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Tag Archives: nigeria oil

Shell Nigeria refuses to confirm oil militants’ attack

Nigerian flag. Pixabay

WARRI, Nigeria (AP) — Shell Nigeria refused Monday to confirm a report by the Niger Delta Avengers militant group that it has bombed the company’s Bonny oil pipeline and again crippled its exports. Friday night’s bombing breaks a month-long ceasefire between militant groups and the government and comes days after repairs from an earlier attack had allowed Shell’s exports to ...

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Nigerian lawyer sent in to clean up state oil giant

ABUJA/LAGOS – The new head of Nigeria’s state oil company is a workaholic stickler for the rules with a strong background in law, qualities he will need if he is to overhaul an organization notorious for corruption and mismanagement. Emmanuel Ibe Kachikwu, the new managing director of the Nigerian National Petroleum Corp (NNPC), was previously executive vice chairman and general ...

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New head of Nigeria’s state oil company sacks top management

ABUJA – The new head of Nigeria’s state oil company has dismissed the firm’s senior managers, two sources at the company said on Wednesday, barely a day after President Muhammadu Buhari appointed him as managing director. “All of the executive directors were let go … Buhari wanted a clean slate,” one of the dismissed managers said. A second source said ...

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Nigeria’s tanker ban underscores disarray in oil industry

LONDON/ABUJA – The Nigerian president’s sudden, unexpected and seemingly unilateral decision to ban nearly 100 oil tankers from the country’s waters has sown confusion in the operations of Africa’s largest crude exporter. The edict directly from President Muhammadu Buhari’s office appeared to be part of a campaign pledge to crack down on oil industry corruption and theft. But the disarray ...

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