Tag: Force Majeure

Nigeria Loses N678.5m Daily As Shell Declares Force Majeure

Shell Petroleum Development Company of Nigeria Limited, SPDC, has declared force majeure on its EA field in the Niger Delta, shutting in about 40,000 barrels of crude oil per day causing Nigeria to lose $4.24 million (about N678.46 million) daily. In a statement by Precious Okolobo, Corporate Media Relations Manager, Shell[Read More…]