

By Dulue Mbachu and Sherry Su: 30 April 2019, 10:38 BST Updated on 30 April 2019
Shell, Total declare force majeure on some crude oil grades
Idled Chevron well suffers fire after third-party incident

A spate of disruptions and security concerns, including kidnappings, are threatening to hinder surging Nigerian oil exports.
Royal Dutch Shell Plc and Total SA declared force majeure on some of their Nigerian exports over the past week, a measure that allows companies to skip supply obligations. Chevron Corp.’s Nigerian unit said an idled well was interfered with.
While the precise cause of the Total force majeure remains unclear, the Shell and Chevron incidents involved third parties. The disruption comes just a few years after militants caused Nigeria’s oil production to plunge by attacking pipelines and other pieces of energy infrastructure. read more
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