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Oil and Gas Technology

Oil & Gas Tecnology Update, News, reports...

Thursday, June 14, 2007


LONDON -- Royal Dutch Shell PLC is looking to cut at least $100 million in its Nigerian operations in the next few years to offset rising costs and prolonged and substantial oil revenue losses caused by security-related production curtailments, people familiar with the matter said.
The move appears to be a sign that Shell, Nigeria's biggest foreign producer, is positioning itself for a period of continuing strife and production problems in the country.
Ahead of Nigerian elections earlier this year, some analysts had hoped escalating violence in the Niger Delta would ease if voting went fairly smoothly and a new ...
Details : wsj

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posted by Webworm, 11:18 AM

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