Precious Okolobo News
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Nigeria’s Movement for the Emancipation of the Niger Delta threatened to bomb mosques and assassinate Muslim clerics, a week after saying it killed 15 security personnel in the southern oil-producing Bayelsa state.
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Nigeria’s Movement for the Emancipation of the Niger Delta threatened to bomb mosques and assassinate Muslim clerics, a week after saying it killed 15 security personnel in the southern oil-producing Bayelsa state.
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Royal Dutch Shell Plc ended curbs on crude exports from its Bonny oil terminal in Nigeria after repairs were completed following a leak on its Nembe Creek pipeline, a company spokesman said.
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Nigeria’s oil thieves are back in action, sabotaging pipelines to rob Africa’s biggest crude producer of more than a 10th of its daily production.
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Mercuria Energy Trading SA failed to sell Forties crude even as it offered at the lowest level in almost a week. Total SA bid unsuccessfully for the grade for a second day.
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Total SA failed to buy North Sea Forties at a higher price. BP Plc booked the tanker Ice Transporter to carry the crude to Chile this month, according to Optima Shipbrokers Ltd. No bids or offers were made for Russian Urals for a seventh session in Europe.
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Fines amounting to $8 billion sought by Nigeria from Royal Dutch Shell Plc and Chevron Corp. for oil spills are not backed by law, said Bukola Saraki, chairman of the country’s Senate Committee on Environment.
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Nigeria’s Bonny Light crude for loading loaded in December and January will be affected by a force majeure declared by Royal Dutch Shell Plc on Nov. 19 after a pipeline leak, a company spokesman said.
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Royal Dutch Shell Plc’s Nigerian unit is “ramping up” its Bonny Light crude production and exports after completing repairs on a pipeline ruptured by oil thieves, Precious Okolobo, spokesman for the company in Nigeria, said by phone from Lagos today.
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Royal Dutch Shell Plc lifted its force majeure on Forcados crude exports as Total SA resumed gas supplies to Nigeria LNG Ltd., operator of the largest liquefied natural gas plant in Africa.
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