Shell and Chevron suspend oil exports of 134,000 bpd from Nigeria
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Community unrest in the Niger Delta has forced oil giants Shell and ChevronTexaco to suspend exports totalling 134,000 barrels of oil per day from Nigeria, company spokesmen said.
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Authorities have halted oil export flows from the main pipeline in southern Iraq after intelligence showed a rebel militia could strike infrastructure, an oil official said on Saturday.
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THE UAE and Kuwait plan to increase oil production capacity by nearly 3,00,000 bpd and 2,00,000 bpd respectively in the short term in a bid to stabilise the market, which has been rocked by high oil prices touching $53 per barrel prior to the week end.
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Russia suspends vital water use permits for Royal Dutch Shell's Sakhalin-2 offshore oil and gas venture.
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30 August 2004 -- Oil exports from southern Iraq have completely ceased following a series of pipeline attacks by saboteurs. Two senior officials from the South Oil Company, speaking on condition of anonymity
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Trade Unions and civil rights groups in Nigeria, Africa&#39;s largest oil exporter, have called off a national strike over fuel prices.
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No. 7 oil exporter turns to court to stop 3-day-old general strike that threatens crude shipments. ABUJA, Nigeria  - The Nigerian government sought a court injunction Wednesday to stop a three-day
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Oil exports from southern Iraq have come to a complete halt because of attacks on pipelines and are not likely to resume for at least a week, a senior Iraqi oil official said Monday.
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Oil halted a run of heavy losses on   Wednesday, shrugging off rising U.S. fuel stocks as world   powers differed over whether to punish Iran for its atomic work   and oil workers in Nigeria began a three-day strike.
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OPEC, seeking to stem a two-month slide in oil prices, said yesterday Venezuela and Nigeria would cut crude production by a combined 170,000 barrels a day.
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BAGHDAD, Iraq - Insurgent attacks on pipelines have brought oil exports from southern Iraq to a complete halt, a senior oil official said Monday, part of a rebel campaign to undermine the nation's post-war reconstruction efforts.    In Baghdad, military officials and representatives of rebel Shiite cleric Muqtada al-Sadr held talks Sunday aimed at reducing violence in the restive Baghdad slum of Sadr City...
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A community protest in Nigeria's southeastern Abia State has forced the closure of two flowstations and a gas plant, shutting in about 35,000 barrels per day (bpd) of crude, Anglo-Dutch oil giant Shell announced.
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The Nigerian state-run oil company NNPC has ordered the Anglo-Dutch oil group Shell to suspend its restructuring amid fears it could lead to job losses, officials said Tuesday.
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BAGHDAD, Iraq - Oil exports from southern Iraq have been brought to a complete halt, a senior oil official said Monday, following a spate of pipeline attacks launched by insurgents trying to undermine the nation's interim government.    Also Monday, firebrand Shiite cleric Muqtada al-Sadr visited the Imam Ali Shrine in the city of Najaf for the first time since his militia left the holy site on Friday under a peace deal to end three weeks of fighting with U.S...
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The Nigerian military on Friday ordered a halt to patrols around the Niger Delta to underscore the government&#39;s commitment to a truce agreed with militants, a senior oil industry source said.
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Hundreds of protesters have besieged two oil platforms run by Royal Dutch/Shell Group Cos. and ChevronTexaco Corp. in Nigeria's southern oil region, shutting down production of 90,000 barrels of oil a day, company officials said Monday.
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Crude oil prices in Asia reached US$ 52.23 as reports emerge of a possible strike in Nigeria and a sluggish revival of output in key Gulf of Mexico oilfields.