Trafigura Offers Forties Crude; Shell Opens Trans Niger Pipeline

Trafigura Beheer BV failed to sell North Sea Forties crude at a lower price than the previous trade. Eni SpA (ENI) sought to sell Russian Urals in northwest Europe at a smaller discount than yesterday without success.

Royal Dutch Shell Plc (RDSA)’s Nigerian unit reopened the 28-inch Trans Niger Pipeline after repairs, the company said in an e-mailed statement today.

North Sea

Trafigura didn’t manage to sell Forties for Oct. 29 to Oct. 31 at 5 cents a barrel less than Dated Brent, according to a Bloomberg survey of traders and brokers monitoring the Platts pricing window. The grade was last sold at a premium of 25 cents on Oct. 14.

The company was also unable to buy Ekofisk for Oct. 29 to Oct. 31 at 55 cents a barrel more than Dated Brent, or a premium of 80 cents for Nov. 7 to Nov. 9, the survey showed. It also failed to find a seller for Oseberg for Nov. 9 to Nov. 11 at 95 cents a barrel more than the benchmark.

BP Plc (BP/) sought without success to buy Oseberg for Nov. 9 to Nov. 11 at $1.00 a barrel more than Dated Brent, or Ekofisk for Nov. 7 to Nov. 9 at a premium of 90 cents, according to the survey.

Brent for December settlement traded at $109.25 a barrel on the ICE Futures Europe exchange at the close of the window, compared with $110.52 from the previous session. The January contract was at $108.66, a discount of 59 cents to December.

Two Forties cargoes for loading in November will be delayed by one day, the first deferrals for the November program, said three traders with knowledge of the loading plan. Cargo F1107 will load on Nov. 10 to Nov. 12 while shipment F1108 will be exported on Nov. 11 to Nov. 13, they said.

The delay was partly because of extended maintenance at the Kinneil oil and gas plant, one person said.

Oseberg cargo 20131102 will be delayed by 14 days to be exported on Nov. 19 to Nov.21, according to three people involved in the region’s oil market.

Ekofisk cargo C11457 will be exported on Nov. 11, one day later than planned, said two people who participate in the market.

BP Plc booked a very large crude carrier, Pluto Glory, to load crude from Hound Point in Scotland on Nov. 10 to South Korea at a cost of $4.8 million, according to Athens-based Optima Shipbrokers Ltd. and Poten & Partners in New York.

Urals/Mediterranean

Eni failed to sell 100,000 metric tons of Urals for Nov. 1 to Nov. 5 loading at a discount of $1.55 a barrel to Dated Brent delivered to Rotterdam, 10 cents more expensive than its offer yesterday, according to the survey.

Glencore Xstrata Plc was unable to sell 80,000 tons of Urals for Oct. 29 to Nov. 2 at 75 cents a barrel less than Dated Brent, the survey showed.

OAO Surgutneftegas issued a tender to sell 100,000 tons of Urals for Nov. 3 to Nov. 4 loading from Ust-Luga on the Baltic Sea, said two traders who received the document. The tender closes tomorrow.

West Africa

BP failed to sell 950,000 barrels of Angolan Pazflor crude for Nov. 4 to Nov. 5 for a third day even after it lowered the offer by 20 cents to a discount of $2.60 a barrel to Dated Brent, the survey showed.

The 24-inch section of TNP remains shut since Oct. 9 following leaks, Shell said.

Shell Petroleum Development Company of Nigeria will “continue to monitor the situation and the force majeure that was declared on Bonny Light exports on October 9 will be lifted as soon as it is operationally possible to do so,” it said.

Angola’s Saturno crude exports will reach a record of six cargoes of 950,000 barrels each, two more than November, according to a revised shipping schedule. One consignment was added to the original plan released yesterday.

Chad will increase exports of Doba crude to three cargoes of 950,000 barrels each in December, one more than November, according to a loading program obtained by Bloomberg News.

PT Pertamina, Indonesia’s state-owned oil company, is scheduled to award its third tender today seeking crude for December delivery to its Cilacap and Balikpapan refineries, according to a tender document obtained by Bloomberg. The result is not yet available.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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