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Posts Tagged ‘Oil Production’

Strategy shift key to oil majors’ growth

LONDON: Western oil majors need to speed up a strategic shift into more complex oil and gas projects if they wish to return to consistent production growth after another quarter of disappointing output. Industry No 2 Royal Dutch Shell said output dropped 1.6 per cent…

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Nigeria: Pollution and poverty stain a land divided by oil

Once dismissed as a group of amateur bandits, Mend has become increasingly sophisticated despite its arsenal of rusty Kalashnikovs. Proof of this came three weeks ago with their audacious night-time raid on the Bonga offshore field, forcing Shell to shut down the 200,000-barrel-a-day operation, and serving notice that deep-water facilities, once seen as safe, were no longer out of bounds.

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Prime Minister Gordon Bean intervenes: Nigerian militants end ceasefire

Mr Brown’s comments amounted to “military support to the illegal government of Umaru Yar’Adua”, the leader of the group, known as Mend, said in an email.

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Oil trading at $136 a barrel on Mideast tension

Renewed concerns about supply disruptions out of Nigeria also emerged as the main militant group there said it would resume attacks in the country’s oil-rich river delta region because of Britain’s recent pledge to back the government.

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Nigeria’s MEND Militant Group Plans to End Cease-fire (Update1)

British Prime Minister, Gordon Brown, said yesterday that the U.K. is prepared to help Nigeria quell unrest near its oilfields as part of an effort to boost world oil output and bring down prices.

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Elusive peace in Nigeria’s oil Delta

Last week, an attack by militants close to the Bonny Island Liquefied Natural Gas export terminal killed nine people, including a pregnant woman and four soldiers.

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Shell injecting new life into Ursa and Princess Fields in Gulf of Mexico

Shell announced today that it has achieved yet another milestone in the Ursa/Princess Waterflood project

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Iraq opens oilfields to international deals

But the long-awaited news was soured by the revelation that five big Western oil companies had refused to sign smaller, short-term service contracts to renovate the country’s dilapidated oil infrastructure unless they were guaranteed a slice of the massive oil-pumping deal.

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Oiling Iraq’s Revival

…some Iraqi nationalists as well as anti-war activists will be strengthened in their delusion that the real reason for the 2003 invasion was the US wish to gain control of Iraqi oil.

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Cries in the Dark: How serious is America’s energy crisis?

James Schlesinger, the first U.S. energy secretary, has said for decades that when it comes to energy policy, the U.S. toggles between complacency and panic.

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