Mercuria Offers Forties Crude; Statfjord A Resumes Production

Mercuria Energy Trading SA offered three cargoes of North Sea Forties crude at lower levels than in the last session. There were no bids or offers for Russian Urals blend in the Platts pricing window.

Statoil ASA resumed production at the Statfjord A platform yesterday after an oil and gas leak was found on Dec. 28, the company said today on its website.

North Sea

Mercuria was unable to sell Forties for Jan. 14 to Jan. 16 loading at 20 cents a barrel less than Dated Brent, 45 cents less than its offer on Dec. 27, according to a Bloomberg survey of traders and brokers monitoring the Platts window. The trader also failed to sell two other lots for Jan. 23 to Jan. 25 and Jan. 18 to Jan. 20 at a premium of 10 cents.

Royal Dutch Shell Plc withdrew a bid for Forties loading Jan. 20 to Jan. 24 at a discount of 10 cents. The grade last traded on Dec. 24 at a discount of 20 cents to Dated Brent.

Brent for February settlement traded at $111.04 a barrel on the ICE Futures Europe exchange at the close of the window, compared with $112.41 in the previous session. The March contract was at $110.79, a discount of 25 cents to February.

About half of 168 workers were transfered to a nearby installation and production was halted for a day after a leak was detected, Statoil said. Staff have now returned to the platform. Statfjord A, B and C make up the Statfjord field, which was estimated to produce 23,000 barrels a day this year, according to the Norwegian Petroleum Directorate.

The Aframax Majestic left Ekofisk loading terminal Teesside in England for Quintero, Chile, on Dec. 28, shiptracking data on Bloomberg show. The ship is the third vessel to take the blend to the South American country this year, according to data compiled by Bloomberg.

Urals/Mediterranean

Poland’s PKN Orlen is seeking to buy 100,000 metric tons of Urals loading Jan. 11 to Jan. 15 for delivery to the Butinge terminal in Lithuania, according to two people who received the tender, asking not to be identified because the information is confidential. The tender closed today.

Libya resumed crude pumping from the Messla field, state-owned National Oil Corp. said on its website today. The country’s Tobruk and Sarir refineries also restarted operations yesterday, NOC said, citing Mohamed Bin Shatwan of Arabian Gulf Oil Co. Tobruk has the capacity to process 20,000 barrels a day of crude, while Sarir can process 10,000 barrels a day, according to data compiled by Bloomberg.

West Africa

The Republic of Congo will cut February exports of Djeno crude to five cargoes, one consignment less than in January, according to a loading program obtained by Bloomberg News.

The African nation will also ship two lots of N’Kossa grade in February, one more than next month. N’Kossa cargoes are 950,000 barrels each and Djeno lots are 920,000 barrels.

To contact the reporter on this story: Laura Hurst in London at lhurst3@bloomberg.net

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

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