Posts Tagged ‘nigerian’

ExxonMobil puts force majeure on Qua Iboe crude

by on November 21, 2012 2:08 pm BST
The US supermajor’s Nigerian unit declared force majeure on Qua Iboe crude oil exports due to outages caused by an oil spill on 9 November, which witnesses said had spread 20 miles down the coastline."There are issues with two areas in a pipeline resulting in hydrocarbon release offshore," an oil

Heritage heading for Kurdistan exit

by on November 12, 2012 8:12 am BST
Heritage initially reduced its share from 75% to 49% in August, with Genel Energy paying $156 million for the 26% stake and providing Heritage with a $294 million exchangable loan.Heritage announced on Monday that it had notified Genel of its intention to repay the loan by transferring its remaining 49

Nigeria floods take toll on output

by on November 7, 2012 7:07 pm BST
West African oil traders told Reuters six or seven cargoes of Nigerian crude of around 1 million barrels each have been delayed out of the total of 72 Nigerian crude cargoes that had been due to load in November."Production is back to normal and has been for some time. It was

Kidnapped Bourbon crew free

by on November 1, 2012 7:51 am BST
The six Russians and one Estonian snatched from the anchor-handling tug supply vessel Bourbon Liberty 249 off Bayelsa state on 15 October are said to be in good health.French ship owner Bourbon said the crew members were released on Thursday although it is more likely they were released Wednesday or