Posts on ‘February 20th, 2006’

20 February 2006 OIL prices surged today as investors took fright at the renewed terrorist attacks on Shell's operations in Nigeria. Brent crude jumped $1.51 a barrel to $61.40 after militants claimed to have launched fresh attacks on the company's oil platforms. The unconfirmed incidents came after nine foreign oil workers were kidnapped at the [...]

Reuters LONDON – Attacks on Nigerian oil facilities could make Royal Dutch Shell 2006 production goals unattainable, analysts said today. Shell suspended a total 455,000 barrels a day (bpd) of oil production — 19% of Nigeria’s total output — after a string of militant attacks at the weekend. It said today it had also evacuated [...]

Mr Donovan After reading some contributions to your site of insiders it made me decide to share something with you and your readers. Perhaps you see it fit to publish, I have no other avenue to vent my frustration and very deep anger. Of late the networks have highlighted the treatment of prisoners by Americans [...]

By WESLEY LOY Published: February 19, 2006 Last Modified: February 19, 2006 at 02:24 AM For oil giant Shell to reach its goal of pumping oil from Beaufort Sea fields, it'll have to deal with two behemoths: the endangered bowhead whale, which North Slope Natives hunt and fervently protect, and the U.S. Department of the [...]

Royal Dutch Shell plc (“Shell”) and Sonatrach, the Algerian national energy company, have signed a Memorandum of Understanding covering multiple business initiatives, both in Algeria and internationally. Areas of cooperation will include investigating the commercial and technical feasibility for joint developments in Algeria, including upstream development projects, LNG, products and marketing and investigating and evaluating [...]

Shell, Sinopec Rush for Canadian Oil Sands, Send Prices Soaring Feb. 20 (Bloomberg) — Canada's hottest piece of real estate isn't much to look at, a mix of swamp and scattered spruce and pine trees in northern Alberta. Underneath the muskeg lie the oil sands, by some measures the world's largest petroleum reserves outside Saudi [...]

Feb. 20 (Bloomberg) — Shares of Royal Dutch Shell Plc, the world's third-largest oil company, may drop after Nigerian militants reported new attacks against oil installations it operates in the country. Militants blew up a Shell oil-pipeline manifold at Odidi in Delta state and an abandoned Nigerian army vessel during an attack at 2 a.m. [...]

Nigeria Militants Report New Attacks on Shell, Army (Update1) Feb. 20 (Bloomberg) — Nigerian militants reported new attacks on the army and an oil installation operated by a Royal Dutch Shell Plc venture, two days after taking nine hostages and causing a fire at Forcados offshore export platform. Militants blew up a Shell oil-pipeline manifold [...]

ASSOCIATED PRESS February 20, 2006 WARRI, Nigeria — Militants responsible for a string of attacks and kidnappings that have cut Nigerian oil exports by 20% threatened for the first time yesterday to target international oil tankers coming into this West African nation's waters to load crude oil. The country's military responded by giving assurances that [...]

By Angela Jameson After a career as an oilman, Paul Skinner is helping a miner to alter its style and extend its reach. WHEN things are going well, it can be tempting to sit back. In mining right now, that temptation is obvious. Mining companies are making record profits and their shares are attracting a [...]

By Charles Pym in Lagos (Filed: 20/02/2006) A Briton was among nine oil workers kidnapped in Nigeria at the weekend in a series of attacks that threatens to destabilise the lucrative industry. Shell shut down more than one-fifth of Nigeria's oil exports – stoking fears of a rise in fuel prices – after a team [...]

· Leadership wins crucial vote on policing board · Adams warns dissident republican groups Owen Bowcott in Dublin Monday February 20, 2006 Sinn Féin signalled yesterday that it was closer to joining Northern Ireland's policing board when hardline proposals to reject a deal were defeated at its annual conference. The vote on one of the [...]

Rory Carroll , Africa correspondent Monday February 20, 2006 Militants in the Niger delta threatened to escalate their campaign against oil exports yesterday by firing rockets at international tankers. The warning came a day after nine foreign oil workers were abducted in a series of raids which forced the closure of an oil platform and [...]

By REUTERS Published: February 20, 2006 Filed at 2:35 a.m. ET LAGOS (Reuters) – Nigerian militants said they blew up a military houseboat and an oil pipeline on Monday, extending a campaign of sabotage in the world's eighth largest exporter which has already cut supplies by a fifth. The militants, who are holding nine foreign [...]

Feb 20, 2006 MAYO Co Council has issued an assurance that preparatory works on the site for the Corrib gas terminal have not affected the quality of the water source for thousands of homes in the Erris area. Concern had been expressed to the authority about the level of aluminium in Carrowmore Lake, which is [...]