Royal Dutch Shell Plc  .com Rotating Header Image

Shell calls “force majeure” on Nigeria exports due to OPEC cuts


November 5th, 2008 @ 5:09 pm

Shell calls “force majeure” on Nigeria exports due to OPEC cuts — Royal Dutch Shell has called force majeure on some of its crude exports from Nigeria. Shell called the force majeure based on Nigeria’s compliance with OPEC — of which Nigeria is a member — to reduce output by 1.5 million barrels a day. Shell didn’t detail who exactly would be getting screwed.

Literally translating to “greater force” a force majeure, says the Yale University Library website, is a clause in a contract that a party may invoke to excuse it from liability if some event beyond its control prevents it from performing its obligations. Force majeure clauses cover natural disasters, “acts of God,” wars, and the failure of third parties — such as suppliers and subcontractors — to meet obligations. There: At BNET Energy you learn something new every day. [Source: Dow Jones via Cattle Network]


This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.