Nigeria: Niger Delta - Financial Crisis Hits Shell

Posted on May 12, 2008 by John Donovan.
Categories: Nigeria, allAfrica.com.

It was learnt that no fewer than 3,000 staff of the company might be laid off in a major re-structuring that will be announced by the company soon.

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Sabotage of our Nigerian facilities is at disaster level - Shell

Posted on May 11, 2008 by John Donovan.
Categories: Nigeria, Shell.

Following recent in-cessant attacks on its production facilities and widespread theft of its crude oil and condensate, especially in the volatile Niger Delta region, the Shell Petroleum Development Company (SPDC) has described the situation as precarious and “an impending disaster in the oil industry”.

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Shell losing 30,000 barrels per day after Nigeria oil attacks

Posted on May 10, 2008 by John Donovan.
Categories: Nigeria, Shell.

PORT HARCOURT, Nigeria (AFP) — Oil major Royal Dutch Shell said Saturday it was losing the equivalent of 30,000 barrels of crude oil per day because of recent attacks against its installations in Nigeria.

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Nigeria’s Production Woes Could Worsen

LONDON — The recent slump in Nigeria’s oil output may have been disastrous for Africa’s largest oil producer, but problems could worsen.

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Oil Rises to Record Above $125 as Nigeria Cuts Curb U.S. Supply

Posted on May 9, 2008 by John Donovan.
Categories: Bloomberg, Nigeria, Oil Prices.

Nigeria production, which fell to the lowest level in a decade in April, has been cut a further this month by rebel assaults on Royal Dutch Shell Plc pipelines. OPEC said yesterday it doesn’t need to increase supplies, even as its president warned prices may reach $200 a barrel.

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Nigeria: Gas Flaring - 2008 Deadline Not Achievable - Shell

Posted on by John Donovan.
Categories: Nigeria, Pollution, Shell, allAfrica.com.

Oil giant Royal Dutch Shell has said that as long as militants continue to attack its facilities and the situation goes unresolved, gas flaring will continue in the country.

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Shell says no timeframe yet for Nigeria oil return

Posted on May 8, 2008 by John Donovan.
Categories: Exxon Mobil, Nigeria, Shell, Thomson Reuters.

LONDON, May 8 (Reuters) - Royal Dutch Shell (RDSa.L: Quote, Profile, Research) said on Thursday part of its oil production in Nigeria remains shut following a spate of sabotage in April to its oil facilities and it still does not know when it can restore the lost production.

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Niger Delta Rebels Bomb Shell; Say They Accept Obama Cease-Fire Appeal

Posted on by John Donovan.
Categories: Nigeria, Shell.

Is it possible that in the midst of the most grueling political ordeal of his life, Barack Obama took time out last week to negotiate with Nigerian Militants?

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Another broken promise to stop gas flaring in Nigeria: Shell pleads poverty and other excuses

Posted on May 7, 2008 by John Donovan.
Categories: Gas, Nigeria, Shell.

Indeed, even if the violence subsided, allowing work crews to safely return to the field, funding is another stumbling block. More than an additional $3 billion needs to be spent to complete the programme to build gas gathering facilities and pipelines. Reduced funding from Shell’s government partner has already delayed work on several projects.

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Nigeria: ExxonMobil, Shell Resume Production

After an eight-day strike, ExxonMobil has returned its oil production output in Nigeria to normal operating levels, while Shell plans to kick off a partial resumption of production after it shut down operations following militant attacks.

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