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Posts under ‘Militant attacks’

Selection of current Shell new articles

Nigeria Seizes Foreign Vessel for Alleged Theft of Shell Crude: Bloomberg: 27 April 2017

Nigeria detained a vessel with crew members from countries including Pakistan, Indonesia and Ukraine for alleged theft of crude from a facility owned by Royal Dutch Shell Plc, the navy said.

Bar, business groups back Cravath on fighting disclosure of Shell documents: Reuters 27 April 2017

The New York City Bar Association has joined the U.S. Chamber of Commerce in backing law firm Cravath Swaine & Moore in its appeal of an order to turn over documents belonging to client Royal Dutch Shell plc in a possible overseas lawsuit accusing the oil giant of facilitating human rights violations.

Shell Signs Oil Exploration Cooperation Deal In Oman: OilPrice.com: 26 April 2017

Royal Dutch Shell and Oman Oil Company Exploration & Production (OOCEP) have signed a Heads of Agreement for cooperation in resource exploration in an oil and gas block in Oman, the Omani company said on Twitter on Wednesday. read more

The Nigerian King and a very brazen bid to squeeze millions out of Shell over pollution

By Rachel Millard For The Daily Mail7 December 2016 

Residents of the communities in south-east Nigeria remember clearly the day oil giant Shell first arrived in the 1950s.

Children could hear the rumble of the trucks from a distance, so they’d wave at the drivers as they passed.

It still happened when King Emere Godwin Bebe Okpabi, community leader of the Ogale community in Ogoniland, was growing up in the 1960s.

The region, largely marshland and swamps, was poor but the British firm, with its modern technology and skilled engineers, seemed to represent a new era of prosperity.  read more

Nigerian militants blow up Shell oil export pipeline _ again

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screen-shot-2016-10-20-at-23-00-27Published November 09, 2016 Associated Press

WARRI, Nigeria –  Nigerian militants say they have again blown up an oil pipeline carrying crude for export from Shell’s Forcados terminal in the country’s south. It’s the third attack in eight days on the Trans Forcados pipeline network.

The first came just hours after President Muhammadu Buhari held inconclusive talks with stakeholders aimed at halting the sabotage. Militants and community leaders want development and a bigger share of revenues from oil that has massively polluted the southern Niger Delta. read more

Shell says checking claim by Nigerian protesters of Escravos facility shutdown

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LAGOS Nov 9 (Reuters) – Royal Dutch Shell said on Wednesday it was checking a claim by a group of Nigerian protesters that they had shut down an Escravos oil facility in the Niger Delta operated by its joint-venture partner SPDC.

Shyne Edema, a youth leader in the restive region, said earlier his group was staging a protest at the facility, shutting down power and water supplies as well as crude production.

(Reporting by Libby George, Ananamesere Igboeroteonwu, Ulf Laessing and Alexis Akwagyiram; Editing by Adrian Croft) read more

Militants Attack Nigeria’s Trans Forcados Pipeline, Again

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By Tsvetana Paraskova – Nov 02, 2016, 3:15 PM CDT

Just two days after the Nigeria’s state-owned Trans Forcados oil pipeline resumed operations following an attack in July, militants hit the pipeline again late on Tuesday, a community leader said on Wednesday.

No group has yet claimed responsibility for the attack on the pipeline which carries crude oil and gas to the 400,000-bpd Forcados export terminal owned by Royal Dutch Shell (NYSE:RDS.A).

The attack led to a “massive spill, flooding a creek knee-deep in crude,” the Associated Press quoted Batan community leader Dickson Ogugu as saying. read more

Hearing on Royal Dutch Shell: Committee Room 1, House of Commons Wednesday 2 November 2016

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screen-shot-2016-10-19-at-10-26-17HEARING IN THE HOUSE OF COMMONS WEDNESDAY 2nd NOVEMBER 2016

EXTRACTS FROM A CONFIDENTIAL EMAIL

Subject: JCHR: Claimant in case against Shell to detail experiences in human rights and business inquiry 

More here including House of Commons Library briefings

Watch live here 

Claimant in human rights case against Shell to detail experiences in human rights and business inquiry 

The Joint Committee on Human Rights continue their inquiry into human rights and business on Wednesday 2 November when they hear from John Gbei via video-link from Nigeria. 

