Nigeria’s Oil Woes Persist as Shell Halts Flows From Forcados
- Shell declares force majeure a month after restarting Bonny
- Shipments halted to allow work at terminal’s mooring buoy
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Royal Dutch Shell Plc halted crude shipments from Nigeria’s Forcados export terminal, dealing another blow to the African nation, which has struggled to stem falling production.
Shell Petroleum Development Co. of Nigeria Ltd. issued a notice of force majeure on Forcados shipments, effective from midday local time on Dec. 21, and plans to issue a revised offtake program in due course. More than 200,000 barrels a day of Nigerian crude normally pass through the terminal.