Shell denies Nigeria claim of pipeline attack

Tuesday, February 9th, 2010

Shell oil company denied Sunday a claim by Nigerian militants that they had attacked a major Shell pipeline in the volatile Niger Delta, a company spokesman said. A group called ...


Mend announced a formal end to an October cease-fire

Wednesday, February 3rd, 2010

The main militant group in oil-rich Nigeria announced a formal end to an October cease-fire, saying oil companies should prepare for "an all-out onslaught." The Movement for the Emancipation of the ...


Mend calls off ceasefire

Saturday, January 30th, 2010

MEND says after careful consideration and extensive consultation, the Movement for the Emancipation of the Niger Delta (MEND) today, Saturday, January 30, 2010, has decided to call off a unilateral ...


Resumption of crude oil production

Thursday, November 12th, 2009

The Shell Petroleum Development Company of Nigeria Limited (SPDC) announced resumption of crude oil production at its 115,000 barrels per day (bpd) East Area (EA) oilfield. The oilfield was shut down ...


London Brent rose $0.04 to $65.58

Tuesday, September 29th, 2009

US crude futures for November gained $0.03 to $66.87 a barrel by 06.40 GMT (2.40am EDT), after closing up $0.82 on Monday, reported Reuters. -------------------- Unrest in Nigeria's oil-rich Niger Delta is ...


Oil News from around the web, World oil demand is expected to grow by 900,000 barrels to 84.6million barrels per day (mbd) in 2010; China is now the world’s second largest oil importer

Thursday, September 10th, 2009

US light sweet crude rose $0.85 to $72.16 in Asian trading -------------------- World oil demand is expected to grow by 900,000 barrels to 84.6million barrels per day (mbd) in 2010, and return ...


Crude oil for August 2009 delivery up 1.2%, to $60.26 a barrel ;London Brent up 1.2%, to $61.60 ; oil and natural gas from Ghana’s

Wednesday, July 15th, 2009

Afren Plc, First City Monument Bank Plc (FCMB) and Guaranty Trust Bank Plc (GTBank) have established First Hydrocarbon Nigeria Company Limited (FHN), which is an... oil and gas company, as ...


Crude oil for August 2009 delivery up $0.50, or 0.8%, to $60.19 a barrel ;London Brent up $0.62, or 1%, to $61.31 ; EU member states and Turkey have signed a transit agreement

Tuesday, July 14th, 2009

 Pemex (Petroleos Mexicanos) will invite contractors to take part in bidding for the Coridon natural gas project Burgos region in northern Mexico. The company said that it could take four months ...


Oil News from around the web, Crude oil for August 2009 delivery was traded at $64.19 a barrel, up $0.14; Nigeria’s crude oil production capacity is expected to decline to 2.46 million

Wednesday, July 8th, 2009

Movement for the Emancipation of Niger Delta (MEND) on Sunday blew up a crude oil facility belonging to the United States oil major, Chevron. The militant group also seized a chemical ...


Oil News from around the web, Crude oil for August delivery on the New York Mercantile Exchange dropped $1.13, or 1.7%, to $66.37 a barrel. . London Brent crude fell $1.08, or 1.6%, to $65.90 a barrel on London’s ICE Futures Europe exchange

Tuesday, June 23rd, 2009

------------- Economic Mills Energy Nigeria to give Ghana more crude oil, extend credit days From Benjamin Mensah, GNA Special Correspondent, Abuja, Nigeria Abuja, Nigeria, June 19, GNA - President ...


Oil News from around the web, Brent crude for July 2009 delivery dropped as much as 51¢, or 0.7%, to $70.41 a barrel on London’s ICE Futures Europe exchange;Crude oil for July 2009 delivery fell as much as 64¢, or 0.9%, to $71.40 a barrel

Monday, June 15th, 2009

Over the weekend the Movement for the Emancipation of the Niger Delta (MEND) said that it had attacked more than one facility belonging to US major Chevron in the Niger ...


Oil News from around the web, US crude fell $0.69 to $57.93 a barrel ; construction of a natural gas pipeline with Russian gas giant Gazprom; refinery in Pakistan

Tuesday, May 19th, 2009

)))))))))Light sweet crude for delivery in June hit 60.48 dollars a barrel in New York, Brent North Sea crude for July delivery touched a six-month high of 59.65 dollars a ...