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Posts on ‘March 19th, 2015’

Shell, Eni Making No Progress on Nigeria Oil Spills: Amnesty

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(Bloomberg) — Royal Dutch Shell Plc is making no progress curbing oil spills in Nigeria and Eni SpA’s operations in the West African country are out of control, according to Amnesty International.

The two companies reported more than 550 spills in the southern oil-rich Niger River delta last year, compared with an average of 10 spills a year in Europe between 1971 and 2011, said Amnesty.

“These figures are seriously alarming,” Audrey Gaughran, Amnesty’s global issues director, said in a statement on Thursday. “In any other country, this would be a national emergency. In Nigeria it appears to be standard operating procedure for the oil industry.”

Nigeria produces about 2 million barrels of oil a day, more than any other African country. Spills are blamed for damaging the environment and fishing villages in the delta. Oil companies often blame sabotage and theft, a claim which local people contest. read more and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

Non-U.S. Shales Prove Difficult to Crack

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March 18, 2015 11:20 p.m. ET

Exxon, Shell and others are pulling back from once-promising shale finds in Europe, Asia

After spending more than five years and billions of dollars trying to re-create the U.S. shale boom overseas, some of the world’s biggest oil companies are starting to give up amid a world-wide collapse in crude prices.

Chevron Corp. , Exxon Mobil Corp. and Royal Dutch Shell PLC have packed up nearly all of their hydraulic fracturing wildcatting in Europe, Russia and China. 

“The pace of development outside North America is slower everywhere than people thought it would be,” Simon Henry, Shell’s chief financial officer, said in a recent interview. read more and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.
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