Militants have mostly focused its attacks on Shell-operated installations, sabotaging their pipelines, gas plants and flow stations.
Click to continue reading “Nigeria militants turn against each other in delta”
News and information on Royal Dutch Shell Plc.
Militants have mostly focused its attacks on Shell-operated installations, sabotaging their pipelines, gas plants and flow stations.
Click to continue reading “Nigeria militants turn against each other in delta”
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.
Click to continue reading “New operator to replace Shell in Nigeria’s Ogoniland: president”
“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.
Click to continue reading “Nigeria to Regulate its Oil Industry, President Yar’Adua Says”
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.
Click to continue reading “Shell contains Nigeria oil spill, Bonny affected”
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.
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).
Click to continue reading “Shell warns Nigeria of threat to confidence”
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”).
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.
Click to continue reading “Nigeria: MEND Attacks Shell Facility”
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.
Click to continue reading “Nigerian rebels sabotage Shell oil pipeline”
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.
Click to continue reading “Crude Oil Rises Above $133 on Nigeria Attacks, Asian Subsidies”