Shell Lifts 'force majeure' for Forcados Liftings
Royal Dutch Shell lifted force majeure on exports of Nigeria's Forcados crude oil, a spokeswoman said on Wednesday. The grade, which typically exports 200,000-240,000 barrels per day (bpd) had been under force majeure since February 2016 following a militant attack on the main export route, the Trans Forcados Pipeline. Last week Shell issued a loading programme for June exports that lifted planned exports from Nigeria to at least a 15-month high. Reporting by Libby George
Shell Declares Force Majeure on Forcados Crude Exports
Shell has declared force majeure on exports of Nigeria's Forcados crude oil stream, a spokesman for the company said on Wednesday. It declared force majeure on the evening on May 5 following "a series of leaks" in the Trans Forcados pipeline that brings the oil to the export terminal. The pipeline itself is operated by the Nigerian Petroleum Development Company (NPDC). Several cargoes of Forcados for May loading were still on offer, with around 189,000 barrels per day (bpd) scheduled for export in six cargoes. The June export program, with a total of 158,000 bpd, had not yet started trading, sources said. An overhang of light sweet crudes…