Nigeria’s Oil Exports Surge Blighted by Abductions, Outages
- Shell, Total declare force majeure on some crude oil grades
- Idled Chevron well suffers fire after third-party incident
This article is for subscribers only.
A spate of disruptions and security concerns, including kidnappings, are threatening to hinder surging Nigerian oil exports.
Royal Dutch Shell Plc and Total SA declared force majeure on some of their Nigerian exports over the past week, a measure that allows companies to skip supply obligations. Chevron Corp.’s Nigerian unit said an idled well was interfered with.