Spdc News

Robust Asian demand for West African crude is fueling a worldwide surge in shipping rates for the largest oil tankers that is being felt from Houston to Singapore. Chartering rates for Suezmaxes and very large crude carriers (VLCCs) have recovered rapidly in recent weeks after plunging to their lowest in more than year this summer. The spike in rates comes as Asian refiners return to the market after a seasonal turnaround period, and as several key streams of West African crude are finally loading for export after supplies were constrained because of pipeline disruptions in Nigeria. The higher rates, which imply fewer imports into the United States, could support benchmark oil prices in coming weeks.

Shell Petroleum Development Company has declared force majeure (FM) on gas supplies to the Nigeria Liquefied Natural Gas (LNG) export facility on Bonny Island, a spokeswoman said. "The Shell Petroleum Development Company of Nigeria Ltd (SPDC) declared force majeure on gas supply to NLNG on 8 August 2016, following a leak on the Eastern Gas Gathering System (EGGS-1) pipeline through which it supplies the bulk of its gas to NLNG," a spokesman said in an emailed statement. SPDC, Royal Dutch Shell's Nigerian unit, is a joint venture with state oil company Nigerian National Petroleum Corp. They supply gas to the LNG plant. The declaration may impact exports from the facility. Reporting by Oleg Vukmanovic

Royal Dutch Shell is ready to pay up to 30 million pounds ($51 million) in compensation for two oil spills in Nigeria in 2008 after a London court rejected a larger claim, sources involved in the case said on Friday. Around 11,000 residents of the Bodo community in the Niger Delta represented by law firm Leigh Day appealed in 2011 to a London court for more than 300 million pounds in compensation for the spilling of 500,000 barrels of oil. The sources said a Shell offer from September 2013 to settle the case for 30 million pounds remained on the table. The lawyer representing the claimants on Friday rejected the sum. "Shell have consistently sought to underestimate the damage whilst paying only lip service to an apology.

The U.S. Coast Guard (USCG) has announced that it will impose conditions of entry on vessels arriving from the Federal Republic of Nigeria (excluding vessels arriving from certain ports) with effect from June 26, GAC reported in its daily Hot Port News Report. The USCG is authorised to impose conditions of entry on vessels arriving in U.S. waters from ports that it has not found to maintain effective antiterrorism measures. Ports in the Federal Republic of Nigeria were found to not be maintaining effective anti-terrorism measures, with certain exceptions. Beginning June 26, 2014, the below conditions of entry will apply to any vessel that visited a non-excepted Nigerian port in its last five port calls.

Shell Petroleum Development Company Limited (SPDC) has declared force majeure on gas supplies to Nigeria LNG, effective 09:00 hrs (Nigerian time) on Wednesday, May 15 2013. This action is due to production deferment following a reported leak along the Eastern Gas Gathering System (EGGS-1) right-of-way (RoW) near Awoba in Rivers State. In line with safety precautions, we have shut down our Soku and Gbaran Ubie gas export via the EGGS1 pipeline. Some 1.5 billion standard cubic feet of gas per day is currently impacted. For a limited time and subject to capacity limitations, SPDC are able to export about 100-200MMscf/d from Soku via the GTS1.

By Capt. In 2002 the globally operated Korean engineering and construction firm Daewoo E & C Co., Ltd., secured a project order from Shell Petroleum Development Company (SPDC) of Nigeria to construct a gas gathering plant on two concrete barges, to be positioned in the Awoba Creek near the Sambriero River. This gas gathering plant would be connected with a pipeline to the Cawthorne Channel Integrated Project (CCIP). The CCIP is a gas-gathering project, which is a big step forward in contributing to the "flare out" target date in 2008 of the numerous gas flares, as mandated by the Nigerian Government. On December 19 and 22, 2003, respectively, the Process Barge and the Control Barge were safely put on the underwater foundation in Awoba, and first gas is expected by Spring 2004.

Stolt Offshore S.A. has secured a contract from Shell Petroleum Development Company (SPDC) in Nigeria for the ForcadosYokri offshore development in the Niger Delta. The $245 million contract has been awarded to a consortium of Stolt Offshore and the Nigerian company Suffolk which is part of the Adamac group. The Stolt Offshore share of the contract is $110 million. The Forcados Yokri project includes the expansion and refurbishment of existing shallow water oil and gas production and process facilities and the fabrication and the installation of a new production platform with a 250 tonne jacket and 1,300 tonne topsides. Stolt Offshore is responsible for all of the engineering…

and Production Africa Limited (SEPA) and Shell Nigeria Exploration and Production Company Limited (SNEPCO) (together hereinafter referred to as "Shell") announced the intent to improve efficiency and reduce costs, taking advantage of synergies between companies and eliminating duplication, under a project called 'One Shell'. Under One Shell, there will, for example, be one Production organization, one Development organization, one Projects organization, in addition to the sharing of support services. SEPA, SPDC and SNEPCO will continue to discharge all of their respective corporate and contractual obligations as fully functioning separate legal entities. Management of the business affairs of the companies will remain vested in their respective Boards.