Royal Dutch Shell (NYSE:RDSA): Closing price $63.99
On Monday, Nigeria’s state oil firm Nigeria LNG said that it had declared force majeure on its exports of liquefied natural gas, due to a blockade by the country’s maritime regulator regarding a tax dispute entering its second week. The blockade has prevented liquefied natural gas tankers from getting to Nigeria LNG’s loading terminal on Bonny Island since the middle of June, and originates from a long-standing squabble over the payment of duties on freight and exports between the company and the Nigerian Maritime Administration and Safety Agency. The firm, which is a joint venture between Nigeria LNG, Royal Dutch Shell, Total, and Eni, said in a statement emailed to The Wall Street Journal that it had declared force majeure effective from Friday.
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