June 13, 2011

Shell in Nigeria declares force majeure after pipeline fires

AFP - Shell in Nigeria on Monday warned it may not be able to meet its contractual obligations for June and July on its Bonny Light crude, after multiple pipeline fires and leaks blamed on sabotage.

The Anglo-Dutch oil giant said it declared a "force majeure on Bonny Light loadings for June and July... as a result of production cutbacks caused by leaks and fires which occurred last week on the Trans Niger Pipeline (TNP)." Read more.