Shell Petroleum Development Company of Nigeria Limited, a subsidiary of Royal Dutch Shell, has lifted force majeure on the exports of Bonny Light crude oil, one month after it was declared. A spokesperson for Shell said the force majeure was lifted on Thursday. Reuters reported that Shell declared the force majeure last month following the […]
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The Nigeria National Pe-troleum Corporation, NNPC, plans to lift the force majeure on Nigeria’s Bonny Light crude next month. Shell Petroleum Development Company, SPDC, declared a force majeure on September 16, 2017, on Nigeria’s Bonny Light crude, due to issues affecting one of the two major pipelines leading into the grade’s terminal. According to group […]
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Oil prices rose about 1 percent on Friday, bouncing a bit from steep falls earlier in the week as a declaration of force majeure in the country prompted some buying in a market still worried about the global crude glut. Brent crude oil was up 48 cents at $48.34 a barrel by 12:17 p.m. EDT […]
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Shell Petroleum Development Company of Nigeria Limited has lifted the force majeure on exports of the country’s Forcados crude oil, bringing all of the nation’s oil exports fully online for the first time in 16 months. The SPDC declared the force majeure on February 21, 2016, a week after the main export route, the Trans […]
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