W. Africa Crude-Some Angolan Spot Moves

Julia Payne
Friday, December 24, 2021

 A few Angolan spot cargoes changed hands on Thursday, while results from a few tenders were still outstanding.

Angola's state oil firm Sonangol sold its last February spot cargo, a Girassol, to Exxon Mobil after offering it at dated Brent plus 50 cents a barrel.

Exxon Mobil sold a cargo of Angolan Pazflor to an Asian buyer after offering the grade at dated Brent plus 80 cents a barrel, traders said. CNOOC was said to be the buyer.

India's MRPL bought a cargo of Ivorian Baobab from Vitol via tender for loading around Feb. 8-10.

Uruguay's ANCAP closed a tender on Thursday for February delivery crude but winner details did not immediately emerge. Winners of the Sasol and the latest IOC tender for crude loading Feb. 19-28 did not emerge.

Royal Dutch Shell's Nigerian subsidiary SPDC declared force majeure on exports of Nigerian Forcados crude oil after the obstruction of a tanker path by a malfunctioning barge, the company said late on Wednesday. 

(Reporting by Julia Payne; Editing by Anil D'Silva)

Categories: Production Africa

Related Stories

Galp Concludes First Phase of Mopane Exploration Campaign Offshore Namibia

Türkiye Aims to Drill for Oil Off Somali Coast Next Year

BP Starts Oil Production at Major New Platform Offshore Azerbaijan

Current News

Galp Seeks to Sell Stake in Namibia Oilfield After Discovery

Ørsted Picks Rovco for Offshore Wind O&M Work in US

Noble Corporation’s Drillship Seizes Africa’s Drilling Opportunities

Trident Energy to Restart Drilling Campaign Off Equatorial Guinea with Noble Venturer Drillship

Subscribe for OE Digital E‑News