The Nigerian Petroleum Minister, Ibe Kachikwu, said that the country’s losses in oil production due to militant attacks have hit 900,000 b/d. The African nation continues to lose about $274m as the US and India cut t ...
Italia's Eni has declared a force majeure on Nigeria's Brass River grade of crude oil, once again throwing a spotlight onto the unreliability of exports from a country plagued by oil theft.
The repair works on the pipeline feeding Nigeria's Forcados crude oil to the export terminal are expected to continue until June. The grade has been under force majeure since mid February, a week after a pipeline lea ...
BP has declared force majeure on oil output from an Angolan oil project which provides almost 10 percent of the OPEC member's exports after a power loss.