The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 5-Nigerian militants say aim is zero oil output after three new attacks

Fri, 03rd Jun 2016 18:24

* Four grades of Nigeria oil under force majeure

* Violence shows little sign of abating

* President Muhammadu Buhari cancels Delta region visit (Adds Shell confirms leak)

By Libby George and Ulf Laessing

LONDON/ABUJA, June 3 (Reuters) - The Niger Delta Avengersmilitant group has claimed responsibility for three new attackson Nigeria's oil infrastructure, promising to cut production tozero.

The attacks are the latest in a Delta region conflict that amajor local youth group said is "rapidly deteriorating andgetting out of control", putting intense pressure on Nigeria'sstretched finances.

Early on Friday, the group said via its Twitter account ithad blown up a pipeline in Nigeria's Bayelsa state owned byItaly's ENI, hours after attacks on another ENIpipeline as well as one belonging to Shell Petroleum DevelopmentCompany of Nigeria Ltd (SPDC).

"At about 3:30am our (@NDAvengers) strike team blew up theBrass to Tebidaba Crude oil line in Bayelsa," the group said ona Twitter feed it uses to claim attacks.

Shell confirmed its 250,000 barrels a day Forcadospipeline had been hit again and was leaking. "We have ...mobilised appropriate oil spill response measures," SPDC said ina statement.

The pipe had been shut in February after a seawater attackbut a new strike might complicate three-month long repairs, forwhich the firm has brought in experts from abroad. Force majeurhas been in place for Forcados crude since then.

The Niger Delta Avengers say oil firms are responsible forpollution and say the poor swampland region fails to reap anybenefit from its reserves.

It said its attacks had brought Nigeria's oil production tojust 800,000 barrels per day (bpd), from 2 million bpd, withoutkilling anyone, though they hit infrastructure feeding crudegrades already under force majeure.

The ENI pipeline is used to transport Brass River crude.

The group also hit ENI's Ogboinbiri-Tebidaba and CloughCreek-Tebidaba pipelines in Bayelsa and warned ENI not to startrepairs or "we will make you regrets it".

ENI did not respond to a request for comment.

LOUD SOUND

Ayiri Appah, a resident of Ogboinbiri, where the ENIpipelines are located, said he "heard a loud sound" from thearea between 2 and 4 am local time.

Three grades of Nigeria's oil - Forcados, Brass River andBonny Light - are under force majeure, while Exxon Mobil lifted force majeure on Qua Iboe, the country's largest exportstream, on Friday.

Nigeria's oil minister said on Thursday that output was 1.6million bpd. Even if the most recent attacks, which alsoincluded facilities belonging to Chevron under itsEscravos grade, took out all exports of the oil linked to them,June production would remain near 1.2 million bpd.

Experts said the violence showed little sign of abating, andwould keep pressure on the Nigeria's oil production andfinances. President Muhammadu Buhari, a Muslim from the north,on Thursday cancelled what would have been his first visit tothe Delta region since taking office.

The Avengers have accused Buhari of ignoring local problemsby having never visited the Christian region in the south.

The Ijaw Youth Council, which represents one of the largestethnic groups, called on Buhari to "urgently and personally takecharge ... to return peace and normalcy to the region." (Additional reporting by Seng Li Peng, Florence Tan inSingapore, Ulf Laessing in Abuja, Anamesere Igboeroteonwu inOnitsah, Tife Owolabi in Yenogoa and Julia Payne in London;Editing by William Hardy and David Holmes)

More News
10 Dec 2021 12:17

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

Read more
10 Dec 2021 10:41

Shell shareholders vote for move to Britain -preliminary results

AMSTERDAM, Dec 10 (Reuters) - In a preliminary result, Royal Dutch Shell shareholders on Friday voted in favour of a plan to move the company's headquarters and its tax home to Britain.Chairman Andrew Mackenzie announced the preliminary results, ...

Read more
10 Dec 2021 10:17

Siccar Point CEO says Cambo oilfield project paused after Shell exit

LONDON, Dec 10 (Reuters) - Siccar Point CEO Jonathan Roger said on Friday that Royal Dutch Shell's decision last week not to progress the Cambo oilfield project in the British North Sea means the development will have to be paused.Siccar, which ow...

Read more
10 Dec 2021 10:08

UPDATE 1-Royal Dutch Shell shareholders expected to approve move to London

* If approved, Shell's move expected in early 2022* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Updates with colour from meeti...

Read more
10 Dec 2021 00:25

UPDATE 2-Royal Dutch Shell shareholders back plan to shift to London

* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Recasts with shareholder vote)By Toby Sterling and Ron BoussoROTTERDAM/LONDON, D...

Read more
9 Dec 2021 13:37

S.Africa energy minister defends Shell's planned seismic blasting on Wild Coast

* S.Africans protest against oil search in pristine stretch* Area home to whales, penguins, dolphins, seals* Objectors want Africa to stay poor, Gwede Mantashe saysBy Tim CocksJOHANNESBURG, Dec 9 (Reuters) - South Africa's energy minister defended o...

Read more
9 Dec 2021 10:10

UPDATE 2-European shares fall again on Omicron worries

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deutsche Bank skids after DoJ violation report* Defensive sectors cap losses* Investors eye U.S. CPI data due Friday (Updates to close)By ...

Read more
6 Dec 2021 16:58

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

Read more
6 Dec 2021 12:16

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

Read more
6 Dec 2021 12:13

UPDATE 4-BP says Brent benchmark reform should include U.S. oil, dump Brent

(Adds background)By Julia PayneLONDON, Dec 6 (Reuters) - BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have eva...

Read more
5 Dec 2021 13:57

S.Africans protest against Shell oil exploration in pristine coastal area

By Siyabonga SishiPORT EDWARD, South Africa, Dec 5 (Reuters) - South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphi...

Read more
3 Dec 2021 16:05

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
3 Dec 2021 14:31

Nigeria's Bonga oil export terminal in maintenance until next week - Shell

LONDON, Dec 3 (Reuters) - Nigeria's Bonga crude oil export terminal is undergoing planned maintenance until next week, operator Shell said on Friday.Bonga is typically one of the larger export streams from Africa's largest oil producer. It was sch...

Read more
3 Dec 2021 12:06

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

Read more
3 Dec 2021 10:19

Shell wins court case to start seismic surveys offshore South Africa

CAPE TOWN, Dec 3 (Reuters) - A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell starting seismic surveys to explore for petroleum systems off the eastern seaboar...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.