Insecurity in Cameroon derails exploration
Force majeure has been declared at two areas in Cameroon, Bakassi in the southwest and Zina-Makary in the far north, as a result of insecurity.
Force majeure has been declared at two areas in Cameroon, Bakassi in the southwest and Zina-Makary in the far north, as a result of insecurity.
A group of 10 university researchers have been kidnapped in Nigeria by suspected Boko Haram insurgents, the state’s oil company said today, according to a news report.
Radical militant group the Niger Delta Avengers has warned it will step up attacks unless oil firms left the region within two weeks.
Militants are increasingly targeting oil facilities in Nigeria with both Chevron and Shell assets coming under attack in recent days.