Friday, June 4, 2010

Oil Spill Disasters: Shell (LSE:RDSA), Chevron (NYSE:CVX), Exxon (NYSE:XOM), BP (NYSE:BP)

Because of the current publicity of BP's (NYSE:BP) massive oil spill, it's easy to forget that other companies have also been in the spot light for major oil spill disasters, including Shell (LSE:RDSA), Chevron (NYSE:CVX), and Exxon Mobil (NYSE:XOM) .

In 2009, the lion's share was sabotaged at their Odidi field in Nigeria. Bombs were aimed on the Trans Excravos pipeline. Because of this attack, Shell's oil spill reached around the world with a loss of 110,000 barrels. In January 2010, Shell said it shut down three pumping stations due to another sabotage that was aimed at the Niger Delta area in Nigeria. This was one of their key pipelines and is said to have spilled into local creeks.

Also in 2009, Chevron experienced an oil leak. Their leak spilled close to 9,300 barrels on water and land. As well as in April of this year, there was a loss of 500 barrels by a pipe leak operated by Chevron. These 500 barrels were deposited directly into Louisiana's Delta National Wildlife Refugee.

Exxon Mobil also plays a role in oil spill disasters of 2009. They spilled close to 18,000 barrels of hydrocarbons in water and land. In May 2010, Exxon declared forced majeure on its oil shipments from Qua lboe, Nigeria. This is resulting in up to 150,000 bpd after a key pipeline leak was found.

No comments:

Post a Comment