Word: shelling
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...from Africa. On a visit to Nigeria three weeks ago, Chinese President Hu Jintao signed deals to increase Chinese exploration and production. But Nigeria's role as a stable producer has taken a hammering of late. Militant attacks have cut production by 20%, hitting companies such as Royal Dutch Shell, and costing the oil majors and Nigeria hundreds of millions of dollars. "There used to be clashes and other problems, but in the past five or six months things have gotten much more serious," says Manouchehr Takin, senior analyst at the Centre for Global Energy Studies, a London-based consultancy...
...easy to see the cause of this deadly hostility. Since the 1950s, when oil was first found in recoverable quantities, the Delta and the waters off Nigeria's coast in the Gulf of Guinea have made the country and oil majors such as Chevron, Agip, ExxonMobil and Shell hundreds of billions of dollars. Nigeria currently earns more than $3 billion a month from oil - which accounts for some 95% of its export earnings and 40% of its gdp. But the vast majority of the people of the Delta still live in severe and visible poverty. One of the first activists...
...drilling-equipment maker Baker Hughes last week, and a day later three oil workers with Italian oil contractor Saipem were kidnapped in the same city but later released. mend says it was not responsible for either act, but whoever is doing the killing has spooked the oil companies. Shell, which is by the far the largest operator in Nigeria, has been forced to evacuate staff and scale back operations in the past few months. Time asked representatives of a number of oil companies to comment for this story, but all declined interviews. In an e-mailed statement, a Chevron spokesman...
...depressing songs are monumentally mordant (many are about breakups, one's about death), but she also flashes a sense of humor ("My friend, you left me in the end/ I can't believe I'm writing a song where friend rhymes with end") and really comes out of her shell on Song No. 6, a sweet, stomping duet with fellow melancholic Ron Sexsmith. Most compelling of all is her voice--a mix of Bjork's unpredictability and Joni Mitchell's directness that makes even the dourest material affecting...
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