Post Tagged with: "force majeure"

Source: Oil Price

Ecuador’s NOC declares force majeure after indigenous protests

Oil Price


Ecuador’s state-run oil company, Petroecuador, has declared force majeure on three more oil blocks due to protests by the indigenous Kichwa community, just days after doing the same for another block.

The three blocks were jointly producing …

Source: Reuters

Exxon declares force majeure on Russian Sakhalin-1 operations

Yahoo Finance


Exxon Mobil Corp said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude out of due to sanctions on Russia.

The …

Source: World Oil

Shell, Eni declare force majeure on two large Nigerian oil flows

World Oil


(Bloomberg) — Shell Plc and Eni SpA both declared force majeure on key oil flows from Nigeria, threatening to disrupt supplies in a market that’s already fretting about the impact of Russia’s invasion of Ukraine.

Shell’s measure has …

March 14, 2022 - 2:30 pm Africa, Closing Bell Story‎, Crude Oil News, Energy News
Oil Hits $80 But Nigeria Loses 200,000 BOPD as Shell Declares Force Majeure

Oil Hits $80 But Nigeria Loses 200,000 BOPD as Shell Declares Force Majeure

From The Cable

Goood news: oil prices hit $80 a barrel on Thursday for the first time since November 2014.

Bad news: Shell Petroleum Development Company (SPDC) on Thursday declared force majeure on the exports of Nigeria’s major crude oil, …

May 18, 2018 - 11:22 am Closing Bell Story‎, Commodity Pricing, Energy News