• Contact Us
  • About Us
Friday, November 6, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Shell, Total declare force majeure on Bonny Light

metro by metro
April 29, 2019
in Economy
0
0
SHARES
0
VIEWS

Total oilTwo oil majors, Shell Petroleum Development Company of Nigeria and Total, have declared force majeure on exports of crude on each of their trunk lines, spokespersons for the firms have said.

Mr Bamidele Odugbesan, Manager, Media Communications for Shell, told the News Agency of Nigeria (NAN) in Lagos that the force majeure was declared on Bonny Light crude following the closure of one of two export pipelines.

Read Also

CBN Research Links Budget Deficits To Naira Depreciation, Rising Interest Rate

Tinubu Drops $20.5bn Plan, Seeks $7.7bn Loan To Fund 2026 Budget Deficit

Tinubu’s Economic Reforms Have Favoured The Rich, Worsened Poverty – Atedo Peterside

Odugbesan said the Bonny Light-exporting Nembe Creek Trunk Line was shut at 1200hrs on April 25 although the trunk line was closed on April 21 following a fire outbreak.

His counterpart in Total, Mr Charles Ebereonwu, told NAN that he could not confirm when the closure on Amenam field trunk would be lifted.

Ebereonwu said the public would be notified when such a decision was taken.

According to agency reports, exports of two Nigerian crude grades, good for gasoline production, have suffered significant disruptions such as fire outbreaks and kidnapping in the Niger Delta region in the last two weeks.

Reuters said Bonny Light exports had been planned at 222,000 barrels per day (bpd) in June and 184,000 bpd in May, but trading sources said they were awaiting new loading plans. Shell said the export terminal continued to run.

A port source told Reuters that oil-well shutdowns had reduced Amenam’s daily production and led to force majeure.

Exports of Amenam are typically around 100,000 bpd, and trading sources said loadings had been delayed by roughly 25 days.

Two Shell oil workers were kidnapped last week in Rivers, a development that helped prompt state police to step up security operations.

Tags: ShellTotal
Previous Post

States must improve their IGR in next few years — Osinbajo

Next Post

Trading maintains bearish trend on NSE, down by 0.74%

Related Posts

CBN
Economy

CBN Research Links Budget Deficits To Naira Depreciation, Rising Interest Rate

November 6, 2026
Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days
Economy

Tinubu Drops $20.5bn Plan, Seeks $7.7bn Loan To Fund 2026 Budget Deficit

November 4, 2026
Tinubu’s Economic Reforms Have Favoured The Rich, Worsened Poverty – Atedo Peterside
Economy

Tinubu’s Economic Reforms Have Favoured The Rich, Worsened Poverty – Atedo Peterside

November 4, 2026
US Excludes Nigeria, 17 Other Countries From 2025 Visa Lottery Scheme
Economy

Fed Officials Make Case For Rate Hikes Amid Ongoing Inflation Concerns

October 31, 2026
Next Post
NSE

Trading maintains bearish trend on NSE, down by 0.74%

TUC Reaffirms Rejection of Another Wage Award, Presses FG For Salary Increase

TUC Reaffirms Rejection of Another Wage Award, Presses FG For Salary Increase

November 6, 2026
Jim Ovia At 75: Shettima Celebrates Renowned Banker Fir Building Institutions, Lives

Jim Ovia At 75: Shettima Celebrates Renowned Banker Fir Building Institutions, Lives

November 6, 2026
CBN

CBN Research Links Budget Deficits To Naira Depreciation, Rising Interest Rate

November 6, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version