Connect with us

Business

Shell declares force majeure as militants hit hard

Published

on

Shell threatens NLNG, floats rival gas firm

The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Monday declared force majeure on Forcados liftings  effective 1500hrs (Nigerian time) February 21, 2016, following the disruption in production caused by the spill on the Forcados Terminal subsea crude export pipeline.

In a statement, SPDC spokesman, Mr Precious Okolobo, said: “SPDC is intensifying efforts on containment and oil recovery from the February 14, 2016, spill while also finalising repair plans”

The force majeure declared by the oil giant means it may not be able to meet its contractual agreements to its business partners.

Last week a group known as Niger Delta Avengers claimed its men carried out attacks on Forcados terminal while declaring “OPERATION RED Economy”.

The statement read in part:

“We are a group of young Niger Deltans who have support from other parts of Nigeria, namely Northern, Western and Eastern part of the country.

We have watched with keen interest, the way and manner in which the President Muhammadu Buhari-led APC government runs the affairs of this country, and we are not pleased with the way things are going. For instance, the so-called anti-corruption fight is directed towards perceived enemies of the government, and those that are sympathetic to former President Goodluck Jonathan.

Read also: Buhari talks tough, warns MTN, Niger Delta militants

“We wonder why this persecution, despite the peaceful manner Jonathan handed over government to All Progressive Congress (APC), when they did not even win the 2015 election because he was after lives of Nigerians as he saw that the APC is blood tasty.

“So far the only two governorship elections that were conducted under this government were and still remain the most controversial elections in the history of this nation.”

“The 2016 budget that was presented to the national assembly is full of fraud, yet nobody has owned up to the frauds spotted in the budget by Nigerians and the national assembly.

“The president has not deemed it fit to expose and prosecute those that are behind these frauds and punish them accordingly, because he is neck dip in these frauds. What kind of anti-corrupt fight is this?”

 

RipplesNigeria …without borders, without fears

 

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

4 × two =

TEST

Investigations