 |
Louisiana Light • 2 days | 73.02 | -0.64 | -0.87% | ||
|
Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | ||
|
Opec Basket • 2 days | 73.65 | +0.08 | +0.11% | ||
|
Mars US • 321 days | 75.54 | -1.36 | -1.77% | ||
|
Gasoline • 11 mins | 2.050 | -0.010 | -0.47% |
|
Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | ||
|
Girassol • 31 days | 79.56 | -1.80 | -2.21% | ||
|
Opec Basket • 2 days | 73.65 | +0.08 | +0.11% |
|
Peace Sour • 14 hours | 66.88 | -0.08 | -0.12% | ||
|
Light Sour Blend • 14 hours | 66.13 | -0.08 | -0.12% | ||
|
Syncrude Sweet Premium • 14 hours | 70.88 | -0.08 | -0.11% | ||
|
Central Alberta • 14 hours | 67.88 | -0.08 | -0.12% |
|
Eagle Ford • 2 days | 67.39 | -0.28 | -0.41% | ||
|
Oklahoma Sweet • 2 days | 67.50 | -0.25 | -0.37% | ||
|
Kansas Common • 3 days | 58.02 | +1.10 | +1.93% | ||
|
Buena Vista • 3 days | 77.67 | +1.10 | +1.44% |
Breaking News:
LNG Industry Faces Uncertain Future
The liquefied natural gas (LNG)…
Chevron CEO: Biden's LNG Moratorium Fails on All Fronts
Chevron CEO Mike Wirth criticizes…
Shell Declares Force Majeure For Gas Supplies to Massive Bonny Island Facility
Shell has declared a force majeure on gas supplies destined for the massive gas facility on Bonny Island – a site co-owned by the Anglo-Dutch firm and the Nigerian National Petroleum Corp.
“The [Shell Petroleum Development Company] declared force majeure on gas supply to [the Nigeria Liquefied Natural Gas facility] on August 8th, 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 statement by Shell said.
The 16-year-old Bonny Island facility has been jointly owned and operated by the NNPC, Shell, Total and Eni since it came online.
The site has the capacity to export a total of 22 million tons of liquefied natural gas in a year, allowing it to secure long-term export contracts with oil majors in Italy, France and Portugal.
Bonny Island is located in the Niger River Delta – an area where separatists have taken to attacking oil operations in order to hurt Lagos’ revenues and force the national government to address development disparities between regions.
Recent estimates suggest that groups like the Niger Delta Avengers have cut Nigeria’s oil production rate by 700,000 barrels per day, playing its part to cause the country to lose its position as the top crude producer in Africa to Angola.
On Tuesday, local media reports surfaced, detailing an attack on a Nigerian military checkpoint in the state of Bayelsa, killing three soldiers. The NDA – the largest separatist group active in the region - has not yet claimed responsibility for the attack.
Cracks in NDA’s leadership are beginning to show. The Reformed Niger Delta Avengers, a group that claims to have splintered off of the original NDA, said this week that Former President Goodluck Jonathan and 19 other politicians have vocally supported separatist attacks in the oil-rich nation.
ADVERTISEMENT
By Zainab Calcuttawala for Oilprice.com
More Top Reads From Oilprice.com:
- Can Mexico Reverse Its Steep Output Decline?
- Oil Majors Leaving South-East Asia – A Red Flag For The Area?
- 30 Years After The Disaster: Ukraine Plans Huge Solar Farm In Chernobyl
Zainab Calcuttawala
Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…
Related posts
Open57.81
Trading Vol.6.96M
Previous Vol.241.7B
