Shell declares force majeure shuts 600000bpd export pipeline #
It appears that you're referring to a recent news article about a significant development in the energy sector. Here's a breakdown of the information:
Shell declares force majeure on 600,000 bpd export pipeline
- Shell: Royal Dutch Shell, a multinational oil and gas company.
- Force majeure: A contractual clause that allows a party to terminate or suspend their obligations due to unforeseen circumstances beyond their control, such as natural disasters, wars, or supply chain disruptions.
- 600,000 bpd: 600,000 barrels per day, which is a significant volume of oil exports.
The article likely reports that Shell has declared a force majeure on one of its export pipelines, which means that the company is unable to fulfill its contractual obligations to export 600,000 barrels of oil per day due to circumstances beyond its control. This could be due to various reasons such as pipeline maintenance, natural disasters, or supply chain disruptions.
The impact of this declaration will likely be felt in the global oil market, as it may lead to a reduction in oil supplies and potentially affect oil prices.