• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 22 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 14 hours Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 8 mins Putin Paid Militants to Kill US Troops
  • 22 hours Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 31 mins Victor Davis Hansen on Biden's mental acuity " . . unfit to serve". 1 out of 5 Democrats admit it. How many Dem's believe it but will not admit it?
  • 13 hours Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 17 hours Apology Accepted!
  • 12 mins Is OilPrice a cover for Green Propganda
  • 14 hours The Political Genius of Donald Trump
  • 21 hours Why Oil could hit $100
  • 2 days Biden came out of his basement today (Thursday) and said , "we have 120 Million deaths from Covid 19.
  • 2 days U.S. natural gas at major disadvantage in Europe and China.
  • 19 hours Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link

Breaking News:

Japan Bets Big On Mozambique LNG

Shell To Resume Exports From Terminal Attacked By Militants

The Nigerian presidency on Tuesday issued a statement affirming that Royal Dutch Shell will resume exports from the Forcados terminal in the Niger Delta region.

"The Shell Director, Mr. Andrew Brown, informed the President of the resumption of oil exportation through the Forcados terminal following its restoration," the Nigerian presidency said following a meeting between Brown and President Muhammadu Buhari.

Operations at Forcados had been halted after an attack last February against the facility attributed to the Niger Delta Avengers (NDA). Some 250,000 to 300,000 barrels of crude were produced prior to the assault.

The Petroleum Ministry announced intentions to raise daily crude output to 1.9 million barrels per day, but that goal is in danger from activity by militant groups active in the Niger Delta. Prior to the announcement of the reopening of Forcados, the NDA attacked Chevron’s offshore export pipeline at Escravos on Tuesday.

“This action is to further warn all IOCs (international oil companies) that when we warn that there should be no repairs pending negotiation/dialogue with the people of the Niger Delta, it means there should be no repairs,” an NDA statement read according to OilPrice.com.

“Any attempt to use dialogue to distract us so as to allow the free flow of our oil will halt the dialogue process,” noted the militants, whose strategy of targeting oil and gas infrastructure is part of their armed push against the government.

Regarding the dangers of oil exploration in the Niger Delta, Buhari underlined the importance of ensuring safety to the oil infrastructure while also urging firms to take greater efforts to compliment state security efforts. Brown, meanwhile, urged the government to provide continued protection for the Forcados site by the Nigerian Navy.

"Brown commended the anti-corruption posture of the Buhari administration as well as the efforts to streamline and stabilize the economy for long term projects, saying all the efforts will go a long way to reinforce Shell investment plans in Nigeria," the presidency statement added per Reuters.

By Erwin Cifuentes for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News