Exacerbating the situation is Nigeria, where armed rebels opened a new front in their campaign against foreign oil companies last week by attacking a Royal Dutch Shell platform 120 miles of the coast. Deepwater platforms have generally been viewed as safe from attack, given their distance from the coast.
Posts Tagged ‘Oil Production’
Shell Nigeria wants to restore Bonga output quickly
ABUJA, June 23 (Reuters) – Royal Dutch Shell wants to get its Nigerian offshore oilfield Bonga back to production as soon as possible, a senior executive said on Monday, but gave no indication of how long that might take.
Who wants oil prices to fall?
…does Saudi Arabia really want to bring oil prices down?
Global Oil Crisis: Oil Rises as Saudi Pledge Fails to Ease Global Supply Concerns
June 23 (Bloomberg) — Oil rose to within $3 of a record on speculation Saudi Arabia’s output increase may not raise global supply because of production halts in Nigeria and the North Sea.
MEND declares “an all out war”
…in a swift reaction to the president’s directive to the armed forces the Movement for the Emancipation of the Niger Delta (MEND), which claimed responsibility for the attack, has declared an all out war and warned all foreigners in the region to leave immediately or face the consequences.
Global Oil Crisis: Chevron pipeline blown up in Nigeria
The sabotage took place hours after militants shut down 200,000 b/d of oil production from Royal Dutch Shell’s Bonga oilfield.
Chevron’s Nigerian Onshore Output Halted After Attack
June 22 (Bloomberg) — Chevron Corp.’s Nigerian onshore oil output remained halted following an attack on a pipeline operated by the company, H. Odein Ajumogobia, the country’s minister of state for petroleum, said today
Nigeria: Shell Stops Producing 200,000 Barrels – After Militants’ Attack
A devastating attack on the huge Bonga offshore oil platform yesterday forced the country’s leading oil producing company, Shell Petroleum Development Company (SPDC), to suspend all production and export activities at the field.
Shell shuts oilfield after gun attack
Gunmen in powerboats sped across more than 100km of open sea to attack a giant oil production vessel off Nigeria yesterday, forcing Royal Dutch Shell to shut down one of Africa’s biggest oilfields
Nigerian Militants Attack Oil Rig, Prompting Shell to Cut Production
The attack is a big blow to Shell, which said it had suspended all production at its Bonga field while it investigates the attacks.
Nigeria attack stops Shell’s Bonga offshore oil: U.S. Captain kidnapped
After the attack, the gunmen came across a separate oil supply vessel and kidnapped its U.S. captain in an apparent opportunistic attack, navy spokesman Henry Babalola said.
Militants say they’ve attacked Nigerian oil rig, kidnapped one foreign worker
LAGOS, Nigeria The most powerful militant group in Nigeria said it launched a rare attack early Thursday against an offshore oil rig but failed to cripple the installation far from shore.
Shell shuts down Nigerian oil field after attack
Royal Dutch Shell says it has shut down production at a Nigerian oil field that produces about 200,000 barrels per day after a militant attack.
Shell Nigeria Losing Up to 400,000 Barrels/Day Output
June 17 (Bloomberg) — Royal Dutch Shell Plc’s Nigeria venture has as much as 400,000 barrels of crude a day shut in as result of attacks by militants on its facilities, an official said.
Plan Would Lift Saudi Oil Output to Highest Ever
The move was seen as a sign that the Saudis are becoming increasingly nervous about both the political and economic effect of high oil prices. In recent weeks, soaring fuel costs have incited demonstrations and protests from Italy to Indonesia.


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