Bulletin
Investor Alert

New York Markets Close in:

Feb. 18, 2006, 3:58 p.m. EST

U.S. workers taken hostages in Nigeria

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Padraic Cassidy, MarketWatch

NEW YORK (MarketWatch) -- Willbros Group Inc. said Saturday nine people working on its pipe-laying vessel off the coast of Nigeria were taken hostage early Saturday, including three U.S. citizens.

The oil and gas industry construction and engineering firm was working on an oil project for Shell Petroleum Development Co. of Nigeria in waters offshore near Forcados, Nigeria.

Willbros , based in Panama, said it had "a crisis management team working closely with the appropriate parties and authorities to seek an early and safe resolution of the situation."

The company said nine persons were taken hostage: three U.S., one British, two Egyptian, two Thai and one Filipino national. It said it had not been contacted by the group claiming responsibility.

The Movement for the Emancipation of the Niger Delta claimed it led the storming of the barge, Reuters reported. The group said they were targeting oil pipelines, production platforms and export terminals in the region.

A U.S. State Department official called for the unconditional release of the hostages, according to Reuters.

Nigeria is the world's eighth-largest oil exporter. Royal Dutch Shell suspended exports from the 380,000 barrel-a-day Forcados tanker terminal, according to Reuters, citing a senior industry source.

Padraic Cassidy is a reporter for MarketWatch in New York.

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.