Wednesday, September 7, 2016

Oil: Shell Lifts Force Majeure On Nigerian Exports

From Oilprice:
At least one source of Nigerian oil exports is set to come back online after Royal Dutch Shell lifted its force majeure on Bonny Light crude exports.

The Nembe Creek Trunk Line was repaired and reopened, allowing Shell to resume exports of its oil, nearly a month after declaring force majeure. Nembe Creek is one of a handful of key pipelines that helps Nigeria brings its oil to the coast for export. The cause of the August outage was not reported on – the pipeline’s operator, Aiteo, said it was from a leak but did not disclose the cause.

In related news, the Nigerian army reportedly arrested two key militants responsible for the attacks on key oil pipelines in the region, including the leader of the Niger Delta Avengers. The arrest comes only days after the Avengers said that they had ceased operations, deciding against further attacks on Nigeria’s oil infrastructure.

The Avengers had been assaulting the oil industry since February, successfully knocking off more than 700,000 barrels per day for much of this year. “We have listened carefully and halted hostilities in the Niger Delta; we expect a genuine and positive attitude to restructuring and self-determination for every component unit of Nigeria,” the Avengers wrote in a statement on August 29....MORE 
The Delta Avengers story is only ten hours old and the repercussions still have to be sorted out.
Army nabs suspected Niger Delta Avengers kingpin
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