Royal Dutch Shell has said it is close to resolving a dispute over funding the group’s Nigerian joint venture, Shell Petroleum Development Company (SPDC). Nigeria has already reached agreement with two of its five other joint venture partners in the Niger Delta – Total of France and ExxonMobil of the US – to try to end a cash crisis that has cut production from the world’s eighth-biggest oil exporter.
Posts Tagged ‘Militants’
Nigeria: Shell Restores Damaged Oil Facilities, Resumes Production
Royal Dutch Shell has concluded repairs on two of the four Bonny Light oil facilities damaged by militant attacks, LEADERSHIP learnt yesterday.
As much as 1.4 million barrels a day of Nigerian output lost in April
As much as 1.4 million barrels a day of Nigerian output was closed in April after attacks by militants reduced Royal Dutch Shell Plc’s production and Exxon Mobil Corp.’s Nigerian operations were completely halted by industrial action, according to the IEA report.
Nigeria: Niger Delta – Financial Crisis Hits Shell
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.
Sabotage of our Nigerian facilities is at disaster level – 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.
Nigeria: Gas Flaring – 2008 Deadline Not Achievable – Shell
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.
Nigerian official sees jobs as key to taming violence
The delta rebel group, Movement for the Emancipation of the Niger Delta, has pledged to continue the attacks unless the government increases sharing of oil wealth, government budget transparency and local control of oil property.
Niger Delta Rebels Bomb Shell; Say They Accept Obama Cease-Fire Appeal
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?
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.
Oil price jumps to record over $120 a barrel
A weekend attack by militants on a Royal Dutch Shell plant in the Niger Delta and fighting in northern Iraq combined to intensify supply worries in oil markets.
Oil Rises Above $120 to Record on Concern Over Nigeria Attacks
May 5 (Bloomberg) — Crude oil rose above $120 a barrel to a record in New York on concern that production disruptions in Nigeria, Africa’s biggest producer, will limit supplies.
Shell Shuts Down Production After Militants Attack
Royal Dutch Shell over the weekend shut down more of its production following fresh attacks on its facilities by militants in the Niger Delta.
Shell output in Nigeria cut after raid
Militants in Nigeria attacked Royal Dutch Shell facilities in southern Delta over the weekend, leading to another cut in output.
Nigerian militants attack Shell facility, take hostages from oil ship
LAGOS (Thomson Financial) – Niger Delta militants attacked facilities belonging to Anglo-Dutch oil group Royal Dutch Shell in southern Bayelsa state over the weekend.
Shell oil installation bombed
Suspected militants have blown up a 30,000bpd Shell flow station in Nigerias oil-rich state of Bayelsa, causing a massive oil spillage and dealing another blow at the countrys crude oil export.


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