Nigeria Loses 600,000bpd as Shell Declares Force Majeure on Bonny Light

Shell Petroleum Development Company of Nigeria Limited yesterday declared force majeure on export of Bonny Light, Nigeria’s high grade crude oil. 


This comes just four days after the oil major declared a force majeure on gas supply to the Nigeria LNG’s export facility on Bonny Island due to a leak on the Eastern Gas Gathering System pipeline which Shell uses in supplying most of its gas to NLNG.

Force majeure is a legal clause that allows an oil firm to stop shipments without breaching contracts.
According to Punch, Shell’s Media Relations Manager, Precious Okolobo, said the declaration was because of the shutdown of the Nembe Creek Trunk Line. Inaugurated in 2010, the 100km Nembe Creek Trunk Line which feeds the export terminal has a capacity of 600,000 bpd.

With this declaration, about 600, 000 barrels per day of the Bonny Light crude oil and other productions in Nigeria have now been shut in.

Apart from the Bonny Light crude oil, the other crude oil grades under force majeure are Qua Iboe, Forcados and Brass River.


The attack on oil facilities and installations by militants have worsened the country’s revenue as production and exports continue to suffer.

OJPals, what do you think? Sound off below!

@OJ’s Blog EXCLUSIVE
Email: olumidejohnson.blogs@gmail.com

Comments

Post a Comment

Popular posts from this blog

Slavery: See How White Slave Traders Dehumanised Naked Black Slave Women

Image
Sexual assault of black female folks was paramount during the slave trade era as perpetrated by white people who degraded their Africans to assets rather than human beings.  Sexual assaults of female black slaves by white male plantation owners, their sons, brothers and other male acquaintances were heartlessly perpetrated unhindered in the 15th and 19th centuries before its abolition. Black women were technically degraded to objects for hard work and pleasure with no real value attached to their feelings. History recorded that black women were raped and dehumanized without fear of punishment. The reasons of their white owners couldn't be justified as they smelt of share hatred and xenophobia for their skin colour. Black men were also sexually abused by slaveholders, and sometimes, their wives were not spared from the ill-treatment as they worked tirelessly on farmlands with stipends that amounted to virtually nothing. The slave trade refers to the transatlantic tradi
Read more

Get in Here, Ladies! Tyson Beckford Strips for Massive Eggplant Selfie on Instagram; Fans React

Image
Tyson Beckford is getting older, but the actor and supermodel has refused to quit taunting his Instagram fans with explicit photos. Moments ago, Beckford stripped down to his underwear, showing off his massive meat print and the 45-year-old hunk went on to brag about his anatomy. “Since my team don’t want me posting pics with gunz, as a concealed weapons licensed owner, I give you my .44 Magnum!” he said, sending Instagram on yet another meltdown. In April 2015, the famous black supermodel stripped butt naked for the gram just to promote his new movie, ‘Chocolate City’ where he went nude for the camera in a role as a stripper. Now, he is back, and already fans are flooding his page with comments. See some of the reactions: OJPals, what do you think? Tell us in the comments! @OJ’s Blog  EXCLUSIVE
Read more

‘Queen of SnapChat’ YesJulz Sex Tape Hits the Internet, and it’s Horrible

Image
YesJulz’ sex tape has finally hit the internet. The tape which shows the acclaimed ‘Queen of Snapchat’ having sex with a male photographer was leaked by two people she recruited to work with her. According to  Bossip , the two people – a Miami-based fitness model, Hencha Voigt, and another man, Wesley Victor – hacked into Julz’ phone, got her explicit photos and the sex tape YesJulz recorded. The duo then threatened to release them to the public within 24hrs if she didn’t pay them $18,000 cash. The Miami Beach Police said that Voigt and Victor sent Julz some of the pictures and videos as proof. “ 18K cash … you can have them back as I said you dope chick. I like your movment look if I feel any fun business game over your choice,”  Victor said in his message to Julz last week, and then they gave her a 24-hour deadline. However, the two were arrested hours ago by the police, the cellphone retrieved, and both have confessed to threatening Julz whose real name is Juliean
Read more