- Eni's (E -0.1%) Agip pipeline in Nigeria was attacked and set afire over the weekend, marking the 14th terror attack against the pipeline over the past month amid a resurgence of militant violence.
- The attack comes just days after Nigerian Pres. Buhari said he had increased the military presence in the oil-rich Niger Delta region.
- A wave of violence in the area has sent oil production in the region to a 20-year low, and major companies including Chevron and Shell have been forced to cut production and evacuate key personnel amid constant terrorist attacks.