Shell Petroleum Development Company of Nigeria Ltd, the local subsidiary of Royal Dutch Shell Plc has declared force majeure on Bonny Light crude oil exports effective on Thursday.
The company in a statement on Friday said the decision was as a result of the shutdown by operator Aiteo of the Nembe Creek Trunk Line, one of two pipelines that export the grade.
Reuters’ report indicates that Traders said exports went down after a ship collided with a single point mooring. One said the vessel was the DHT Sundarbans chartered by Vitol.
According to Reuters Nigerian trade was limited with tender awards coming out and force majeure declared on Bonny Light exports while the market was also looking ahead to September schedules due to emerge next week.
Report indicates that Bonny Light was under force majeure in June due to the outage of the other export line, the Trans Niger Pipeline, delaying export cargoes by roughly 10 days.
Reuters further reports that Total declared force majeure on exports of Djeno crude oil in the Republic of Congo, traders said on Friday, after a collision.
Trade was limited with Eni offering cargoes of Nigerian Brass River and Angolan Palanco, one of the last from the August Angolan programme.
Traders were looking ahead to next week’s release of the September schedules.
