export Pipeline degenerated weekend, as the militant group threatened to target the company’s workers instead of blowing up its facilities. NDA also renewed its warning to oil companies operating in the region not […]
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The Niger Delta Avengers at about 7:30pm yesterday blew up Qua Iboe 48″ crude oil export pipeline belonging to ExxonMobil. The group wondered when the international community would start to pay heed to their rule of no export. Read their statement below… At about 7:30pm the Niger Delta Avengers blow up ExxonMobile Qua Iboe 48″ […]
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The restive situation in the region may lead to a further drop in crude oil export as major refineries across the globe have concluded plans to stop the purchase of the commodity from Nigeria due to rising uncertainties about the country meeting up with deliveries. This is arising from the fact that a number of […]
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Nigerian new militant group Niger Delta Avengers has appealed to world leaders to intervene into the country’s affairs. The Avengers in a statement released today June 9, Thursday, complained about the state of the Niger Delta region, accusing the Nigerian government for its depleted condition. The group also advised world leaders to act quickly and […]
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Nigeria is losing about N2.79 billion daily following the closure of ExxonMobil operated Qua Iboe terminal, whose workers were evacuated yesterday. Qua Iboe is Nigeria’s largest crude oil stream and exports usually more than 300,000 barrels per day. At the current oil price of $47 per barrel, the country is bound to lose billions of […]
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