Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: hdrjr who wrote (57820)	1/4/2000 8:51:00 AM
From: hdrjr	Read Replies (1) \| Respond to of 95453

1/4 4:34 Shell Warns Customers of Delays to Nigerian Crude Oil Exports By Dudley White Shell Warns Customers of Delays to Nigerian Crude Oil Exports London, Jan. 4 (Bloomberg) -- Royal Dutch/Shell Group, the biggest foreign oil producer in Nigeria, said exports from its Forcados oil terminal in Nigeria could be delayed by civil unrest. Shell on Dec. 30 invoked a contractual clause -- known as force majeure -- that allows it to miss deliveries because of circumstances beyond its control, said Cerris Tavinor, a Shell spokeswoman. The clause will remain until the end of January, she said, without specifying the nature of the disruption. Oil output in Nigeria from Shell and other companies has been dogged by violence in the Niger delta, where local communities are demanding a bigger share of the country's oil wealth. Shell's Forcados terminal typically exports 400,000 barrels of oil a day. quote.bloomberg.com