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Posts Tagged ‘Militants’

Nigeria militants turn against each other in delta

Militants have mostly focused its attacks on Shell-operated installations, sabotaging their pipelines, gas plants and flow stations.

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New operator to replace Shell in Nigeria’s Ogoniland: president

ABUJA (AFP) — Nigerian President Umaru Yar’Adua on Wednesday said Anglo-Dutch oil giant Shell would be replaced by another operator by the end of the year in the volatile Niger Delta’s oil-rich Ogoniland region. Speaking in Cape Town, Yar’Adua said it was clear “there is a total loss of confidence between Shell and the Ogoni people” and for that reason “another operator acceptable to the Ogonis” will take over from Shell.

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Nigeria to Regulate its Oil Industry, President Yar’Adua Says

“The law states that that money belongs to the Nigerian National Petroleum Corporation,” Yar’Adua said, adding that he had found out that the oil firms had reached agreements with previous governments that exempted them from paying tax in breach of the law.

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Shell contains Nigeria oil spill, Bonny affected

LONDON, May 28 (Reuters) – Royal Dutch Shell said on Wednesday it had contained an oil spill following a pipeline attack in Nigeria earlier this week but added it could still not meet all supply obligations for Bonny Light crude.

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Big oil lends to Nigeria

Royal Dutch Shell is one of a number of oil majors talking to the Nigerian National Petroleum Corporation, the state-run oil company, about terms for huge loans to kickstart exploration and production in the country. Between them, Shell, ExxonMobil and Total are contributing about $6bn.

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Shell warns Nigeria of threat to confidence

Shell voiced its concerns shortly after agreeing, in a separate move, to lend the government $3.1bn (€2bn, £1.6bn) to help kick-start stalled projects in their Niger Delta joint venture – the Shell Petroleum Development Company (SPDC).

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Nigeria: The Risk Premium

He had to be careful when he spoke to the press. According to the list, he wasn’t supposed to mention the client, Shell (“They are very sensitive about the situation and want to have absolute control over any mention of the company on this deal”).

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Nigeria: MEND Attacks Shell Facility

THE Movement for the Emancipation of the Niger Delta (MEND) yesterday attacked a major trunk pipeline belonging to Shell at Awoba flow station in Degema Local Government Area of Rivers State.

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Nigerian rebels sabotage Shell oil pipeline

Nigerian militants yesterday said they had sabotaged an oil pipeline belonging to Royal Dutch Shell, the latest in a string of attacks that have helped drive oil prices to record highs.

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Crude Oil Rises Above $133 on Nigeria Attacks, Asian Subsidies

May 27 (Bloomberg) — Crude oil rose above $133 a barrel in New York as a militant attack in Nigeria disrupted supplies and on speculation fuel subsidies in Asian countries will continue to spur demand.

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