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    Exxon Mobil gives Nigeria production warning

    Associated Press – Fri, Feb 8, 2013

    LAGOS, Nigeria (AP) — Exxon Mobil PLC has warned that it won't be able to meet its production forecast for Qua Iboe crude oil pumped from Nigeria due to pipeline repair work.

    The oil major's Nigerian subsidiary said in a statement late Thursday it had declared a "force majeure" warning for shipments of its Qua Iboe crude oil — meaning the company cannot cover the promised supply from the field.

    The company said it was working to repair a section of a major pipeline and that production continues in fields which aren't affected by the damaged pipeline.

    The statement did not say when the lines would be running at capacity again.

    Nigeria, which produces more than 2 million of barrels of oil a day, is a top crude oil supplier to the U.S.

    52 comments

    • djphoenix
      djphoenix  •  2 days 23 hrs ago
      Just another reason to increase the price of gas per gallon.
    • J
      J  •  3 days ago
      There go our oil prices again. Just one more reason to get ourselves self-sufficient in energy using ALL the sources available. I just installed solar on the roof of my house which is expected to cover 80+% of my electric bill on average for the year. We need more of that and fossil fuels need to be included.
      • mnemon
        mnemon 2 days 20 hrs ago
        Forget about dissing subsidies, MikeD. Every energy industry sector has received government subsidies and most of them at a higher percentage than renewables. Oil, coal and gas still receive billions despite being mature industries and nukes cannot even get built without government guaranteed loans because private investors and insurance won't take the risk.

        A 2011 study by Nancy Pfund and Ben Healy finds in a comparison of the first 15 years of industry subsidy life that government support for the oil, gas and nuclear industries as a percentage of inflation-adjusted federal spending far outweighed the support granted to renewables.
    • Abinico Warez
      Abinico Warez  •  2 days 20 hrs ago
      Why are we importing Nigerian oil when the US itself is a net oil exporter - yeah really - google it.
    • Colt44
      Colt44  •  3 days ago
      ahhh well i guess this means our gas is going up again.
    • Rhyno
      Rhyno  •  3 days ago
      In other words....gas prices just went up at least another dime. Probably more this same time tomorrow.
    • robH
      robH  •  3 days ago
      All the complaints of, they have us my the balls and gas is going up ....it's all been said before even by Presidents....Don't worry There is nothing anyone will do about it except pay. End of story
    • Allen
      Allen  •  12 hrs ago
      Can't get in the way of the production quota--there's more money to squeeze out of our customers...I mean, make!
    • Jus Gladii
      Jus Gladii  •  2 days 19 hrs ago
      It's all a huge gouge to the public anyway. There's a way to break the oil companies back, but we have to be united to make it happen. Until then, just keep bending over.
    • gojump
      gojump  •  3 days ago
      Maybe if the thieving Nigerians stopped breaking into the pipelines, they wouldn't have to be repaired
    • Robert
      Robert  •  1 day 10 hrs ago
      I didn't know oil company reps could speak gorilla!
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