Mobil Producing Nigeria Unlimited, a unit of ExxonMobil, will resume shipment of Qua Iboe crude, Nigeria’s largest grade of crude oil in October, three months after the company had declared force majeure on the exports of the grade.
This is coming as oil prices slumped three per cent tuesday following another gloomy prediction by the International Energy Agency (IEA) on demand growth that suggested that oversupply in the oil market might persist for longer than anticipated.
ExxonMobil had declared the force majeure […]
ExxonMobil subsidiary Mobil Producing Nigeria has declared force majeure on exports of Nigeria’s Qua Iboe crude oil, the country’s largest export stream, a spokesman said on Friday.
The declaration came after the company observed a “system anomaly” during a routine check of its loading facility on July 14.
“We are working to ensure loading activities at the facility return to normal. We cannot speculate on any timeline for repairs,” the spokesman said. “Qua Iboe Terminal is operating and production activities continue.”
Nigeria has […]
Niger Delta Avengers (NDA), the militant group claiming responsibility for various pipeline bombings in the Niger Delta, has warned ExxonMobil not to repair its vandalised Qua Iboe terminal blasted by its operatives last Monday.
The group warned in a statement signed by its spokesperson, Mudoch Agbinibo, that if they make any attempt to repair the terminal, something worse will happen.
“We are warning Exxonmobil not to carry out any repair work on the blown pipeline. If they refuse and go ahead with […]
Exxon Mobil Corp said on Tuesday no attacks took place at its facilities after Niger Delta Avengers said it had blown up the Qua Iboe 48″ crude oil export pipeline operated by the company.
“There were no attacks on our facilities,” said Exxon Mobil spokesman Todd Spitler.
Earlier, the Avengers, which has claimed responsibility for a series of attacks in Nigeria’s southern oil hub, said it attacked the pipeline at about 07:30