Mr Gbei, and members of the Bodo Community in Nigeria, filed a successful lawsuit against Shell in London High Court for two oil spills which occurred in the Niger Delta in 2008 and 2009. The case resulted in an award of £55million; Shell having originally offered compensation of £4,000.  read more

The Niger Delta Avengers are back — and they’ve got big oil in their crosshairs

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Tom DiChristopher: 26 Oct 2016

The Niger Delta Avengers resumed their campaign of sabotage on Tuesday, potentially kicking off a return to the serial bombings the militant group carried out earlier this year.

Those attacks sent Nigerian crude output to a more than decade-low and deepened an economic crisis in the Western African nation brought on by persistently low oil prices. Analysts say the government has been slow to advance a coherent response, and in the absence of an effective strategy, the conflict will likely escalate, putting Nigeria’s recovery in question and global oil supply at risk. read more

Shell To Resume Exports From Terminal Attacked By Militants

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By Erwin Cifuentes – Oct 25, 2016, 5:26 PM CDT

The Nigerian presidency on Tuesday issued a statement affirming that Royal Dutch Shell will resume exports from the Forcados terminal in the Niger Delta region.

“The Shell Director, Mr. Andrew Brown, informed the President of the resumption of oil exportation through the Forcados terminal following its restoration,” the Nigerian presidency said following a meeting between Brown and President Muhammadu Buhari.

Operations at Forcados had been halted after an attack last February against the facility attributed to the Niger Delta Avengers (NDA). Some 250,000 to 300,000 barrels of crude were produced prior to the assault. read more

Shell resumes crude exports from Nigeria’s Forcados terminal-Nigerian government

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by Reuters: Tuesday, 25 October 2016 18:42 GMT

By Felix Onuah

ABUJA, Oct 25 (Reuters) – Royal Dutch Shell has resumed crude exports from the Forcados terminal in Nigeria’s restive Niger Delta following repairs after a militant attack, the Nigerian presidency said on Tuesday.

There was no immediate comment from Shell.

“The Shell Director, Mr. Andrew Brown, informed the President of the resumption of oil exportation through the Forcados terminal following its restoration,” the presidency said after a meeting between Brown and President Muhammadu Buhari. read more

Outlook For Shell Mixed – Caution Ahead

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Gary Bourgeault: October 7, 2016

Summary

  • Debt load associated with BG Group acquisition still weighs heavily on Shell.
  • With a larger percentage of its business gas, it continues to struggle to sustainably break the $3 barrier.
  • EPS will probably drop by over 40 percent for the year.
  • Nigerian asset sales and risks to other holdings in the nation remain a concern.
  • Dividend could remain at current level if the price of oil and gas maintain a higher bottom.

Royal Dutch Shell plc (NYSE:RDS.A) has been taking some good steps to prepare for what it believes will be a strong future for LNG demand, as it puts various pieces of its infrastructure in place around the world. It has the goal of continuing to focus primarily on gas as its major product, looking for a time when it sustainably rebounds in price.

The long term prospects for Shell look fairly solid, but it does face some significant headwinds in the short term, including the debt overhang coming from its acquisition of BG Group, downward pressure on earnings per share (NYSEARCA:EPS), prolonged period of lower natural gas prices, and the loss of revenue from asset sales in Nigeria, along with the risk in the country for other projects it still has there. read more

Nigerian Militants Are Getting Ready to Strike Oil Again

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By Elisha Bala-Gbogbo: October 4, 2016

If the Nigerian government wants to fight militants blowing up oil pipelines, it should send troops into the creeks and mangrove swamps of the Niger River delta. Not the city.

That’s the suggestion of Babalola Olarewaju, a taxi driver who plies the airport route in Port Harcourt, the largest city in the restive oil-rich region.

“We’re talking about people who blow up pipelines in the night and then disappear,” said Olarewaju, 41, as he perched on the hood of his rickety cab outside the Le Meridien Hotel in the city center, referring to three T-72 tanks, Nigeria’s main battle tank, parked about a mile away. “What has a tank got to do here in the city?” read more

Uncertainty persists over reopening of Forcados oil terminal

Punch: Uncertainty persists over reopening of Forcados oil terminal

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2 October 2016

More than seven months after it was shut down, the Forcados export terminal remains offline, with the operator, Shell Petroleum Development Corporation, saying it cannot tell when it will be reopened.

September 21, 2016 marked exactly seven months that Shell declared force majeure on the export of Forcados, one of Nigeria’s largest crude oil grades.

The force majeure, a legal clause that allows it to stop shipments without breaching contracts, came a week after the Forcados export line was attacked by militants in the Niger Delta. read more

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