The Oil Drum | More goings-on around the world

171 comments on More goings-on around the world

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Dave Cohen on February 17, 2006 - 1:21pm

This is a wake up call. You might recall that I posted Nigeria Is a Mess and Getting Worse a little while back. This from Bloomberg Oil Jumps on Report `Total War' Declared on Nigerian Producers.

As much as 9 percent of Nigeria's oil production was interrupted last month when rebels blew out pipelines and kidnapped oil-company workers. Militants have said previously that oil companies should leave Nigeria. Last month, they vowed to cut Nigeria's oil export capacity by 30 percent in February.

The threat is supposedly from the Movement for the Emancipation of the Niger Delta (MEND) and the oil companies must leave the delta by midnight tonight or it will be "total war".

We've heard this kind of thing before but I think these folks are getting serious... NYMEX LSC Future is up $1.32 as of now and rising. Could be an interesting weekend.

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Leanan on February 17, 2006 - 1:48pm

Things definitely seem to be heating up in Nigeria:

Shell oil well on fire in Nigeria

New Nigeria helicopter attack in delta

One of the PeakOil.com mods has a father in Nigeria (petroleum engineer, I think). He says no one is allowed to leave the Shell/BP compound. (He also thinks the end of oil is nigh, and warns that the American way of life is going to change drastically. I think Big Oil knows what's coming. They may not admit it in public, but they know, and they've known for a long time.)

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Gets IT on February 17, 2006 - 8:11pm

Actually I found the Video List not quite as shocking as another fire in Nigeria. I quess Shell is upset because they didn't start that one themselves? Their flares are bigger.

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Leanan on February 18, 2006 - 11:14am

Nigeria suspends 380,000 bpd oil exports after attack

Royal Dutch Shell suspended exports from the 380,000 barrel-a-day Forcados terminal on Saturday after militants bombed the tanker loading platform, a senior oil industry source said.
The company is still trying to ascertain the damage to the platform, which is located three miles offshore, but has already begun shutting oilfields in the area which feed the terminal, the source added.
"Of course no ships can go near there now. This is going to be a major deferment," the senior industry source said.
"If we can't export, we can't produce," he added.

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Leanan on February 18, 2006 - 8:01am

Oil workers kidnapped in Nigeria

Nine foreign oil workers have been seized by armed militants from a barge in Nigeria's Niger Delta.
The group, including three Americans, two Thais, two Egyptians, a Briton and a Filipino, were on a pipelaying barge.
Shell's Forcados export terminal was also set on fire, and oil loading there has been suspended.

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171 comments on More goings-on around the world

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