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- Sabotage forces Shell to cut output in Nigeria: company
- LAGOS AFP — Anglo-Dutch oil giant Shell cut output in southern Nigeria Monday after militants sabotaged at least one of its pipelines supplying crude, officials said. Shell declined to say by how much production was being reduced, stressing that the amount should not be exaggerated because of the possible...
- Research articles 2008-07-28
- Oil jumps as Nigerian attacks cut output
- NEW YORK AFP — Oil prices rallied Monday after militants attacked a Royal Dutch Shell pipeline in Nigeria, leading the Anglo-Dutch energy giant to reduce output. New York's main contract, light sweet crude for September, advanced 1.46 dollars to close at 124.73 dollars a barrel. In London, Brent...
- Research articles 2008-07-28
- Nigeria loses another 120,000 bpd after pipeline attack: industry
- LAGOS AFP — Nigerian militants blew up a key oil supply pipeline operated by Chevron, in the latest attack targeting the country's multi-billion-dollar oil industry, company and military sources said Saturday. The US oil giant was forced to shut down operations as a result of the attack Friday in...
- Research articles 2008-06-21
- Shell halts production at Nigerian oil field after attack
- LAGOS AFP — Militants attacked Shell's main offshore oilfield in Nigeria on Thursday, forcing the Anglo-Dutch giant to shut down production and raising fears for the security of deepsea facilities in the region. "We shut down production at the Bonga oilfield following an attack by unknown militants this morning,"...
- Research articles 2008-06-19
- Oil prices surge past 107 dollars on Iraq pipeline attack
- LONDON AFP — Oil prices jumped above 107 dollars a barrel on Thursday when concern about tight supplies increased on news that saboteurs had blown up a major Iraqi export pipeline, traders said. New York's main oil contract, light sweet crude for delivery in May, rose by 1.12 dollars...
- Research articles 2008-03-27
- Oil prices spike above 107 dollars on Iraq pipeline attack
- LONDON AFP — Oil prices jumped above 107 dollars on Thursday as concerns about tight supplies were stoked by news that saboteurs had blown up an Iraqi export pipeline, traders said. New York's main oil contract, light sweet crude for delivery in May, rose 1.05 dollars to 106.95 dollars...
- Research articles 2008-03-27
- Assailants bomb Yemen oil pipeline
- SANAA AFP — A bomb blast damaged an oil pipeline in northern Yemen early Monday, halting the flow to the Hudeida export terminal on the Red Sea, a regional security official said. Ahmed Fander blamed the attack on a "group of saboteurs" whom he did not identify, according to...
- Research articles 2007-11-05
- Oil prices jump on Nigeria concerns
- LONDON AFP — World crude prices rose strongly after threats of further attacks to oil facilities in Nigeria and ahead of next week's output meeting by OPEC, analysts said. New York's main contract, light sweet crude for delivery in January, climbed 74 cents to 63.23 dollars per barrel in electronic...
- Research articles 2006-12-08
- 55,000 barrels per day of oil cut in new Nigeria unrest: official
- LAGOS AFP — Output of 55,000 barrels per day bpd of oil was cut in Nigeria when armed protesters forced the closure of a flowstation belonging to Italy's Agip company in the Niger Delta, an Agip official told AFP. "A total of 55,000 bpd were shut in as a result...
- Research articles 2006-11-06
- Total first-half profit climbs but output cut by Nigerian attacks
- PARIS AFP — The French oil major Total has posted a 16.0 percent jump in first-half profit but disappointed the stock market with an 8.6 percent drop in production. Total, the fourth-biggest oil group in the world, said Thursday net profit increased to 6.74 billion euros (8.6 billion dollars)...
- Research articles 2006-08-03
- ExxonMobil evacuates staff from Nigeria oil terminal
- LAGOS AFP — The US energy giant ExxonMobil has evacuated non-essential staff from Nigeria's largest oil export terminal amid fears it could be attacked by armed militants. ExxonMobil's Qua Iboe facility in southeastern Nigeria handles exports of 650,000 barrels per day, although the firm's Nigerian spokesman Yemi Fakayejo told...
- Research articles 2006-04-25
- Oil prices stable: above 64 dollars in New York
- LONDON AFP — World oil prices steadied as the market tracked events in major crude producer Nigeria on the eve of the latest weekly snapshot of US energy inventories. New York's main contract, light sweet crude for delivery in May, dipped six cents on Tuesday to 64.10 dollars per...
- Research articles 2006-03-28
- Nigeria seeks 'human shield' hostages as oil prices surge
- WARRI, Nigeria AFP — Nigerian officials sought to negotiate the release of nine foreign workers being held as "human shields" by rebel fighters as the crisis in Africa's biggest oil industry forced world oil prices up sharply. The nine oilmen -- three Americans, a Briton, two Egyptians, two Thais...
- Research articles 2006-02-21
- Shell puts out Nigerian oil well fire
- LAGOS AFP — The energy giant Shell has put out a fire that broke out on one of its oil wells in the Niger Delta but a nearby plant remains closed with a production loss of 37,800 barrels per day. Company firefighters were deployed on Thursday to the Cawthorne...
- Research articles 2006-02-16
- Oil hostages released but Nigerian rebels issue new threat
- LAGOS AFP — Nigerian separatist militants released four kidnapped foreign oil workers but immediately renewed a threat to destroy oil rigs and pipelines and halt the country's key crude exports. The hostages -- an American, a Briton, a Bulgarian and a Honduran -- were handed over to the Bayelsa...
- Research articles 2006-01-30
- Nigerian oil exports under threat after deadly attack
- LAGOS AFP — Nigeria's oil industry, the world's sixth biggest source of crude, was facing a security crisis after separatist militants overran a pumping station and gunned down soldiers and workers. World oil prices surged on the news that guerrilla fighters from a group seeking independence for the Niger...
- Research articles 2006-01-16
- Oil prices climb after Al-Qaeda call for attacks on oil facilities
- LONDON AFP — Oil prices rose, holding above 60 dollars per barrel in New York after Al-Qaeda's number two Ayman al-Zawahiri appeared to call for attacks on oil installations in the Middle East. New York's main contract, light sweet crude for delivery in January, added 45 cents to 60.39...
- Research articles 2005-12-07
- Crude oil market halts slide
- NEW YORK AFP — World crude oil prices rose modestly, at least briefly halting a slump triggered by news of larger-than-expected US petroleum inventories and mild winter weather. New York's main contract, light sweet crude for delivery in February, gained 45 cents to close at 41.77 dollars a barrel....
- Research articles 2004-12-28
- Oil prices ease on profit-taking after Friday's surge
- NEW YORK AFP — World crude prices skidded as fears for US winter fuel supplies eased a little, prompting investors to lock away some profits from last week's rich gains. New York's main contract, light sweet crude for delivery in January, expired at 45.64 dollars a barrel, down 64...
- Research articles 2004-12-20
- Oil prices creep lower as market awaits inventory data
- NEW YORK AFP — World crude oil prices crept lower in thin pre-holiday trade as many brokers waited for the next day's weekly US petroleum inventory data, traders said. New York's main contract, light sweet crude for delivery in February, eased two cents to 45.76 dollars a barrel. ...
- Research articles 2004-12-21
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