Forcados

  • Nigeria’s Forcados Exports Unlikely to Resume until 2017

    Nigeria’s Forcados Exports Unlikely to Resume until 2017

    Thursday, 24th November 2016
    Exports of Nigeria's Forcados crude oil is unlikely to resume until early 2017 due to militant attacks.
  • Nigeria Cut Crude Prices

    Nigeria Cut Crude Prices

    Sunday, 23rd October 2016
    The Nigeria National Petroleum Corporation reduced the official selling price (OSP) of Nigeria’s crude oil grades as parts of a strategy to make Nigerian crude attractive to buyers and to help it regain its share of the global crude oil market.
  • Nigerian Oil Output to Continue Its Decline in 2017

    Nigerian Oil Output to Continue Its Decline in 2017

    Sunday, 21st August 2016
    According to a report by the Energy International Administration, the statistical arm of the United States’ Energy Department, Nigeria’s crude oil production is expected to remain depressed through 2017 as a result of militant attacks.
  • ExxonMobil to Reroute Nigerian Crude

    ExxonMobil to Reroute Nigerian Crude

    Sunday, 14th August 2016
    US oil giant ExxonMobil plans to export Qua Iboe crude oil through a secondary pipeline while it repairs damaged of the main line sustained in July.
  • Shell Rules Out Repair of Damaged Oil Facility in Nigeria

    Shell Rules Out Repair of Damaged Oil Facility in Nigeria

    Wednesday, 8th June 2016
    Royal Dutch Shell, the largest oil producing company in Nigeria, which has suffered series of attacks on its 48-inch Forcados export pipeline that links onshore storage tanks with an offshore port, has ruled out the repair of the pipeline for now.
  • Nigeria’s Forcados Oil Pipeline Unlikely to Operate Before June

    Nigeria’s Forcados Oil Pipeline Unlikely to Operate Before June

    Thursday, 14th April 2016
    The repair works on the pipeline feeding Nigeria's Forcados crude oil to the export terminal are expected to continue until June. The grade has been under force majeure since mid February, a week after a pipeline leak forced a halt to loadings to the export platform.
  • Nigeria’s NNPC loses $121.63m due to Vandalism

    Nigeria’s NNPC loses $121.63m due to Vandalism

    Monday, 11th April 2016
    The Nigerian National Petroleum Corporation (NNPC) said it recorded around $121.63m loss in February, when gas supply decline of 70mscf/d to power plants due to vandalism of the Forcados export line.