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Nigeria has failed to meet its oil production target for the ninth consecutive month. Fresh data from the upstream regulator shows the country pumped 1.49 million barrels per day in April. This falls just short of the 1.5 million barrels promised to OPEC. While the volume represents an improvement over March, it confirms a stubborn…
The Nigerian Navy has arrested 26 crew members and seized three motor tankers following a midnight raid in the Calabar-Akwa Ibom maritime corridor. Troops from the Joint Task Force, Operation Delta Safe, intercepted the vessels while they were reportedly siphoning crude oil from a wellhead on April 8. This operation marks one of the most…
