Shell announced today that it has achieved yet another milestone in the Ursa/Princess Waterflood project
Oil Production
Shell injecting new life into Ursa and Princess Fields in Gulf of Mexico
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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 countrys dilapidated oil infrastructure unless they were guaranteed a slice of the massive oil-pumping deal.
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.
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.
ISN Security Watch: Niger Delta: Nowhere to hide
Royal Dutch Shell's Bonga field, the biggest deep offshore field in Africa and holding more than 1 billion barrels of crude reserves, thus became a showpiece of success in the Gulf of Guinea. Other oil majors such as Chevron Corp, Exxon Mobil Corp and Total also followed with huge offshore oil discoveries that helped make the waters offshore Nigeria a leading global oil exploration hotspot.
However, the aura of invincibility that surrounded the deep-water oilfields in Nigeria is no more. It was shattered on 19 June when the main guerrilla group in the oil region, the Movement for the Emancipation of the Niger Delta (MEND), launched an overnight raid on the Bonga oilfield's floating, storage, production and offloading vessel, forcing it to shut down.
Nigeria: Attack On Bonga – MEND Reveals How Its Men Carried Out Raid
So far, the federal government has reacted by sending more troops to the Niger Delta. Shell has also resumed operations at the said station but under the watchful eyes of two naval frigates as guards.
Nigeria: Shell Restarts Bonga Under Naval Cover
Shell Nigeria Exploration and Production Company, a subsidiary of the Anglo-Dutch oil giant, Shell, has restarted oil production on the Bonga Floating, Production, Storage and Offloading (FPSO) vessel under the protection of two Nigerian navy frigates.
EIA reduces forecast for non-Opec oil production
The world outside Opec is struggling to produce more oil...
US Oil Revenue Oversight Bill May Restrict Resource Access
The House Financial Services Committee Thursday will consider legislation to increase revenue transparency in the petroleum and mining industries.
Shell resumes work at Bonga site
Royal Dutch Shell resumed production yesterday at its giant deepwater Bonga oilfield off the coast of Nigeria, which was shut down last week after an attack by speed-boat riding militants, reports Matthew Green in Lagos .
Congress Looks for a Culprit for Rising Oil Prices
Until recently, lawmakers had focused on the traditional suspects: oil companies and the Organization of the Petroleum Exporting Countries. But increasingly, they are casting a suspicious eye on the role of investors, including speculators, in driving up prices.
Shell restarts Nigeria’s Bonga offshore production
LAGOS (Reuters) - Royal Dutch Shell said it had restarted production at its Bonga offshore oilfield in Nigeria on Tuesday after an attack by militants last week.
Oil Is Steady After Shell Says It Resumed Output at Bonga Field
June 24 (Bloomberg) -- Crude oil was little changed in New York after Royal Dutch Shell Plc said that it resumed production at its Nigerian Bonga field that was attacked last week.
Fragile strategies for a complex conflict
The military was powerless to prevent MEND launching a spate of attacks on pipelines that forced Shell to close 164,000 b/d of oil production in April alone.
Oil continues to rise as Nigerian rebels attack Shell platform 120 miles offshore
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.
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.
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