• Contact Us
  • About Us
Monday, June 23, 2025
  • 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

Shares Slip, Oil Prices Rise As Investors Weigh Iran Risks

Investors Brace For Oil Price Spike, Rush To Havens After US Bombs Iran Nuclear Sites

Trump Says May Change Mind About Firing Fed Chair, Powell

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

Shares Slip, Oil Prices Rise As Investors Weigh Iran Risks
Economy

Shares Slip, Oil Prices Rise As Investors Weigh Iran Risks

June 23, 2025
Investors Brace For Oil Price Spike, Rush To Havens After US Bombs Iran Nuclear Sites
Economy

Investors Brace For Oil Price Spike, Rush To Havens After US Bombs Iran Nuclear Sites

June 22, 2025
Trump Accuses Fed, Powell Of Creating Inflation On Heels Of Rate Decision
Economy

Trump Says May Change Mind About Firing Fed Chair, Powell

June 21, 2025
CBN
Economy

CBN’s Forbearance Policy, CRR, LRR May Threaten Banks’ Lending, Proposed $1tn Economy

June 18, 2025
Next Post
NSE

Trading maintains bearish trend on NSE, down by 0.74%

Strait Of Hormuz: Key Waterway Under Pressure Between Iran, Israel

Strait Of Hormuz: Key Waterway Under Pressure Between Iran, Israel

June 23, 2025
Concerns As Ecobank Nigeria’s Credit Rating Downgraded To CCC-, Outlook Negative

Concerns As Ecobank Nigeria’s Credit Rating Downgraded To CCC-, Outlook Negative

June 23, 2025
Anger As Fuel Consumption Drops From 64.9m To N52m Daily After Subsidy Removal

NNPCL Opens More CNG Stations In Abuja, Ibadan, Abeokuta

June 23, 2025
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