Shell Nigeria rules out force majeure on oil export after Nembe fire
March 05, 2019 | Company Operations, Nigeria, Terminals & Storage
Lagos, Nigeria | – Shell Petroleum Development Company (SPDC) , a subsidiary of Royal Dutch Shell has disclosed that it does not have plans to declare force majeure on Bonny Light exports after a fire in an area around a key pipeline. A force majeure is usually declared to protect an oil exporter against any liability with buyers because of its inability to meet obligation. Shell stated that the Nember Creek Trunk Line (NCTL) had not been impacted by a fire, having been shut since …