Shell has cut its Nigeria oil output by 20% after a pipeline explosion and the kidnapping of four foreign oil workers.
It is losing 226,000 barrels a day after shutting its EA platform in the southern Delta region and closing the pipeline feeding an export terminal.
Royal Dutch Shell shares fell by 0.9%, or 16p, to £18.35 in morning trading.
The disruption helped push oil prices to new three-month highs on Thursday, but prices have since fallen back, with Brent crude trading at $62.50 a barrel.
Diplomats say the hostages seized from Shell's EA platform came from the UK, the US, Honduras and Bulgaria.
Friday, January 13, 2006
Shell Oil reports that it is reducing production up to 20% from Nigeria as set out here. because of kidnappings and attacks on pipelines: