Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-Two Nigerian oil pipelines shut down due to leaks

Tue, 20th Jan 2015 17:32

(Adds details on Forcados, Nembe Creek and section of TransEscravos shut down, no immediate comment from Seplat)

By Julia Payne and Libby George

ABUJA/LONDON, Jan 20 (Reuters) - Nigeria's Trans Forcadosoil and gas pipeline and related production as well as Shell'sNembe Creek line, carrying Bonny Light crude, were shut at theweekend, the ministry of power and Shell said in separatestatements on Tuesday.

The 150,000 barrel per day (bpd) Nembe line was shut on Jan.17 after a leak was found, which is still being investigated, aspokeswoman for Shell said. A section of the TransEscravos pipeline was also closed on Jan. 14 for works and toremove crude theft connections.

The pipelines are operated by Shell's Nigerian joint ventureSPDC. Traders said it was too early to tell whether the shutdowns would impact exports. Bonny Light exports were scheduledat 185,000 bpd in January and 170,000 in February. The grade isalso transported via the Trans Niger Pipeline.

A spokeswoman for Shell said there was no impact on BonnyLight exports at present.

Nigeria's power ministry said the Forcados pipeline wasclosed after a leak occurred at the Oteghele axis in thesouthern state of Bayelsa and there was no timeframe yet for theduration of the disruption.

"The minister of power ... has appealed for theunderstanding of electricity consumers, for the reduction inpower supply which this development may cause," the statementsaid.

The affected section of the Forcados pipeline is run bystate-owned Nigerian Petroleum Development Corporation, asubsidiary of the Nigerian National Petroleum Corporation. AnNNPC spokesman did not respond to a request for comment.

A spokesman for SPDC in Lagos said its production is linkedlower down the pipe and was not affected. Nigeria's SeplatPetroleum, which produces around 60,000 bpd andexports crude via the Forcados pipeline, declined to commentimmediately but said it would issue a statement later.

Two other incidents of vandalism occurred in early Januaryaffecting the 24-inch and 28-inch sections of the pipeline. Thedamage took about a week each time to repair before the pipelinewas back in use, the power ministry said.

The pipeline transports the Forcados crude oil grade. About260,000 bpd were scheduled to be exported in January and 210,000bpd in February.

"(The shutdown) takes some cargoes out of the market, but wealready had 10 days delay in Forcados," a trader said, addingthat two January cargoes had already been deferred to Februarywith a knock-on effect into March.

"This may cause further delays" he said, which would supportthe prices of other Nigerian grades. (Additional reporting by Camillus Eboh; editing by Tim Cocksand David Evans)

More News
17 Jan 2022 10:06

Crown Estate Scotland offers 17 projects seabed rights for offshore wind

LONDON, Jan 17 (Reuters) - Crown Estate Scotland said on Monday it has made option agreements to 17 projects which reserve the rights to specific areas of seabed in its ScotWind leasing round which is aimed at supporting wind energy development.O...

Read more
17 Jan 2022 09:20

UPDATE 2-FTSE 100 hits two-year high as GSK boosts

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Unilever worst performer on the FTSE 100* Homebuilders gain as UK home prices soar in early 2022* Taylor Wimpey expects annual results in-l...

Read more
14 Jan 2022 17:48

UPDATE 1-Alberta prioritises oil sands' carbon storage hub, energy minister says

(Adds more details on CCUS)By Nia WilliamsCALGARY, Alberta, Jan 14 (Reuters) - The government of Alberta, Canada's main oil-producing province, plans to move forward "very, very quickly" on its next carbon sequestration hub in the Cold Lake region...

Read more
14 Jan 2022 13:56

UPDATE 1-Brazil's Petrobras trims 2022-2026 production outlook

(Recasts with details, context)SAO PAULO, Jan 14 (Reuters) - Petroleo Brasileiro SA (Petrobras) on Friday lowered its 2022-2026 production outlook to reflect production-sharing agreements involving the Atapu and Sepia oilfields.Brazil's state-run ...

Read more
14 Jan 2022 11:57

For BP, car chargers to overtake pumps in profitability race

* BP focusing on fast battery chargers, executives says* Fast chargers almost as profitable as petrol filling* BP and rivals targeting big growth in EV chargingBy Ron BoussoLONDON, Jan 14 (Reuters) - BP says its fast electric vehicle chargers are on...

Read more
14 Jan 2022 09:55

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

Read more
13 Jan 2022 18:49

Shell to hand over Deer Park refinery to Pemex next week -sources

By Ana Isabel MartinezMEXICO CITY, Jan 13 (Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday.Royal Dutch S...

Read more
13 Jan 2022 09:50

Shell seismic tests approval complied with rules, S.Africa minister says

JOHANNESBURG, Jan 13 (Reuters) - Shell's plan for seismic testing on South Africa's Wild Coast, which critics say threatens dolphins, seals, whales, penguins and other rare sea life, received all necessary environmental approvals, the country's e...

Read more
13 Jan 2022 06:49

UPDATE 3-Activists behind Shell climate verdict target 30 multinationals

* KLM, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds company responses)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutc...

Read more
13 Jan 2022 06:49

UPDATE 2-Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds other companies receiving letters; edits)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDO...

Read more
13 Jan 2022 03:00

Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to moveBy Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutch wing of environm...

Read more
12 Jan 2022 06:43

UPDATE 4-Equinor warns of $1.8 bln UK oilfield impairment

* Mariner field is producing less oil than expected* Reserve estimate downgraded* Operator Equinor holds a 65% stake (Adds partners comment, background)By Terje Solsvik and Nerijus AdomaitisOSLO, Jan 12 (Reuters) - Norwegian energy group Equinor wa...

Read more
10 Jan 2022 12:16

Thyssenkrupp IPO candidate UCE to build 200 MW electrolyser for Shell

FRANKFURT, Jan 10 (Reuters) - Thyssenkrupp's hydrogen unit Uhde Chlorine Engineers (tkUCE), which the German conglomerate plans to list in spring, has signed a deal to deliver a 200-megawatt electrolyser to oil major Shell, it said on Monday.The ...

Read more
7 Jan 2022 09:28

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

Read more
7 Jan 2022 09:12

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.