ExxonMobil says blockade threatens production at Nigeria oil facilities

Must Read

Rystad Energy warns 2nd COVID-19 wave could see oil demand losing another 2.5 million bpd

As the number of confirmed new COVID-19 cases surges to new global highs of beyond 200,000 per day, a...

Pirates grab nine Nigerians from BW Offshore FPSO

At approximately 4:20 am local time on Thursday, BW Offshore’s FPSO Sendje Berge was subject to an attack by...

OPEC cuts production to 1991 levels in bid to revive oil demand

(Bloomberg) - OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

(Reuters) – ExxonMobil said on Monday that a blockade by former employees threatens crude production at oil facilities in Nigeria, adding that “disruptions to these operations have the potential to significantly impact revenues.”

The company made the announcement in a statement after a six-week blockade by former workers at the oil facilities.

Mobil Producing Nigeria, the ExxonMobil subsidiary that released the statement, produces over 550,000 barrels per day of crude oil, condensates and natural gas liquids, according to the company website.

Nigeria’s average production in the second quarter of 2018 was 1.8 million barrels per day, according to the country’s statistics office.

The blockades were described in ExxonMobil’s statement as the “playing of loud music, defacing of company facilities and intimidation of personnel.”

The “continued denial of access to production facilities could impact the company’s ability to safely continue production operations,” ExxonMobil said.

- Advertisement -

Latest News

Rystad Energy warns 2nd COVID-19 wave could see oil demand losing another 2.5 million bpd

As the number of confirmed new COVID-19 cases surges to new global highs of beyond 200,000 per day, a...

Pirates grab nine Nigerians from BW Offshore FPSO

At approximately 4:20 am local time on Thursday, BW Offshore’s FPSO Sendje Berge was subject to an attack by pirates offshore Nigeria in which...

OPEC cuts production to 1991 levels in bid to revive oil demand

(Bloomberg) - OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets...

Liza Crude could be ‘oil of choice’ as refiners seek lighter, sweeter blend

The relaxing of COVID-19 lockdown measures is resulting in more vehicles taking to the roads and this is driving up the demand for lighter,...

Exxon signals second quarterly loss in a row on production, refining hits

(Reuters) - Exxon Mobil Corp’s oil and gas producing and refining businesses will report operating losses in the second quarter, it said in a...

More Articles Like This