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Shell Nigeria refuses to confirm oil militants’ attack

Nigerian flag. Pixabay

WARRI, Nigeria (AP) — Shell Nigeria refused Monday to confirm a report by the Niger Delta Avengers militant group that it has bombed the company’s Bonny oil pipeline and again crippled its exports. Friday night’s bombing breaks a month-long ceasefire between militant groups and the government and comes days after repairs from an earlier attack had allowed Shell’s exports to ...

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Shell to cut at least another 2,200 jobs globally

Shell expects 4th Q profits to drop at least 40 percent

LONDON (AP) — Anglo-Dutch oil company Royal Dutch Shell says it will trim at least 2,200 jobs globally amid challenging times in the oil industry. The losses are in addition to cuts already being implemented because of the energy company’s merger with BG. The losses will include some 475 positions in the North Sea. Oil companies around the world are ...

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California oil pipeline fixed after thousands of gallons spill

TRACY, Calif. (AP) — Crews have repaired an oil pipeline that broke days ago and spilled up to 21,000 gallons of crude underground in rural Northern California, a spokesman for Shell Oil Co. said Tuesday. The company was running small amounts of oil through the pipeline to test it as crews worked to clean up the spill in undeveloped countryside ...

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Hundreds to protest at 2 oil refineries near Anacortes

oil refineries, Anacortes Washington

SEATTLE (AP) — Hundreds of people are gathering at the site of two oil refineries near Anacortes to call for action on climate change. The three-day event begins Friday and includes protesters in kayaks, community workshops and a three-mile march along the shores of Fidalgo Bay in front of the Tesoro and Shell refineries. It’s part of a series of ...

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Shell Nigeria shuts oil terminal as attacks cut production

Shell, Nigeria

WARRI, Nigeria (AP) — Shell is temporarily closing the terminal exporting Nigeria’s benchmark Bonny Light crude oil as militant attacks have cut production in Africa’s biggest petroleum producer. Shell refused to confirm labor union reports that the company is also evacuating workers from Bonga oilfield following a threat. A bomb attack last week closed a major Chevron facility. Shell’s Forcados ...

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As oil plunges, energy companies cut jobs, postpone projects

oil rig

LONDON — The world’s biggest oil companies are slashing jobs and backing off major investments as the price of crude falls to new lows — and there may be more pain to come. Companies like BP, which said Tuesday it is cutting 4,000 jobs, are slimming down to cope with the slump in oil, whose price has plummeted to its ...

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NEPCO to float tenders next year to buy more LNG

AMMAN — The state-owned National Electric Power Company (NEPCO) is scheduled to float several tenders in 2016 to buy liquefied natural gas (LNG) shipments, Abdel Fattah Daradkeh, the company’s director general, said Monday. Shell provides Jordan with about 80 per cent of its energy needs at present and the company will float a tender to buy the remaining 20 per ...

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Shell plans to shed 2,800 jobs after buying BG Group

LONDON — Royal Dutch Shell says it expects to cut 2,800 jobs once it completes its takeover of rival BG Group. The losses amount to about 3 percent of the combined workforce, and come on top of Shell’s previously announced plan to shed 7,500 staff and contractor positions. Shell agreed to buy British rival BG Group for 47 billion pounds ...

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Oil patch slump oozing anxiety throughout the industry

With Shell job losses still looming and some projects stalled amid the continuing oil-price slump, Alaska’s petroleum industry and its related companies are struggling to adapt to the headwinds that threaten the entire economy. “Don’t go out and buy a new motorhome,” suggested Kevin Durling, majority owner of Petroleum Equipment and Services, saying the consequences of slowing activity in the ...

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