Militants Release Royal Dutch/Shell Hostages

Friday, September 29, 2000
Royal Dutch/Shell said on Friday that 12 of its Nigerian oil workers abducted by militants in the Niger Delta have been released.

A spokesman for Shell said he had no immediate details and had not been directly in contact with the freed workers, whose captors had demanded compensation for a 10-year-old oil spill in their area.

Naval sources said the captives were freed after the navy threatened to intervene militarily. The 12 were seized on Thursday by youths from Arhavwarien community in Ugheli South Local Council in southern Delta State, on their way to repair a leaking pipeline in a neighboring village.

The militants said they wanted compensation of $1.5 million for a 1989 oil spill.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Saudi SABIC Q1 Profit Falls 1.8 % On Product Prices

Profit at Saudi Basic Industries Corp (SABIC), one of the world's biggest petrochemical firms, slipped 1.8 percent in the first quarter of this year as lower

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue.

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0826 sec (12 req/sec)