The Nigerian militant group calling itself the Niger Delta Avengers (NDA) claimed Thursday to have blown up a pipeline belonging to the Nigerian National Petroleum Corp. (NNPC), the first attack since its proposal for a dialogue with the government, Kallanish Energy learns. “At 4:00am @NDAvengers blow up NNPC Pipeline in Oruk Anam Local Government Area … Read more
Iran, which easily beat expectations for how fast it boosted crude oil exports after sanctions were lifted, now needs a massive cash injection and the easing of remaining trade barriers, or the recovery could be kaput. Most industry watchers said when the shackles on Iran’s oil exports were unbuckled in January following a nuclear pact … Read more
Chile’s state-oil company, ENAP, signed an agreement with U.S. independent oil and gas firm ConocoPhillips to explore and potentially produce shale gas in the Magallanes region of southern Chile, Kallanish Energy learns. The Coirón bloc project will be rolled out in phases depending on the success of each stage, with ConocoPhillips possibly … Read more
Lack of investment is putting Colombia’s oil industry at risk of loosing its crude self-sufficiency, forcing the country to become an importer, Kallanish Energy learns from the Colombian Petroleum Association (ACP). ACP’s president, Francisco José Mera, said last week crude output could drop to below 400,000 barrels per day (BPD) by 2022, from roughly 900,000 … Read more
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