Shell Declares Force Majeure In Nigeria  

AFP reports that Shell has declared force majeure on oil exports from Nigeria as MEND steps up its attacks to achieve their goal of reducing exports to nothing - Shell extends force majeure at Nigerian terminal.

Anglo-Dutch oil giant Shell Saturday said it had declared force majeure on Nigerian light crude oil exports from its Bonny terminal after a slew of attacks on its pipelines. "We have declared force majeure as a result of the recent attacks on our facilities," spokesman Precious Okolobo told AFP. Force majeure allows Shell to cite exceptional circumstances which enable it to suspend its contractual obligations.

Nigeria's main armed militant group Saturday said it had destroyed a key pipeline run by Royal Dutch Shell in the sixth attack in nearly as many days and vowed to reduce oil exports to "zero."