Scandoil.com

Crude up after trouble on three continents


Published May 26, 2008
[an error occurred while processing this directive]

Edit page New page Hide edit links

Gulf platforms

The price of crude stayed buoyant on Monday after reports Nigerian militants had blown up a Shell-operated pipeline, Mexican production was down and StatoilHydro’s oil leak made headlines.

Bloomberg reported Mexican production was down 33 percent at Pemex’s biggest field, Cantarell. U.S. oil was up a buck on the news to $133 a barrel.

Reuters, which reported the Movement for the Emancipation of the Niger Delta, or MEND, was behind an attack at the Awoba Flow Station, later reported the Nigerian army denying the attack took place or that it had lost 11 soldiers. Shell has admitted the loss of an average 150,000 barrels per day from Nigeria in the early months of this year.

Meanwhile, StatoilHydro had shut in around the same amount after a weekend oil leak lead to the evacuation of the Statfjord A platform. Area platforms were reportedly affected, although Scandoil.com could not confirm any disruption.




   

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us

 

sitemap xml


 

Home