Total Buys Second Forties Cargo; Libya’s Brega Port Loads Crude

Total SA bought a cargo of North Sea Forties crude, its second this week, while Vitol Group didn’t manage to sell Russian Urals crude at a lower discount than yesterday.

Libya’s Brega oil terminal loaded a cargo of crude onto a tanker, probably the facility’s first since shipments were halted over a month ago amid production and export constraints across the country.

North Sea

Royal Dutch Shell Plc sold Forties cargo F1203 for Dec. 4 to Dec. 6 to Total at a premium of 10 cents a barrel to Dated Brent, according to a Bloomberg survey of traders and brokers monitoring the Platts pricing window. That’s 5 cents less than a trade between the two companies yesterday.

Trafigura Beheer BV failed to buy Forties for Dec. 9 to Dec. 14 at Dated Brent plus 20 cents, the survey showed. Total was bidding for either Dec. 9 to Dec. 14 Forties at plus 10 cents, or Brent crude for loading on Dec. 11 to Dec. 13 at plus 40 cents. Mercuria Energy Trading SA was bidding for Brent crude on Dec. 11 to Dec. 13 at parity to the benchmark.

Total bought Ekofisk cargo C11475 from Shell at $1 a barrel more than Dated Brent, the survey showed. The grade last traded in the window on Oct. 21 at the same level.

The French producer didn’t manage to buy Oseberg for Dec. 11 to Dec. 13 loading at $1 a barrel more than Dated Brent for a second day. The grade was last offered in the window at plus 80 cents on Nov. 14.

Brent for January settlement traded at $108.15 a barrel on the ICE Futures Europe exchange at the close of the window, compared with $108.58 in the previous session. The February contract was at $107.72, a discount of 43 cents to January.

A work-slow action by Norwegian oil-platform maintenance workers probably won’t affect production unless critical offshore repairs are needed.

The conflicts over wages at oil-service companies Bilfinger SE, Beerenberg Corp. AS and Kaefer GmbH, where about 1,400 employees have been working at 45 percent capacity for as long as four days, have caused project delays on ConocoPhillips’ Ekofisk and Statoil ASA’s Statfjord field installations, Safe union leader Hilde-Marit Rysst said today.

“Production would probably be impacted if you got a shutdown that required scaffolding for example,” Rysst said today by mobile phone. Oil companies will otherwise only face delays, she said.

Urals/Mediterranean

Vitol offered 100,000 metric tons of Urals for Nov. 29 to Dec. 3 at a discount of $1.35 a barrel to Dated on a delivered basis to Rotterdam, according to the survey. That’s 35 cents a barrel less than the company’s offer yesterday.

Hellenic Petroleum SA is seeking 80,000 metric tons of Urals for Dec. 3 to Dec. 5 delivery to Greece, according to two people with knowledge of the matter, asking not to be identified because the information is confidential. The tender closes tomorrow at 1 p.m. local time.

Tupras Turkiye Petrol Rafinerileri AS is looking to buy 85,000 or 135,000 tons of CPC Blend crude for Dec. 10 to Dec. 25 delivery, according to three people with knowledge of the tender. The tender closed today at 2 p.m. local time.

The Matilda, a ship able to haul about 600,000 barrels of crude, is was loading at Libya’s Brega facility in the center-east and will depart today, Ibrahim Al Awami, the director of measurement for the oil ministry, said by phone today. Libya’s National Oil Corp. said yesterday that a tanker would load at Mellitah, a facility in the west.

West Africa

Taiwan CPC Corp. is seeking to buy 1.9 million barrels of west African crude for January delivery, according to a tender document posted on the company’s website. Offers are due at 10 a.m. tomorrow and are valid until 7 p.m. on Nov. 22.

PT Pertamina’s tender to buy 950,000 barrels of crude for Jan. 7 to Jan. 9 delivery to its Cilacap refinery in Java closed yesterday, with offers valid until today at 6 p.m. Singapore time, a tender document obtained by Bloomberg shows.

Indian Oil Corp.’s tender to buy crude for Jan 1. to Jan. 15 also closed today, according to a document obtained by Bloomberg News. The tender’s results were not immediately available. The company bought 5 million barrels of Nigerian Qua Iboe, Bonny Light, EA and Escravos from Shell, Total and Chevron Corp. in its first tender.

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