Libya, Nigeria at 'High Risk' of Oil Sector Disruption
Libya and Nigeria are at ‘high risk’ of oil sector disruption, especially towards the end of 2018, according to oil and gas analysts at BMI Research.
“Libya is exploring the possibility of elections at some point over 2018. While our core view here is that elections will be pushed into 2019, militant factions across the country will need to align support with their favoured presidential candidate and will likely turn to disrupting oil infrastructure to gain leverage,” the analysts said in a brief research note sent to Rigzone.
“Similarly, Nigerian elections are scheduled for February 2019. While this remains a year away and potential candidates are unclear, if Buhari chooses to run again or suggests an alternative candidate from the north of the country, it will not sit well with the militant groups of the south,” the analysts added.
BMI highlighted that the Niger Delta Avengers group has already singled out the Egina FPSO as a potential target for attacks, among other infrastructure across the south. In 2016, Niger Delta Avenger attacks on Nigeria’s energy infrastructure threatened West African production and power supply.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
- Sinopec Engineering Posts Higher Annual Petrochemicals Revenue
- Subsea7 Secures Contract to Service Woodside's Trion
- These Factors Helped Brent Oil Price Break Above $85
- Imperial Pipeline in Winnipeg Goes Offline for Three Months
- Adnoc Inks Supply Deal for Ruwais LNG Project with Germany's SEFE
- Gaz System to Acquire Gas Storage Poland
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension