Fidelity bank card banner Camano banner
Shell resumes Bonny Light crude export

By News Express on 08/07/2016

Views: 3,259

Royal Dutch Shell Plc. has opened the Bonny Light export terminal and began the export of 400,000 barrels per day Bonny Light oil from Nigeria.

The oil firm stated that it had also lifted its over two-month old force majeure on the crude grade. The force majeure, declared on May 10, was lifted at 09:00a.m. Nigerian time, according to an email statement from the Anglo-Dutch Company yesterday. This, the statement read, came after production was restored at the Bonny terminal.

The installation, which has a total capacity of 600,000 barrels per day, is used to evacuate 400, 000 barrels of crude daily, according to Shell’s website.

The force majeure was declared in early May because of a leak on the Nembe Creek trunk line, though natural gas supplies from the terminal were unaffected. Nigerian oil exports have been severely affected in the past couple of months because of an unprecedented increase in militant attacks, many of which have been organised by the Niger Delta Avengers.

The supply disruptions helped push oil prices above $50 a barrel, but as the attacks have subsided, prices have retreated in the past two weeks closer to $45 a barrel.

The oil major had, through its subsidiary in Nigeria, Shell Petroleum Development Company (SPDC), declared force majeure on exports of Bonny Light grade of crude oil due to a leak, which then led to the closure of the Nembe Creek Trunkline (NCTL).

This development was then a major setback to Nigeria’s crude exports, which have been plagued by militant attacks in recent days. Aiteo-operated NCTL and the Trans Niger Pipeline (TNP) are the two major pipelines in the Eastern Niger Delta that transport crude oil production from SPDC, Aiteo and third parties in their Eastern operations to the Bonny Export Terminal in Rivers State.

The Aiteo group, it would be recalled, acquired 45 per cent stake in the 97-kilometre NCTL and the prolific Oil Mining lease (OML) 29 from Shell and other joint venture partners – Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited. Shell has since handed over operatorship of the pipeline to the Aiteo Group.

•Sourced from New Telegraph.


Source News Express

Posted 08/07/2016 12:58:05 PM





You may also like...
What does happiness mean to Gov Okorocha?

Lagos APC, the true face of corruption: Tinubu,...

MOSOP leaders reject Belema Oil, dismiss Ogoni royal...

EFCC arrests businessman for possessing fake NNPC oil...

Solar Lighting: IFC/World Bank target 90 million Nigerians...

Expect more bombings, militants tell FG; We’re ready...

14 suspected human traffickers nabbed in Rivers

NIA, Awka Capital Development Authority brainstorm on Obiano’s...

Minimum Wage: Nationwide protest begins Tuesday — NLC...

FG approves contract for Ado-Ekiti- Osogbo railway

Significance of Chrism Mass, By Bernard Balogun

Skills: NYSC seeks FG, private sector support


Latest News Journalist shot, top police officer killed as Shiites, Police battle in Abuja Some people kicked against my appointment as Kaduna Commissioner for Internal Security and Home Affairs — Aruwan Popular actress faces cocaine charge Ihedioha's list of commissioners ready on Tuesday Tribunal dismisses suit against Senator Chimaroke Nnamani Many feared killed as bandits attack Katsina community Group establishes 5-Bed Pediatric Intensive Care Unit at UNTH •To extend gesture to other teaching hospitals in Nigeria’s six geo-political zones 14 million Nigerians on drugs - Pharmacists Council 151 repentant Boko Haram members freed to go home Nigerian teenager killed in South Africa Some Yoruba leaders will be first to flee if war begins – Junaid Mohammed How we rescued 55 persons kidnapped by bandits in Zamfara – Police


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (511,361 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,953 views) Shameless Genevieve Nnaji exposes breasts in public (374,087 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (317,109 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (282,916 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (247,487 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (239,763 views) 10 cars more expensive than Jets (224,842 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (221,592 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (209,154 views) Lagos plane crash: Journalist releases victims’ names (188,674 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (187,271 views)


NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (97) Business & Economy (4,359) Business Verdict (76) Columnists (1,076) Complaints & Requests (95) Enterprise & Opportunities (211) Entertainment (636) Features (781) Global Business Monitor (396) ICT Monitor (54) International (3,737) Interview (194) Live Commentary (30) Love Matters (164) Maggie's Blog (342) News (48,955) Opinion (1,293) Pidgin (17) Politics (11,181) Religion (1,053) Sports (2,106) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera