In Nigeria, Shell lifted force majeure on exports of Bonny Light crude, leaving just two grades from that country under force majeure.
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FORCE MAJEURE: Guangxi Nanguo Copper smelter has declared force majeure on deliveries of copper concentrate as a result of the outbreak, sources told Reuters.
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Eni's Brass River crude remained under force majeure declared after previous attacks, but it has been exporting crude oil even as the force majeure was in place.
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Three grades of Nigeria's oil - Forcados, Brass River and Bonny Light - are under force majeure, while Exxon Mobil lifted force majeure on Qua Iboe, the country's largest export stream, on Friday.
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TORONTO (Reuters) - Rio Tinto lifted force majeure on Jan.
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Following the outage, Varo declared force majeure on fuel supplies.
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Traders were notified by Cameron LNG of the force majeure.
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Well, Force Majeure is an absolute work of art, obviously.
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Hydro declared force majeure at the Alunorte unit in early March.
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Ineos didn't say when it expected to lift the force majeure.
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The force majeure is the latest sign of how the Jan.
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A force majeure is usually implemented by companies during unforeseen events.
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A New Times spokesman confirmed the force majeure on the two vessels.
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Force majeure is a contract clause to remove liability for unavoidable catastrophes.
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Amenam, operated by Total, was also heard to be under force majeure.
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Bonny light is currently under force majeure from the previous pipeline outage.
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NOC has declared force majeure on crude loadings from the Sharara oilfield.
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NOC declared force majeure on Sharara crude shipments from Zawiya on Saturday.
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The group has declared force majeure, suspending its contractual obligations to customers.
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Ok Tedi, which declared force majeure on its sales contracts on Aug.
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NGPL said it expects the Kansas force majeure to continue through Monday.
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DECLARES EVENT OF FORCE MAJEURE IN RESPECT OF WEEBIGEE PROJECT * SANDY LAKE GOLD - EVENT OF FORCE MAJEURE RESULTS FROM INABILITY OF CO TO WORK ON OR NEAR LAND RELATING TO PROPERTY LOCATED IN NORTHWEST ONTARIO * SANDY LAKE GOLD - DECLARED EVENT OF FORCE MAJEURE PURSUANT TO OPTION AGREEMENT BETWEEN GPM METALS, GOLDEYE EXPLORATIONS LIMITED DATED APRIL 15, 2015 Source text for Eikon: Further company coverage:
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Of the 94 contracts with the force majeure provisions, just 13 of them explicitly state that public health events — such as flu, epidemic, serious illness, plagues, disease, emergency or outbreaks — would constitute a force majeure situation, Kira Systems found.
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The Swedish film "Force Majeure" was one of the best movies of 2014.
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VIENNA-RUSSIAN ENERGY MINISTER NOVAK SAYS SITUATION WITH DRUZHBA WAS A FORCE MAJEURE
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Libya's National Oil Corporation (NOC) declared force majeure on loadings from both terminals.
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Royal Dutch Shell's Nigerian venture lifted force majeure on Bonny Light crude exports.
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Operator INEOS declared force majeure on Forties, the first such declaration in decades.
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PES has since declared a force majeure on some gasoline deliveries, sources said.
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Several industries shut operations and some ports in the country declared force majeure.
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Oil producers declare force majeure when forces beyond their control disrupt oil supplies.
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Libya's National Oil Corp said it was lifting force majeure at three ports.
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The force majeure remains in place, regardless of the recent development, Shell added.
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Amenam, operated by oil major Total, is also under force majeure, trading sources said.
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"The market is worried about force majeure at Ambatovy," a London-based trader said.
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That shutdown prompted NOC to declare force majeure on loadings of the crude grade.
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SO LIKE, I JUST WATCHED THIS SWEDISH MOVIE WE HAVE ON NETFLIX, FORCE MAJEURE.
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Last month, TC declared force majeure on Keystone due to a snowstorm in Manitoba.
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Last month, TC declared force majeure on Keystone due to a snowstorm in Manitoba.
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Companies declare force majeure when forces beyond their control prevent them from fulfilling contracts.
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Force majeure is an unforeseen event that prevents a party from fulfilling a contract.
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Two other Nigerian crude oil grades - Forcados and Brass River - remain under force majeure.
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On Friday, traders said they were notified by Cameron LNG of the force majeure.
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On Friday, traders said they were notified by Cameron LNG of the force majeure.
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And the force majeure certifications are not the only measure undertaken by Chinese authorities.
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"Most of these FM (force majeure) claims will not succeed," the law firm added.
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The NOC had previously declared force majeure for oil ports on Libya's northeast coast.
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"I can confirm that force majeure has been declared," a company spokesman told Reuters.
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The video clip is actually from a Swedish movie called Force Majeure, released in 2014.
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Force majeure means a buyer or seller cannot fulfill contractual obligations because of outside forces.
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That shutdown also prompted NOC to declare force majeure on loadings of the crude grade.
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BHP Billiton's Escondida in Chile, the world's largest copper mine, declared force majeure on Feb.
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The force majeure came after a court ordered it to stop using eight tailings dams.
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Most of Newell Brands' Louisiana and Texas facilities declared "force majeure," and are not operating.
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This movie is similar in some ways to Force Majeure, but of course it's different.
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Rio Tinto has also declared force majeure on acid deliveries from the smelter, Bennett said.
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Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports.
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Exxon declared force majeure last week citing a "system anomaly" it observed during a routine check.
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Hydro declared force majeure at its Alunorte unit on Friday after the order to cut production.
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A force majeure event is an unforeseen event that prevents a party from fulfilling a contract.
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Sauquet did not disclose the name of the buyer Total rejected a force majeure notice from.
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The LNA later called on NOC to lift force majeure, a contractual waiver declared in December.
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Many buyers are considering either delaying cargoes or cancelling them by invoking a force majeure clause.
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It was not immediately clear when the lifting of the force majeure would come into effect.
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State-owned NOC lifted force majeure on loadings of Sharara crude on Monday, sources told Reuters.
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You just never know if there's going be some significant force majeure events in the world.
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General Manager Peter Gelb enacted a "force majeure" clause for employees' contracts after New York Gov.
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Declaration of force majeure could delay discharge of crude vessels, an Indian refining source told Reuters.
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That could be particularly true when Chinese companies have invoked force majeure on the demand side.
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Such provisions are only relevant if the contracts have a force majeure clause to begin with.
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There was no timeline for when the force majeure would be lifted, spokesman Kyle Bennett said.
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Directed by Ruben Ostlund ("Force Majeure"), it won the Palme d'Or, the top prize at Cannes.
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Most of the contracts with force majeure provisions reviewed by Kira Systems also use a general "catch-all" language stating that "any other events that cannot be predicted and are unpreventable and unavoidable by the affected Party" constitute force majeure, the company said in its report.
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Otherwise, U.S. exporters still facing flood-related shipping delays may seek to declare force majeure, traders said.
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"We have declared Force Majeure on the jet fuel from the Leuna refinery," a Total spokeswoman said.
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Its exploration programme was interrupted in 2011 when civil war broke out and remains under force majeure.
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That led Vale to declare a force majeure on some of its iron ore contracts on Tuesday.
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Serving the force majeure notice is the first step in a long-drawn out process, they said.
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State-owned National Oil Corp (NOC) declared force majeure on loadings of the crude grade on Wednesday.
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PDVSA on Tuesday said it was considering declaring force majeure on cargoes bound for the United States.
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The pipeline — operated by SPDC, a local affiliate of Shell — has been under force majeure since Feb.
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Three sources have told Reuters Venezuelan state firm PDVSA is considering declaring force majeure on some exports.
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Royal Dutch Shell on Wednesday lifted force majeure on Nigerian Bonny Light crude exports after pipeline repairs.
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The Qua Iboe stream, the country's largest, was under force majeure for the whole month, reducing exports.
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Separately, Libya's state oil firm declared force majeure on operations at the country's largest oilfield, El Sharara.
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The force majeure declaration could delay discharge of crude oil tankers, an Indian refining source told Reuters.
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China's top gas importer PetroChina has declared force majeure on natural gas imports following the coronavirus outbreak.
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China's top gas importer PetroChina has declared force majeure on natural gas imports following the coronavirus outbreak.
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China's top gas importer, PetroChina, has declared force majeure on natural gas imports because of the outbreak.
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In March, the pipeline leading from Sharara was blocked for a week, triggering force majeure on shipments.
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It added it was weighing declaring force majeure on international contracts due to potential delays in deliveries.
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I also feel like there's a sweetness to Downhill that maybe isn't as present in Force Majeure.
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"At this stage we will not declare Force Majeure but we reserve the right to," it said.
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In Nigeria, offers for October-loading of its Qua Iboe crude despite a force majeure in place.
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Spokesman Todd Spitler said on Friday there was no connection between the force majeure and militant attacks.
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"The plan is to lift the force majeure by the end of the month," the source said.
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The force majeure was likely to remain in place for a minimum of one month, several sources said.
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Some users were forced to declare force majeure in 2012 because a strike prevented shipments on the line.
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The refinery declared force majeure earlier this week on loadings of diesel from the port, a trader said.
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This is believed to be the first force majeure on a major North Sea production stream in decades.
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GLENCORE: Swiss trader Glencore will declare force majeure on some aluminium supply, a source told Reuters on Wednesday.
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"I'm going to go with decades for any notable force majeure events," said a North Sea trading source.
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Freeport was the second big copper producer in a week to declare force majeure, after BHP Billiton BLT.
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Rio Tinto has declared force majeure on iron ore shipments to some customers following the fire last week.
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Its exploration program was interrupted in 2011 when the civil war broke out and remains under force majeure.
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It was not immediately clear what volume would come under force majeure or which buyers might be affected.
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Force majeure is declared when a company is unable to meet its commercial commitments due to unforeseen events.
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To find Force Majeure, I had to walk down an eerie hallway ending in a grated metal gate.
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NYRSTAR: Nyrstar said it was extending force majeure at its Port Pirie lead and zinc smelter in Australia.
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Force majeure is a legal designation that suspends a firm's contractual obligations due to situations beyond its control.
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On the whole, though, "not quite as good as Force Majeure" turns out to still be pretty good.
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A force majeure is usually implemented by companies during unforeseen events when they cannot meet commitments to customers.
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"They have claimed force majeure for bad weather but we haven't accepted it," one of the officials said.
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Alunorte, the world's largest alumina refinery, declared force majeure after Brazilian authorities ordered it to halve its production.
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Lenders would search documentation for the right to declare "force majeure" - an unforeseeable event freeing them from their obligation.
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A port source told Reuters that oil-well shutdowns had reduced Amenam's daily production and led to force majeure.
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Declaring force majeure absolves a company from responsibility for delays to fulfilling contracts due to circumstances beyond its control.
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Suncor extended a force majeure that will prevent any more shipping of oil this month from its Syncrude facility.
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France has declared the coronavirus a "force majeure," meaning suppliers won't be penalized for failing to fulfill government contracts.
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India's Gujarat State Petroleum Corp (GSPC) has also issued force majeure notices to its LNG suppliers, two sources said.
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The force majeure in turn has caused a flood of supply in the spot market, depressing prices, traders said.
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Earlier this month, the Guangxi Nanguo Copper smelter in southwest China declared force majeure on deliveries of copper concentrate.
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Libya's National Oil Corp declared force majeure on loadings of Sharara crude from the Zawiya oil terminal on Sunday.
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Two Nigerian crude streams are under force majeure - a clause allowing a seller to miss deliveries due to unforeseen circumstances.
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However, there were some factors tightening supply, with Libya's state oil company declaring force majeure at the country's largest oilfield.
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Shell last week declared force majeure on exports of Bonny Light after the closure of one of two export pipelines.
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The company declined to comment on the force majeure, but said production would be knocked out for about 8 weeks.
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Commerzbank's head of commodities research Eugen Weinberg said other traders were likely to declare force majeure following the Rusal sanctions.
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The producer informed buyers late on Tuesday the force majeure would affect cargoes loading in early December, the sources said.
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BHP did not immediately respond to a Reuters query on whether it expects to declare a force majeure on shipments.
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Three smaller producers in the region have already declared force majeure on coal cargoes, partly blaming rail lines being down.
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The impact of such loading delays are minimal as producers can claim force majeure, a Singapore-based LNG trader said.
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Outages caused by factors beyond the control of an operator, technically known as force majeure, usually do not attract sanctions.
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"It's likely that force majeure will be declared at the two ports if clashes continue close to them," Alaokali said.
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"We recommend travelers ask the travel insurance provider about force majeure clauses and whether or not they are covered," Mrs.
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Force majeure is a commercial term that means a buyer or seller cannot fulfill their obligations because of outside forces.
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Chinese authorities took similar action to solidify the force majeure defenses of Chinese companies after the SARS outbreak, said Zhou.
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LONDON (Reuters) - Royal Dutch Shell's Nigerian subsidiary SPDC declared force majeure on Bonny Light crude oil exports effective from Jan.
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"Teck's force majeure gave another lift to prices already rising because of China cutbacks," a London-based germanium trader said.
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Bel Powley stars as Lina, a promising young artist, and Lisa Loven Kongsli (from "Force Majeure") as Elena, her mother.
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However, Libya's National Oil Company in a letter on Monday declared force majeure on deliveries from Sharara, the country's largest oilfield.
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Freeport was the second big copper producer in a week to declare force majeure, after BHP Billiton did so on Feb.
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The company declared force majeure on line segment 130 due to the incident, it said in a notice to its customers.
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Libya's state-owned National Oil Corp declared force majeure on loadings of crude from the country's largest oil field on Wednesday.
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"The siege we have today is a force majeure and we could close the gas pipeline to the UAE," he said.
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The company also invoked the force majeure clause on some of its contracts as a result of lower production, Barron's noted.
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The head of Petroecuador Pedro Merizalde told Reuters on Monday that oil exports were flowing and there was no force majeure.
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A company declares a force majeure when it is unable to carry out a contract because of forces beyond its control.
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"She was such a force majeure; in these times of this new feminist movement she can be such an inspirational voice."
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But the language around what's covered by force majeure is typically very specific, and "very few cover nationwide epidemic," Dunitz said.
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So far, Ware, Ross and Zhou said they haven't heard from clients that have received force majeure notifications from Chinese counterparties.
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Western Mining did not immediately respond to a request for comment on whether it would go ahead and declare force majeure.
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French oil giant Total has already rejected a force majeure notice from a liquefied natural gas buyer in China, Reuters reported.
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This flexibility means that companies need to consider if the outbreak constitutes an unpreventable and unpredictable force majeure event, Tsai wrote.
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Of the 94 contracts that included force majeure provisions, 44% included acts of government in its definition, the Kira analysis found.
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But in "Force Majeure," the show's other diorama, Ms. Yi cedes some control of the work's formal elements to natural processes.
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NGPL also declared a force majeure at Compressor Station 168 due to maintenance on the Permian Line in Bailey County, Texas.
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Anglo American declared force majeure to suspend a nearly billion dollar contract with Bahrain Steel to supply it with iron ore.
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Barring Trump dropping out of the race, an event of force majeure or invasion by alien powers, that's not going to happen.
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The company did not say when it expected the pipe to return to service, but said it was declaring a force majeure.
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LIBYA'S RECOGNIZED GOVERNMENT SAYS AGREES WITH STATE OIL FIRM NOC ON STEPS TO REOPEN EL SHARARA OILFIELD AND LIFT FORCE MAJEURE-STATEMENT
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Airlines, as you would expect, interpret force majeure more broadly than passengers, lumping all manner of disruptions under the get-out clause.
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The grade has been under force majeure since February after multiple attacks on the pipelines that carry it to the export terminal.
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Rio Tinto said on Monday it has declared force majeure on iron ore shipments to some customers following the fire last week.
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The shutdown prompted NOC to declare force majeure on loadings of the crude grade on Wednesday, a document seen by Reuters showed.
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On Tuesday, German chemicals group BASF declared force majeure on products made at its chemicals facility in Chongqing, the Financial Times reported.
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"Consequently, force majeure will be declared under sales contracts," it said, without giving further detail on the contracts that would be affected.
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About a decade ago workers staged a 26-day strike that forced the global miner to declare force majeure on copper shipments.
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The most visually stunning piece is Force Majeure: every surface is covered in gelatinous, nutrient-rich agar, which nourishes live bacteria cultures.
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Gujarat Maritime Board has also announced force majeure at its 10 ports including Dahej port, according to a document seen by Reuters.
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Downhill, which is a remake of the French, Norwegian, and Swedish film Force Majeure, is a bit more complicated than all that.
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In its study of muddled, liberal, middle-class, white masculinity, The Square recalls Östlund's breakout international hit, the 2014 feature Force Majeure.
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The movie, a remake of the dark Swedish comedy "Force Majeure," had received weak reviews; its Rotten Tomatoes score is 40 percent.
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Total, the French oil company, said it had recently rejected a force majeure claim by a Chinese buyer of liquefied natural gas.
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In Libya, militia pipeline blockades closed three oilfields and forced state-run National Oil Corp to declare force majeure at several sites.
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Libya's National Oil Corporation (NOC) declared force majeure on deliveries of Sharara crude, citing "unrest", according to a letter seen by Reuters.
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MOBILE WORLD CONGRESS HOST GSMA SAYS OF CANCELLATION "THERE IS NO WAY YOU CAN INSURE YOURSELF OUT OF A FORCE MAJEURE SITUATION"
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Days before the loan was due, Mr. Trump sued Deutsche Bank, citing the force majeure language and seeking $3 billion in damages.
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RIO TINTO: Rio last week declared force majeure on some customer contracts following the sanctions on Rusal, the world's second biggest aluminium producer.
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The fire forced Destin Pipeline to declare a force majeure event and stop gas transportation services from all of its offshore receipt points.
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On Thursday, traders said force majeure was still in place and no indication had been given as to when it might be lifted.
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Like Ruben Östlund's last film, Force Majeure, this is one to watch with your friends so that you can argue about it afterwards.
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The onus is also on buyers to prove that they are not physically able to receive the cargo to demonstrate a force majeure.
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In Ireland, Rusal's biggest alumina refinery, Aughinish, is under threat because Rio Tinto, which provided bauxite for the plant, has declared force majeure.
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It was too early to determine if BHP would seek legal protection from supply obligations under a declaration of force majeure, he said.
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As a result, Ineos declared force majeure on exports, citing problems beyond the firm's control, and the outage pushed up global oil prices.
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"Imports are now back to normal," said one source, adding that the cargoes were sold back to the supplier under force majeure terms.
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The source said force majeure on Mexican crude loadings routinely happens during winter due to poor weather conditions, usually lasting a few days.
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Jellinbah Group, which owns two mines in the region's Bowen Basin, said it had declared force majeure on some, but not all, shipments.
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Asked about the force majeure, an official at state-owned national oil company Petrobangla said "everything will be resolved as per the agreement".
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Force majeure is a legal status companies invoke when they cannot make deliveries of a commodity because of forces outside of their control.
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The force majeure announcement came as questions swirl around whether more could have been done to prevent the Brumadinho disaster, Brazil's deadliest ever.
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Rio Tinto, which supplies bauxite to some of Rusal's refineries and buys refined alumina, said it will declare force majeure on some contracts.
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DU declared force majeure on Monday, announcing it would stop taking bookings at three of its hotels from March 15 to August 31.
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The company declared force majeure earlier this year on some alumina deliveries from Brazil, and now plans to expand this declaration, Brandtzaeg said.
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As in Force Majeure, an avalanche, and Pete's reaction to it, lights a fire under a long-simmering pot of resentments and disappointments.
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Another 1,000 would also be released after then due to the "force majeure situation", Arsenal's general director Nikolay Ibushev said in a statement.
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Cross-border deals typically include clauses that allow for non-performance during force majeure events, said Vanessa Miller, a U.S. lawyer at Foley & Lardner.
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Several LNG buyers in China told Reuters earlier this week they were considering either delaying cargoes or canceling them by invoking a force majeure.
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Several LNG buyers in China told Reuters earlier this week they were considering either delaying cargoes or cancelling them by invoking a force majeure.
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A spokesman for Exxon said the force majeure remained in effect but did not give a timeframe on the resumption of regular oil flows.
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PES, located in the busiest and most densely populated corridor of the U.S., had already declared force majeure on gasoline supplies following the fire.
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Privately-owned QCoal said in an emailed statement on Tuesday that it had declared force majeure on two coal shipments "due to infrastructure availability".
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Anec said soybean exporters may declare "force majeure" on shipments, a contractual clause that releases them from obligations because of events beyond their control.
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The SP created a coalition of Muslims and the Yadav caste (9 percent of the population) to become a force majeure in state politics.
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Ecopetrol declared force majeure in late January on up to five shipments for February delivery, according to traders who buy and sell that grade.
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Four major oil firms operating in the area around Fort McMurray have declared force majeure, a contract clause to remove liability for unavoidable catastrophes.
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LONDON (Reuters) - Royal Dutch Shell said on Monday a declaration of force majeure remained in place on shipments of Nigerian Bonny Light crude oil.
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About a decade ago workers staged a now infamous 26-day strike that forced the global miner to declare force majeure on copper shipments.
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"Force Majeure" — which won the Un Certain Regard Jury Prize at the Cannes Film Festival — is a 2014 film from Swedish director Ruben Östlund.
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NOC had also declared force majeure there and the field would possibly close down after the declaration, a spokesman for state company AGOCO said.
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Trader Glencore, which markets Rusal metal, is planning to declare force majeure on some aluminum supply, a source close to the matter told Reuters.
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Four streams of Nigeria's oil, including the country's largest, Qua Iboe, along with Bonny Light, Brass River and Forcados are currently under force majeure.
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Force majeure is a legal status that companies invoke when they cannot make deliveries of a commodity because of forces outside of their control.
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But late on Tuesday, Libya's National Oil Corp said it had declared force majeure on crude oil loadings at Zawiya port as of Monday.
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The terminal, Nigeria's largest and typically exporting more than 300,000 barrels per day, declared a force majeure last week after damage to a pipeline.
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Although less dazzling, "Force Majeure" is more hypnotic, transforming 400 tiles coated with agar into a living, evolving painting of splotches of all colors.
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India's top gas importer Petronet LNG has served a force majeure notice on Qatargas and is seeking delayed delivery of cargoes, two sources said.
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No government-owned ports have declared a force majeure as yet, although they have been given the liberty to do so, Sharma also said.
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On Tuesday, Libya declared force majeure on exports from two critical ports, Zueitina and Hariga, that together handle about 850,000 bpd of oil shipments.
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CNOOC, China's biggest LNG importer, has invoked force majeure to suspend contracts with at least three suppliers, two sources told Reuters on Feb. 6.
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CNOOC, China's biggest LNG importer, has invoked force majeure to suspend contracts with at least three suppliers, two sources told Reuters on Feb. 6.
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Force majeure is a clause which allows companies to suspend their obligation to fulfil contracts after unexpected events such as strikes and natural disasters.
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TransCanada told Keystone shippers on Thursday that it was declaring force majeure on shipments affected by the shutdown, according to a notice seen by Reuters.
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TransCanada told Keystone shippers last week that it was declaring force majeure on shipments affected by the shutdown, according to a notice seen by Reuters.
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Force majeure conditions continue to exist at some exchange-approved corn and soybean shipping stations, which may prevent these facilities from loading, the CME said.
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LONDON (Reuters) - Libya's National Oil Corporation said on Monday it had lifted force majeure on loadings of Sharara crude oil from the Zawiya oil terminal.
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Exxon declared force majeure on the grade, Nigeria's largest export stream, after a leak on the pipeline that feeds the oil to the export terminal.
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Libya is resuming oil exports from some of its main ports and has lifted related force majeure contractual clauses, the National Oil Corporation (NOC) said.
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The Swedish director Ruben Östlund, who made the earthshaking " Force Majeure " (2014), about an avalanche in the Alps, now shifts his attention closer to home.
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Bonny Light exports had continued during the force majeure, a legal declaration made on May 11 following the closure of the Nembe Creek Trunk line.
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Separately, an oil official said production had restarted at the Nafoura field, which was closed in November 2015 due to force majeure at Zueitina port.
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"Federation revenues increased despite the force majeure and the shut-down of pipelines for repairs and maintenance due to leakages and sabotage," said the statement.
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Four major oil firms operating in the area around Fort McMurray have now declared force majeure, a contract clause to remove liability for unavoidable catastrophes.
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A decision on whether to declare force majeure on exports from Sharara would depend on the expected length of the interruption, one oil source said.
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Operator Ineos declared force majeure on crude oil, gas and condensate deliveries from the pipeline, a source familiar with the matter told Reuters on Wednesday.
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The federal shipping ministry in India has issued a letter allowing ports to use the COVID-19 pandemic as valid grounds to declare force majeure.
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Earlier this week, the company said it may claim force majeure in energy contracts, seek a reduction in the energy it is required to buy.
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Besides APSEZ, Reuters has also seen letters from Krishnapatnam Port, Gopalpur Port, Karaikal Port and Gangavaram Port declaring force majeure on loading and unloading delays.
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According to the China Council for the Promotion of International Trade, a government-linked entity, China has issued 4,811 force majeure certificates as of Mar.
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According to the China Council for the Promotion of International Trade, a government-linked entity, China has issued 4,811 force majeure certificates as of Mar.
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Will Ferrell and Julia Louis-Dreyfus' Downhill isn't based on a true story — it's an English-language remake of the 2014 Swedish dramedy Force Majeure.
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"This is a case of force majeure and a tremendous loss for the manufacturers who have invested massively in their presence in Geneva," Turrettini said.
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Two senior Petrobangla officials said the state-run firm would contest Excelerate's declaration of force majeure on the project due to the weather-related delays.
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Rio Tinto's declaration of force majeure on certain customer contracts as a result of the U.S. sanctions on Rusal also boosted aluminum prices on Monday.
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Will Ferrell and Julia Louis-Dreyfus star in this remake of Force Majeure, a 2014 Swedish comedy that earned rave reviews when it came out.
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Shell Petroleum Development Company of Nigeria declared force majeure on exports of Bonny Light crude oil, which put a floor on price losses on Wednesday.
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"Varo has declared force majeure because the fulfilment of our deliveries to our customers is significantly influenced by the production of Bayernoil," the spokeswoman said.
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Panic in this section of the supply chain was triggered when Rio Tinto said it was declaring force majeure on some of its raw material contracts.
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LONDON (Reuters) - Rio Tinto said it will declare force majeure on certain customer contracts after the U.S. imposed sanctions on its partner Russian aluminum producer Rusal.
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Each airline has its own policy, though they tend to be most stingy when it comes to delays and cancellations caused by bad weather (force majeure).
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BHP has declared force majeure on shipments, invoking the legal term for when a company is unable to meet obligations due to circumstances beyond its control.
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Exxon Mobil declared force majeure on exports from PNG in March and the resulting uncertainty over supply drained liquidity from Asia's spot LNG markets, traders said.
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The Tripoli NOC has said it expects to declare force majeure on exports from Zueitina and Hariga on Sunday, bringing total production losses to 800,000 bpd.
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NOC said in a statement later it had agreed to lift a force majeure on Sharara oilfield, and production at the field would reach 200,000 bpd.
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Protests at Las Bambas in Peru showed no sign of abating, days after the mine's operator, China's MMG, warned it could declare force majeure on contracts.
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MMG said this week it would declare force majeure on its copper contracts, with exports choked off from Las Bambas, one of Peru's biggest copper mines.
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"We have known about the MMG issues in Peru for some weeks now ... it's the logical conclusion that they have declared force majeure," said Commerzbank's Briesemann.
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Libya's crude output increased after state-owned National Oil Corp lifted a force majeure on loadings of Sharara oil from the Zawiya terminal, sources told Reuters.
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FortisBC, British Columbia's energy utility, declared force majeure on Wednesday on several of its rate schedules which informed shippers their delivery of gas was being curtailed.
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Such affirmations of couplehood in the face of death are not denial; but rather insubordination, eyes-wide-open commitments to living fully despite the force majeure.
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OmniTrax, which owns the line, tried to cancel its contract with the government, declaring what lawyers call a "force majeure," an unforeseen event beyond its responsibility.
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Three sources have told Reuters that Venezuelan state firm PDVSA is considering declaring force majeure on some exports, amid plummeting output and tanker bottlenecks at ports.
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LONDON (Reuters) - Ineos has declared force majeure on crude oil, gas and condensate deliveries from its Forties pipeline, a source familiar with the matter told Reuters.
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Turquoise Hill, which is majority owned by Anglo-Australian mining giant Rio Tinto, said the force majeure was not expected to have any impact on production.
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The oil major lifted the force majeure on Nigeria's Brass River crude oil exports that was in place since late May, a spokesman said on Friday.
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NOC board member Jadalla Alaokali said force majeure, a legal waiver for contractual obligations, would "likely" be declared if violence continued, though he gave no timeframe.
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On Tuesday, Fernandes acknowledged that the two companies were already in arbitration to renegotiate the contract prior to the declaration of force majeure following the spills.
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Mining group Rio Tinto said it will declare force majeure on certain customer contracts after U.S. sanctions were imposed on its partner, Russian aluminum producer Rusal.
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Angolan crudes were already selling at all-time high premiums as exports have dropped due to field maintenance while some Nigerian production were under force majeure.
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TUNIS, July 2 (Reuters) - Libya's National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday, it said in a statement.
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The Cerro Matoso mine, one of the world's largest producers of ferronickel, is where a two-week strike last year forced BHP to declare force majeure.
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NEW YORK, March 6 (Reuters) - Canada's Syncrude oil sands facility has declared force majeure after a fire at the plant, sources familiar with the matter said.
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Oil minister and PDVSA head Manuel Quevedo said on Tuesday that PDVSA was considering declaring partial force majeure on its contractual obligations in the United States.
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Force majeure clauses in English law contracts are usually "very lengthy and detailed, and outline exactly which events can be used to trigger FM," said Perrott.
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LONDON (Reuters) - Royal Dutch Shell's Nigerian subsidiary SPDC lifted a force majeure on Bonny Light crude oil exports at 0800 GMT on Friday, a spokesman said.
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Rio said regular production will be reached in early 2020, and that it was contacting customers who were earlier told about a force majeure of supply.
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By phone, Rash and Faxon told me they thought of their movie as more of a "riff" on the original — it's an "homage" to Force Majeure.
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Libya earlier this week declared force majeure on two major oilfields following a military blockade, and protests escalated in Iraq, pushing investors towards safe-haven assets.
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S&P Global Platts said the Texas force majeure reduced flows for NGPL Station 167 to Station 112 by 45 MMcfd to 234 MMcfd on Wednesday.
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The company - controlled by state-owned China Minmetals - said on Tuesday that it expected to declare force majeure on its copper contracts due to the blockade.
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The source, who works for the Pluspetrol-led consortium that drills for gas in Peru's abundant Camisea fields, said the company declared force majeure in January.
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LEAD: LME lead was down 2.9% at $1,835 a tonne but up about 1.7% on the week after a major smelter halted production and declared force majeure.
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The impact of the cyclone will hit coal mines operated by BHP Billiton Ltd and Glencore PLC, and raises the prospect of major producers declaring force majeure.
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State-owned National Oil Corporation (NOC) declared force majeure on loadings of Sharara crude from the Zawiya oil terminal on Sunday, a document seen by Reuters showed.
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NOC on Monday declared force majeure on exports from the 315,000-barrels-per-day oilfield after it was seized at the weekend by a local militia group.
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"Hydro has issued a notice of force majeure to its bauxite customers as Hydro will not receive the full contracted volumes," the company said in a statement.
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Liquefied Sunshine and a concurrent solo show at Blindspot Gallery, South Ho Siu Nam's Force Majeure, are abundant with metaphors about politics in Hong Kong and Taiwan.
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Libya's National Oil Corp said on Saturday it had declared force majeure on the 70,000-bpd El Feel oilfield after a protest by guards closed the field.
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Guangxi Nanguo Copper, a smelter in Southwest China, on Friday also declared force majeure on copper concentrate shipments, two sources briefed on the matter told Reuters. MISUSE?
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It could be a problem of your own making, or the airline's, or a force majeure, but it almost never pays to be angry, indignant, or whiny.
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Adding to pressure on prices, Libya's National Oil Corp lifted a force majeure on loadings at the country's largest Sharara oilfield, which had been closed since Friday.
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Ruben Ostlund's follow-up to Force Majeure was the toast of the Cannes Film Festival, winning the event's Palme d'Or, and catapulting its star to the mainstream.
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NOC said on Tuesday it was ready to lift force majeure, a contractual waiver for clients declared in December, if armed men behind the closure got evicted.
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NOC Charman Mustafa Sanalla said that force majeure, a contractual waiver, would not be lifted at Sharara until alternative security arrangements were in place, a statement said.
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Netflix CEO Reed Hastings said his taste in movies tends toward the obscure, and cited the film "Force Majeure" as an example Wednesday at the Code Conference.
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NOC said on Tuesday it was ready to lift force majeure, a contractual waiver for clients declared in December, if armed men behind the closure were evicted.
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In fact, Rio Tinto — one of the largest mining companies in the world — said Friday it would declare force majeure on some of its contracts with Rusal.
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"Our technical teams already started assessing what needs to be done to lift force majeure and restart exports as soon as possible", Sanalla said in a statement.
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Sanalla said the NOC would not lift force majeure at export terminals if a payout went through due to the risk that the corporation would face liabilities.
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BHP Billiton — BHP declared force majeure after saying it would be unable to meet its coal export commitments in northeast Australia, which has been crippled by cyclones.
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ENI's oil infrastructure has been hit previously by militants, and its Brass River oil stream is already under force majeure, though some cargoes had continued to load.
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"Therefore MRPL hereby declares force majeure with respect to the contracts with our all suppliers, buyers, customers, dealer, contractors," it said in the letter seen by Reuters.
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History shows that if international disputes over contracts disrupted by the coronavirus are resolved in China, he said, those force majeure declarations are likely to be recognized.
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With the cost of repairs estimated at 20 million to 60 million Canadian dollars, the company declared a "force majeure" — an unforeseen event beyond the company's responsibility.
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The spokesman said the decision came after the shutdown of the Nembe Creek Trunk Line (NCTL) and declaration of a force majeure by the pipeline's operator, Aiteo.
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At least nine oil tankers had been due to load in the coming days from the ports now under force majeure, according to a local shipping source.
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Another source said MRPL might not lift the additional Saudi oil as the refiner had declared force majeure and shut half of its plant due to water shortages.
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NOC declared force majeure on loadings of Sharara crude from the Zawiya oil terminal in the west of the country and Wafa condensate loadings from the Mellitah terminal.
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"Both sides are committed, and there are scenarios in the contracts for violation of commitments or in case of force majeure to deal with those cases," he said.
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The LNA, loyal to Khalifa Haftar, a commander whose powerbase is the eastern city of Benghazi, had demanded on Wednesday that production resume and force majeure be lifted.
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Oil prices climbed more than 33 percent after Libya declared force majeure on significant amounts of its supply, though rising overall U.S. and OPEC output dragged on markets.
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Lawyers told Reuters that LNG contracts are typically governed by English law which spell out events that constitute a force majeure and some may include the epidemic clause.
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Royal Dutch Shell has declared force majeure on exports of Nigeria's Bonny Light crude following the closure of one of two export pipelines, the company said on Monday.
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SINGAPORE, May 13 (Reuters) - Exxon Mobil has declared force majeure on Nigerian Qua Iboe crude exports after trouble with a pipeline disrupted supplies, three traders said on Friday.
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The plant, located in the busiest and most densely populated part of the U.S. east coast, had already declared force majeure on some gasoline supplies following the fire.
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MEXICO CITY, Oct 13 (Reuters) - Mexican petrochemical firm Mexichem on Friday said its subsidiaries had lifted measures of force majeure imposed after hurricane Harvey struck, hobbling their suppliers.
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He said neither Petroperu or Pacific have declared force majeure - a clause in contracts which frees parties from obligations or liabilities due to an unavoidable accident or occurrence.
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The Shell Development Company of Nigeria declared force majeure on Nigerian Bonny light crude oil after someone drilled a hole into the Trans Niger Pipeline, causing a leak.
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Earlier on Friday, Mexichem Chief Executive Officer Antonio Carrillo told Reuters that the company had declared force majeure on one internal contract in the wake of the blast.
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Libya's National Oil Corporation said on Saturday it had declared force majeure on the 225,2300 barrels per day Feel oilfield after a protest by guards closed the field.
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He argued that the crisis was essentially an act of God, allowing him to invoke the "force majeure," or extraordinary event, clause, in his contract with the bank.
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The Port Pirie smelter, which last year produced 160,000 tonnes of lead, originally went down on May 28 with the company declaring force majeure on deliveries to customers.
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BASF last week declared force majeure for certain citral and isoprenol-based aroma ingredients after a fire forced it to shut down a plant at its Ludwigshafen headquarters.
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Columbia Gas, which declared a force majeure after the blast, said the damaged section of pipe could affect movement of about 1.3 billion cubic feet per day (bcfd).
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Destin Pipeline declared force majeure and stopped shipments from offshore receipt points on Tuesday following a fire at Enterprise Product Partners' natural gas processing plant in Pascagoula, Mississippi.
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It owns 77% of South Africa's Anglo American Platinum, which declared force majeure and cut its production outlook after an explosion led to a shutdown of processing facilities.
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An announcement by the Nigerian subsidiary of Royal Dutch Shell that it had lifted a force majeure on Bonny Light crude exports also added to the market surplus.
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Meanwhile, Libya's National Oil Corp said on Saturday it had declared force majeure on the 70,000 bpd El Feel oilfield after a protest by guards closed the field.
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Most of the applications for the force majeure certificates had been from Chinese exporters, although there were a few inquiries from importers, Reuters reported, citing an unnamed source.
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State firm Petroecuador, which normally transports 360,000 barrels per day to the Pacific Coast, halted its Trans-Ecuadorean Pipeline System (SOTE) and declared force majeure on international contracts.
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State firm Petroecuador, which normally transports 360,000 barrels per day to the Pacific Coast, halted its Trans-Ecuadorean Pipeline System (SOTE) and declared force majeure on international contracts.
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A source said that up to seven cargoes could be delayed as a result of the force majeure, with some long-term buyers potentially already notified of postponements.
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A provision in the loan let Mr. Trump partially off the hook in the event of a "force majeure," essentially an act of God, like a natural disaster.
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LEAD: LME lead closed down 3.1% at $1,832 a tonne but was up about 1.5% on the week after a major smelter halted production and declared force majeure.
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The Bonny Light-exporting Nembe Creek Trunk Line closed on April 21 following a fire, operator Aiteo said, and Shell said it had declared force majeure on April 25.
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Before the force majeure, Libya had been producing up to 1.3 million barrels of oil a day, its highest level since 2013 when a wave of oilfield blockages started.
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"Oil prices got a small boost this morning after Libya's (NOC) declared force majeure on Sharara crude loaded at Zawiya port," said Stephen Innes, managing partner at Vanguard Markets.
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Ineos was forced to declare force majeure on deliveries of Forties crude oil, natural gas and condensate, suspending its contractual obligations to customers by citing circumstances beyond its control.
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Another buyer of Venezuelan oil said chances were slim that any customer would contest force majeure, choosing instead to negotiate differences in pricing because of the transfer costs involved.
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OSLO (Reuters) - Aluminum maker Norsk Hydro may declare force majeure on contracts it has with Russia's United Company Rusal due to U.S. sanctions, the Norwegian company said on Friday.
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The Norwegian firm said it had notified Rusal it could declare force majeure on certain contracts as it might be prevented from meeting obligations due to the U.S. measures.
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PDVSA has fallen behind on its export contracts this year, raising the prospect of temporary cancellation of shipments under force majeure if it cannot recover production and export capacity.
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In June, an armed group attacked the eastern ports of Es Sider and Ras Lanuf, forcing NOC to declare for several weeks force majeure, a contractual waiver to clients.
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On Wednesday, the company told customers that force majeure was effective on all liquid fuel transported via the pipeline, including Forties, LPG, condensate and gas as of Dec. 11.
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The company said three of the mine's five openings remain temporarily sealed to reduce air flow into the mine and issued force majeure notices to coal customers and vendors.
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The NOC had said blockades would likely oblige it to declare force majeure at two other terminals, Hariga and Zueitina, on Sunday, but it has yet to do so.
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Miners last year went on strike at the mine for two weeks before reaching agreement on a dispute that had forced previous owner BHP Billiton to declare force majeure.
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Traders said Qatar had likely been forced to seek buyers for its excess cargoes after being issued with a force majeure notice by India's top gas importer Petronet LNG.
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Traders said it had likely been forced to seek buyers for its excess cargoes after being issued with a force majeure notice by India's top gas importer Petronet LNG.
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The primary issue is defining a so-called "force majeure," or "act of God," which many contracts contain that say certain external acts allow vendors to keep prepaid fees.
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In litigation or arbitration outside of China or under non-Chinese law, said Zhou, it's not clear how much weight the force majeure certificates and Congressional declaration will carry.
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Widespread disruption brought on by the coronavirus outbreak has hammered global supply chains and spurred Chinese companies to declare "force majeure" — a provision that exempts them from contractual obligations.
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According to the China Council for the Promotion of International Trade, a government-linked entity, China has issued 4,811 force majeure certificates as of Tuesday due to the epidemic.
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Producers Western Sugar Cooperative and United Sugars Corp issued force majeure notices earlier this month due to what producers have called the worst weather conditions in nearly two decades.
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Its gains have in recent weeks been boosted by major germanium refiner Teck Resources, which declared partial force majeure and reinforced concerns about Chinese supply hit by production cutbacks.
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Exports of Bonny Light crude were under force majeure for part of the month and traders said loadings of some other grades, including Qua Iboe ad Forcados, faced delays.
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LONDON (Reuters) - ExxonMobil subsidiary Mobil Producing Nigeria has declared force majeure on exports of Nigeria's Qua Iboe crude oil, the country's largest export stream, a spokesman said on Friday.
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Producers Western Sugar Cooperative and United Sugars Corp issued force majeure notices earlier this month due to what producers have called the worst weather conditions in nearly two decades.
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TUNIS, June 29 (Reuters) - Libya's National Oil Corporation said on Friday it anticipated declaring force majeure on loadings from the eastern ports of Zueitina and Hariga from July 1.
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The Belgian company, which is in the midst of a capital restructuring that will cede control to trade house Trafigura, has declared force majeure on deliveries from Port Pirie.
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"Going forward, we believe Tesla can achieve sustained quarterly profits, absent a severe force majeure or economic downturn, while continuing to grow at a rapid pace," the company said.
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That comes even though PDVSA President Manuel Quevedo on Tuesday said a declaration of force majeure that would free PDVSA from paying penalties for undelivered cargoes was under consideration.
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ABUJA, May 21 (Reuters) - Nigeria's Trans Forcados pipeline remains closed but no force majeure has been declared, a Shell spokeswoman said on Tuesday, after a fire broke out on Sunday.
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Nexen has issued a force majeure for all of its May production of Canadian heavy crude, two sources said on Thursday, the latest sign that the fire is curbing supply.
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"CNOOC's move set a bad lead for other Chinese buyers such as independent refineries," said a trading manager at one of CNOOC's suppliers with knowledge of the force majeure decision.
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NOC Tripoli announced the ports had been restored to its control early on Wednesday, allowing it to lift force majeure, a legal waiver on contractual obligations, at all four terminals.
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BEIJING (Reuters) - China's Commerce Ministry said on Wednesday it will ask various industry associations in the country to help foreign firms affected by the virus outbreak get force majeure certificates.
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The company has told some customers it may declare force majeure, allowing it to temporarily suspend export contracts, if they do not accept new delivery terms, including sea-borne transfers.
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LONDON, July 31 (Reuters) - Libya's National Oil Corp declared force majeure on Sharara crude oil loadings on Wednesday, according to a source familiar with the matter and a trading source.
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CARACAS (Reuters) - Venezuela is studying several measures to react to new U.S sanctions against state-run oil firm PDVSA including partial force majeure, Oil Minister Manuel Quevedo said on Tuesday.
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Steelmaker Cia Siderúrgica Nacional SA, Brazil's second-largest iron ore exporter, declared force majeure for its mining products due to disrupted supplies of diesel, explosives and food to it mines.
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Rio Tinto, which has contracts with sanctions-hit aluminum maker UC Rusal, is monitoring the impact of the U.S. sanctions but has not declared force majeure to date, it said.
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Columbia Gas, which declared a force majeure after the blast, said the damaged section of pipe in Marshall County could affect movement of about 1.3 billion cubic feet per day.
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Royal Dutch Shell has lifted force majeure on exports of Nigeria's Forcados crude oil, bringing all of the country's oil exports fully online for the first time in 16 months.
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Force majeure is a clause in contracts that allows both parties to walk out of the contract when an extraordinary event or circumstance beyond the control of the parties happen.
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Qua Iboe is currently under force majeure due to an earlier accident that damaged a pipeline, but sources told Reuters earlier this week that Exxon had been ramping up production.
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The company reiterated that it may have to declare force majeure on its contracts with Rusal, though it was too early to provide details on the timing or volume impact.
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The state-run company told some clients in early June it might impose force majeure, a temporary suspension of export contracts, unless they agreed to such ship-to-ship transfers.
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The contracts should also include details on production measurement methods, human resources training, health, safety and environment, imports and exports, insurance, terms of contract termination, force majeure and dispute settlements.
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"Our technical teams already started assessing what needs to be done to lift force majeure and restart exports as soon as possible," NOC Chairman Mustafa Sanalla said in a statement.
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LONDON, June 6 (Reuters) - Nyrstar has halted production at its Port Pirie lead smelter in Australia and declared force majeure, the Belgian-headquartered metals and mining company said on Thursday.
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The federal shipping ministry has issued a letter allowing ports to use the COVID-19 pandemic as valid grounds to declare force majeure, according to a notification seen by Reuters.
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Petronet has already served force majeure notice to its top gas supplier Qatargas seeking to delay import of cargoes, a source privy to the matter said earlier in the day.
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The new blockade led the North African country's National Oil Corporation (NOC) to declare force majeure on loadings of Sharara crude from the Zawiya export terminal, the oil source said.
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"BulgariaSat-1 could be used in force majeure - accidents due to natural disasters - earthquakes, storms and floods when land-based networks are not operational," the company said in a statement.
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In Nigeria, Shell declared force majeure on gas supplies to the Nigeria LNG export plant this week, raising the possibility of shipment delays or even cancellations owing to inadequate feedstock.
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PARIS, June 4 (Reuters) - France's Total on Tuesday declared force majeure on the production of jet fuel at its Leuna refinery in Germany following the supply of contaminated crude from Russia.
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Metallurgical coal jumped 8.5 percent on Wednesday in its biggest single-day spike since November after producers BHP and Glencore declared force majeure on deliveries due to flooded haulage rail lines.
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Total's 230,000 barrel-per-day Leuna refinery in Germany, which usually receives Urals crude via Druzhba, declared force majeure on refined product shipments on Thursday as a result of the contamination.
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Force majeure is a clause in a contract that allows both parties not to fulfill the contract terms when they are affected by an extraordinary event or circumstance beyond their control.
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Last week, a Chinese international trade promotion agency said it would offer force majeure certificates to companies struggling with the fallout from the coronavirus epidemic to give to their overseas partners.
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The valve that had been closed near the west Libyan town of Zintan was reopened before any formal declaration of force majeure on loadings of Sharara crude, one oil source said.
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Force majeure is a clause in a contract that allows both parties not to fulfil the contract terms when they are affected by an extraordinary event or circumstance beyond their control.
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Last week, Total's 230,000 barrel-per-day Leuna refinery in Germany, which usually receives Urals crude via Druzhba, declared force majeure on refined product shipments as a result of the contamination.
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PERU: Chinese miner MMG said it expects to declare force majeure on contracts for copper from its Las Bambas deposit in Peru after a weeks-long blockade by an indigenous community.
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"We call on NOC to lift force majeure," said Naji al-Maghrabi, the eastern-based commander of the state oil guards appointed to protect the field, in a statement posted online.
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Force majeure is a clause in a contract that allows either party not to fulfil the contract terms when they are affected by an extraordinary event or circumstance beyond their control.
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In Nigeria, ExxonMobil was making preparations to load a cargo of Qua Iboe crude at the end of September, trading sources said, its first since it imposed force majeure in July.
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Libya's National Oil Corporation said on Thursday it was lifting force majeure at three ports seized days earlier by forces loyal to eastern commander Khalifa Haftar, including Ras Lanuf and Zueitina.
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Earthjustice attorney Emma Cheuse noted the rules also continue to allow releases of ethylene oxide resulting from so-called force majeure incidents, including some accidents and major storms, such as hurricanes.
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In June, Reuters reported that Anglo American had suspended a nearly $1 billion annual contract to supply Bahrain Steel with iron ore by declaring force majeure in April after the spills.
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The news comes as Nigeria's production slumped to a 22-year low after Royal Dutch Shell PLC declared a force majeure on Bonny Light crude due to sabotage on a pipeline.
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Among countries with higher output, Angola exported more cargoes than in July and supply in Nigeria edged higher as Shell's Nigerian venture lifted a force majeure on Bonny Light crude exports.
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Rio Tinto which supplies bauxite to some of Rusal's refineries and buys refined alumina, said it will declare force majeure on some contracts, showing the immediate impact on Rusal's supply chain.
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The extension was prompted by "enormous requests by interested firms" and "force majeure circumstances" in the South American country, said Phillip Bryan, the department's procurement officer, in a statement to Reuters.
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THE SQUARE "Force Majeure" already brought the Swedish director Ruben Ostlund international attention (especially after a YouTube video, possibly tongue-in-cheek, showed him melting down while watching the Oscar nominations).
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The world's second-biggest platinum group metals producer, known as Amplats, declared force majeure and cut its production outlook on March 6 after it shut a converter plant following an explosion.
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Businesses asserting a force majeure defense for their failure to meet contractual obligations will still have to show that coronavirus (or the government's containment measures) blocked them from fulfilling the contract.
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Zhou and Ross said courts and arbitrators may be wary that Chinese buyers are asserting force majeure just to see if prices drop for the products they were contracted to purchase.
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Dimitry Rogozin, head of Russia's space agency, said that "force majeure circumstances related to exacerbation of the epidemiological situation in Europe" would leave mission staff from both countries unable to travel.
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"Downhill," directed by Nat Faxon and Jim Rash (whose previous vacation comedy was "The Way, Way Back"), is a remake of "Force Majeure," a 2014 Swedish film directed by Ruben Ostlund.
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Almost all of Libya's crude export capacity is now under force majeure - a waiver on contractual obligations - after pipeline blockades in the east and west of the country hindered oil production.
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State firm Petroecaudor, which normally transports 360,000 barrels per day to the Pacific Coast, halted operations of its Trans-Ecuadorean Pipeline System (SOTE) and weighed declaring force majeure on international contracts.
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ROME, Dec 6 (Reuters) - Electrical issues that prompted a force majeure at Cameron LNG's U.S. liquefied natural gas plant in September are now resolved, Cameron LNG spokeswoman told Reuters on Friday.
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The Oyu Tolgoi copper-gold mine in Mongolia's southern Gobi Desert declared force majeure after protests by Chinese coal haulers disrupted deliveries near the border, majority owner Turquoise Hill said Wednesday.
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On April 12, an arbitration panel denied FirstEnergy's demand for declaratory judgment that force majeure excused its performance under the coal contracts, and ruled that FirstEnergy breached and repudiated the contract.
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The National Oil Corporation, the state-owned oil firm based in the west of Libya, shut production as a result of the protest and declared force majeure, a waiver on its contracts.
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Energy firm ExxonMobil which had to declare force majeure on exports from its PNG LNG project in the wake of the earthquake has also donated US$1 million to the humanitarian effort.
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TRIPOLI/BENGHAZI, Libya (Reuters) - Libya's National Oil Company (NOC) on Monday declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group.
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"Energean has received a notice under its ... contract with TechnipFMC in relation to the travel restriction constituting a force majeure event, potentially entitling TechnipFMC to claim an extension of time," Energean said.
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MELBOURNE (Reuters) - Rio Tinto said on Monday it has declared force majeure on iron ore shipments to some customers following a fire at its Cape Lambert export terminal in Australia last week.
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On Wednesday, Shell Petroleum Development Co (SPDC) said it declared force majeure on Bonny Light crude exports on Tuesday after closing the Nembe Creek Trunk line (NCTL) for repairs after a leak.
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Destin, majority-owned by BP with Enbridge Inc a minority partner, said it was declaring force majeure, a legal clause that allows it to scrap commitments, as a result of the fire.
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Dominican Republic refining firm Refidomsa, which declared force majeure last week on deliveries, has been rationing fuel from its 34,000-barrel-per-day Haina refinery, giving it enough inventory for 20 days.
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An attack by armed factions opposed to Khalifa Haftar's Libyan National Army (LNA) has forced the closure of the two ports since June 14 and the declaration of force majeure on exports.
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The mine declared force majeure, which allows the company to miss deliveries because of circumstances beyond its control, at the start of the strike 11 days ago, added General Manager Raul Vera.
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Another field, El Feel, has also been shut because of the pipeline blockade, and NOC has declared force majeure on Mellitah crude exports due to the closure, two Libyan oil sources said.
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After Rio Tinto last week flagged it was declaring force majeure on some raw material contracts, it warned today of potential "adjustments" to its aluminium guidance this year due to the sanctions.
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Everybody understands that it would be a force-majeure event and the loan would have to be reimbursed and if we find a solution it will have to be in French interests.
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However, it warned in a statement that if force majeure was declared this would "have significant short and long term consequences for NOC affiliate companies, the national economy and the Libyan people".
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BHP Billiton, the world's biggest coking coal shipper, was among five miners in the region to declare force majeure, a clause typically invoked after natural disasters when companies cannot meet supply commitments.
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Ineos on Dec 13 was forced to declare force majeure on deliveries of Forties crude oil, natural gas and condensate, suspending its contractual obligations to customers due to circumstances beyond its control.
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According to riskmethods, a large portion of manufacturers are experiencing problems with their supply due to the coronavirus outbreak, with a 44% increase in companies declaring "force majeure" from December to February.
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The world's largest platinum producers - Anglo American Platinum, Sibanye Stillwater and Impala Platinum - have declared force majeure on contracts after a three-week national lockdown in South Africa forced operations to close.
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But Chinese entities may face a "rude awakening" when they try to claim force majeure against counterparties internationally, said Brian Perrott, a London-based partner at international law firm Holman Fenwick Willan.
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CAIRO (Reuters) - Libyan state oil firm NOC has declared force majeure on oil exports from the eastern ports of Brega, Ras Lanuf, Hariga, Zueitina and Es Sider, a statement said on Saturday.
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QUITO, Oct 20 (Reuters) - Ecuadorean state oil company Petroecuador said on Sunday it is resuming crude exports after protests this month against government austerity measures forced it to declare a force majeure.
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The company cut production, and declared force majeure on exports, after a drilling rig, experiencing mechanical difficulties, damaged the pipeline it jointly owns with the state-owned Nigerian National Petroleum Corporation (NNPC).
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Louis-Dreyfus has been attached to Downhill from the start, when Fox Searchlight executives approached her and Enough Said producer Anthony Bregman about remaking Force Majeure, which was then a recent release.
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BASF, the German chemicals giant, announced on Tuesday that a gas shortage had prompted it to invoke force majeure to break delivery contracts from its huge complex in Chongqing, in western China.
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The world's No. 2 miner of the steelmaking material declared force majeure on iron ore shipments to some customers following a fire at its Cape Lambert export terminal in Australia earlier this month.
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Sanalla said the NOC would not lift force majeure at export terminals if a payout went through due to the risk that the corporation would face liabilities over losses stemming from the blockade.
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Pouring fuel on an already boiling market was confirmation on April 22010 that Glencore, the marketing outlet for much of Rusal's commodity-grade aluminium, would be declaring force majeure on some supply contracts.
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Ruben Östlund (Force Majeure) won the Palme d'Or at Cannes in May for The Square, his high-concept takedown of our high-minded ideals and the myriad ways we flub them in execution.
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ABUJA (Reuters) - ExxonMobil is offering an October-loading cargo of Nigeria's Qua Iboe crude oil, the first offer since the company declared force majeure on the grade in July, sources said on Tuesday.
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Earlier in the day, the National Oil Corporation (NOC) had announced that a three-day pipeline blockade had ended and force majeure had been lifted on loadings of Sharara crude at Zawiya terminal.
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While Shell said the latest unrest had not yet impacted production, its Forcados field, for example, is still closed and under force majeure following a February subsea pipeline attack, taking out 250,000 bpd.
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On May 4, the CME declared force majeure due to load-out impossibility at a majority of the exchange-approved regular facilities on the Illinois River due to high water levels and flooding.
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A week ago NOC declared force majeure on the 70,000 bpd El Feel after a protest by guards closed the field, which is operated by a joint venture between NOC and Italy's Eni.
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Capping gains, force majeure was lifted on loadings of crude at Libya's Sharara oilfield, the country's largest, whose closure since Friday had caused an output loss of about 290,000 barrels per day (bpd).
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That failure, which caused El Paso to declare a force majeure, cut the operational capacity through the stations by about 0.2 billion cubic feet per day to around 0.4 bcfd starting on Tuesday.
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The NOC in Tripoli said on Friday that it expects to declare force majeure at Zueitina and Hariga on July 1, bringing total losses to 800,20163 bpd, or $60 million in daily revenue.
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Asked whether BHP would invoke force majeure, Mackenzie told media after the company's annual general meeting in South Australia that he did not expect the miner would let down any of its customers.
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Beet producers Western Sugar Cooperative and United Sugars Corp issued force majeure notices to clients late Tuesday, according to three market participants, after a cold snap hit large portions of the United States.
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ALMATY, March 6 (Reuters) - Kazakh natural gas exporter Kaztransgas is discussing further gas supplies with PetroChina after it issued a force majeure notice citing the coronavirus outbreak, the Kazakh firm said on Friday.
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Indian gas importers have issued force majeure notice to suppliers as domestic gas demand and port operations are hit by a nationwide lockdown to curb the spread of coronavirus, industry sources told Reuters.
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It was not immediately clear which aspect of its business Qinghai Copper, which sources most of its concentrate supply from Western Mining's copper mine in Tibet, was looking to declare force majeure on.
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That is because the majority of trading contracts between China and international parties are governed by English law, which only allows parties to claim force majeure if the document includes very specific clauses.
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China has signaled that it would allow firms to claim force majeure — essentially, recognition that a company cannot meet its obligations because of circumstances beyond its control — for reasons related to the outbreak.
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Downhill is a remake of the 2014 Swedish film Force Majeure — which, years after its premiere, still sparks arguments at certain sorts of parties over whether it is a drama or a comedy.
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"We have got to believe, and have faith in the organizers," said Scotland coach Gregor Townsend, who added that the rules have a 'force majeure' clause that gives the tournament some wriggle room.
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"We call on NOC to lift force majeure," Naji al-Maghrabi, the eastern-based commander of the state oil guards which were appointed to protect the field, said in a statement posted online.
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Exxon has struggled to bring production of Qua Iboe back to normal after an accident in May on a drilling rig that damaged a pipeline, after which the company also declared force majeure.
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LEAD: LME lead did not trade but was bid down 219% at $2475,835 a tonne, though it was up about 1.7% on the week after a major smelter halted production and declared force majeure.
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Chappy Hakim, chief executive of miner Freeport-McMoran's Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua.
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Libya's National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday, resulting in total production losses of 850,000 bpd due to the closure of eastern fields and ports.
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LONDON (Reuters) - Gas producer Energean said on Thursday it had been told by TechnipFMC, which is building a vessel it needs to begin Israeli offshore production, that the coronavirus was a force majeure event.
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DUESSELDORF, Germany (Reuters) - German industrial conglomerate Thyssenkrupp has declared force majeure as the Rhine's extremely low water levels are disrupting the delivery of raw materials to its Duisburg plant, the company said on Friday.
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"Citibank was told that there was a force majeure event in Venezuela, so the grace period was necessary, but they did not grant it," said one of the sources, who belongs to Guaido's team.
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CHICAGO, Jan 4 (Reuters) - CME Group Inc declared force majeure for all soybean shipping stations until further notice because of flooding on the Illinois River, a notice from the exchange operator said on Monday.
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It said its attacks had brought Nigeria's oil production to just 800,000 barrels per day (bpd), from 2 million bpd, without killing anyone, though they hit infrastructure feeding crude grades already under force majeure.
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Yancoal Australia Ltd already declared force majeure on its Middlemount mine, with bigger operators waiting to see if they will be able to fulfill contracts with customers in Japan, China, South Korea and India.
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"NOC has sent an inspection team to assess security at Sharara and to verify that all armed militia have left the field prior to force majeure being lifted," the spokesman said by text message.
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The NOC declared force majeure in both ports announcing an initial production loss of 240,000 barrels per day (bpd), which it said was expected to rise to 400,000 bpd if the ports stayed shut.
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Last year, a force majeure in Algeria delayed deliveries, while a long cold snap increased demand for heating and power generation, pushing the price of the French southern gas contract to a record high.
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The recent round of heavy rains has prompted Peruvian miners Milpo and Volcan to declare force majeure and led Brazil's Votorantim to halt zinc smelting at its Cajamarquilla plant on the outskirts of Lima.
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But the stoppage could impact the market at a time when the two biggest copper mines, Escondida in Chile and Grasberg in Indonesia, have both declared force majeure after production ground to a halt.
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Five miners in the cyclone-hit region, including BHP Billiton and Glencore have declared force majeure - a clause typically invoked after natural disasters - since multiple landslides and flooding knocked out major coal rail networks.
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Frontera Energy Corp is seeking to declare force majeure due to protests by Amazonian tribes in Peru that have halted its operations in the country's biggest oil block, Peru's energy regulator Perupetro said Tuesday.
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Looming U.S. sanctions on Iranian crude exports, force majeure in Libya and unplanned pipeline outages in Nigeria have been clouding the supply outlook despite rising output by the Organization of the Petroleum Exporting Countries.
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The fields were closed in June when an armed group attacked the eastern ports of Es Sider and Ras Lanuf, forcing NOC to declare force majeure for several weeks, a contractual waiver to clients.
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Whether he is targeting the behavior underpinning masculinity and the family in Force Majeure (2014) or race and class in Play (2011), the director often finds humor in the shifting dynamics of uncomfortable interactions.
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While there were exceptions to this, it was generally because the specific force majeure clause contained nonstandard language (such as a reference to a 'change in economic conditions') that might apply to financial turmoil.
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The federal shipping ministry has issued a letter allowing ports to use the COVID-19 pandemic as valid grounds to declare force majeure, according to a separate shipping ministry order also seen by Reuters.
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Last month, as Reuters reported, the French liquefied natural gas producer Total rejected a force majeure declaration by Chinese counterparties that claimed they could not complete a purchase because of the COVID-19 crisis.
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"English law encourages both parties in a force majeure situation to take steps to mitigate the event and the consequences – even if those actions are outside the terms of the contract," he told CNBC.
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As business activity and transportation has been restricted in many Chinese cities, companies unable to fulfill contractual obligations are applying for force majeure certificates issued by China's Council for the Promotion of International Trade.
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A line strike on NGPL's Amarillo line, a major route for Permian gas to flow to the Midwest, forced the company to declare a force majeure at Compressor Station 104 in Barton County, Kansas.
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NOC says the oil ports of Ras Lanuf and Es Sidr have been under attack since Thursday forcing it to announce a "force majeure" on crude oil loadings and evacuate its employees from the areas.
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Jiangsu New Times Shipbuilding Co, with a production capacity of 5 million deadweight tonnes (DWT) per annum, has issued a force majeure notice to 2020 Bulkers, a Bermuda-based cargo operator, following the virus epidemic.
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Russian Deputy Prime Minister Dmitry Kozak said on Thursday that Transneft would compensate all parties for losses incurred from contaminated oil if they could prove the damage, while the first European refinery declared force majeure.
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Royal Dutch Shell's Nigerian unit, Shell Petroleum Development Co (SPDC), said it had declared force majeure on Bonny Light exports following the closure of the Nembe Creek Trunk line (NCTL) for repairs after a leak.
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This disruption to output will likely push Nigeria's production to its lowest in more than two decades, and follows a force majeure on the Forcados crude oil grade which is likely to last until June.
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The benchmark cash-to-three-months spread flared out to a backwardation of $42 per tonne in the days following the company's original June 10 announcement of force majeure on Port Pirie shipments.
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ABUJA, Sept 13 (Reuters) - ExxonMobil is offering an October-loading cargo of Nigeria's Qua Iboe crude oil, the first offer since the company declared force majeure on the grade in July, sources said on Tuesday.
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Shell's Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Ltd (SPDC) said on May 17 it had declared force majeure on exports of Bonny light following a shutdown on the Nembe Creek Trunk Line stream.
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TC Energy Corp has declared force majeure on shipments on its 0.23,000-barrel-per-day (bpd) Keystone oil pipeline after a snow storm hit Manitoba over the weekend, disrupting operations, the company confirmed on Wednesday.
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LONDON, April 13 (Reuters) - Global miner Rio Tinto said on Friday it was in the process of declaring a force majeure on certain customer contracts after the U.S. imposed sanctions on Russian aluminium producer Rusal.
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The CEO just watched the Swedish film "Force Majeure," a drama-comedy about a family that has to piece itself together after the father runs away instead of saving his family during a natural disaster.
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Militants hit the al-Ghani, Mabrouk, and Dahra fields in the Sirte basin over a year ago, forcing the NOC to declare force-majeure on 11 fields, and there have been further attacks since then.
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"We are drafting clauses into contracts to say that, if Brexit would happen, it would be an element of force majeure," she said, which would limit investors' liabilities and obligations should Britain leave the union.
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TRIPOLI, July 17 (Reuters) - Libya's National Oil Corporation (NOC) said on Tuesday it had declared force majeure on exports from Zawiya oil terminal as production at Sharara oilfield dropped to 125,000 barrels per day (bpd).
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Using alternative transport has allowed it to avoid frequent declarations of force majeure on its crude exports when its Cano Limon-Covenas pipeline is attacked by rebels, which has happened 17 times this year alone.
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Oil has also been supported this week by a drop in supply from Libya, which declared force majeure on exports from its largest field on Sunday after tribesmen and state security guards seized the facility.
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The interruption of the crude flow through the 485-mile (780-km) Cano Limon-Covenas pipeline has forced Ecopetrol to declare force majeure on several shipments of Vasconia Norte crude for February and March deliveries.
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ExxonMobil Corp has declared force majeure on exports from its Papua New Guinea LNG project, which has been shut since a powerful earthquake on Monday, an industry source familiar with the matter said on Friday.
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Debbie, which hit Australia's Queensland state last week, caused the evacuation of several mines and damaged coal trains supplying export terminals, triggering two miners - Yancoal Australia and QCoal - to declare force majeure on its deliveries.
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A week ago NOC declared force majeure on the 70,000 bpd El Feel after a protest by guards closed the field, which is operated by a joint venture between state-owned NOC and Italy's Eni.
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The benchmark cash-to-three-months spread CMPB0-3 flared out to a backwardation of $42 per tonne in the days following the company's original June 10 announcement of force majeure on Port Pirie shipments.
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Looming U.S. sanctions on Iranian crude exports, force majeure in Libya and unplanned pipeline outages in Nigeria are meeting rising output by the Organization of the Petroleum Exporting Countries and clouding the supply outlook generally.
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"I mean anything is possible, but contractually Deontay Wilder is going to want his fight next, whether that's in July or whether there's a force majeure that takes that to October, November wherever," he said.
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Directed by Ruben Östlund (Force Majeure), it's a hilariously needling comedy about the contemporary art world, as well as the kind of idealistic liberalism that is tough to maintain in the face of real problems.
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NEW DELHI, March 27 (Reuters) - India's Haldia Petrochemicals has shut its naphtha cracker, a person familiar with the matter said, after ports in the country declared force majeure to prevent the spread of the coronavirus.
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IOC, which owns about a third of the country's 5 million barrels per day (bpd) refining capacity, has sent a force majeure notice to most Middle Eastern suppliers, a source familiar with the matter said.
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British miner BHP Billiton was also a top gainer, up 2.9 percent after it became the fourth miner to declare force majeure on Australian coal mines disrupted by Cyclone Debbie, pushing up coking coal futures.
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Downhill follows similar story beats as the original, but with a slightly different feel; it's not quite as grim as Force Majeure, and it's more focused on the married couple as characters rather than types.
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The markets were boosted earlier after Exxon Mobil Corp declared force majeure on exports of Nigeria's largest crude grade as a portion of production had been curtailed following damage to a pipeline by a drilling rig.
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Columbia Gas Transmission (TCO), the TransCanada subsidiary that operates the pipe, declared a force majeure on Thursday and said the damaged section of pipe could affect movement of about 1.3 billion cubic feet per day (bcfd).
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LEAD: Worries about lead supplies, mainly used to make auto batteries, have been fueled by Belgium-listed Nyrstar, which has halted output at its Port Pirie lead and zinc smelter in Australia and declared force majeure.
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L>, the world's biggest exporter of coal used to make steel, declared force majeure on Wednesday for coal deliveries from its mines in Australia's Bowen Basin after a cyclone damaged railway lines, disrupting delivery to ports.
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Dominican Republic refining firm Refidomsa, which declared force majeure last week on fuel deliveries, said on Wednesday it was rationing fuel from its 34,000-barrel-per-day Haina refinery, giving it enough inventory for 20 days.
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Oil prices rose on Friday, bouncing a bit from steep falls earlier in the week as a declaration of force majeure in Nigeria prompted some buying in a market still worried about the global crude glut.
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The situation was particularly acute in southern France, where the gas hub contract hit a record high in January as supply tightened after a force majeure disruption in Algeria and tensions in the global gas market.
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Cameco said Tepco cited a force majeure for ending the contract as it had been unable to operate its nuclear plants for 18 straight months due to Japanese regulations arising from the 2011 Fukushima nuclear accident.
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Force majeure on gas supplies to Nigeria LNG has hit one oil major particularly hard, sources say, prompting replacement buying, which in a logistically-determined market like LNG can leave only a few tenable alternatives available.
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BENGHAZI, Libya, Sept 15 (Reuters) - Libya's National Oil Corporation will lift force majeure at three ports seized days earlier by eastern forces, and exports will resume immediately at two of the ports, it said on Thursday.
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A period of consistent convoy crossings and stable concentrate supply chain are required before force majeure can be lifted, said Turquoise Hill, which owns 66 percent of Oyu Tolgoi with the Mongolian government holding the remainder.
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He also added that the company would be seeking to reduce the "force majeure" risk in its supply chain for Model Y production, which is a result of it being spread across almost the entire globe.
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LEAD: Worries about lead supplies, mainly used to make auto batteries, have been fuelled by Belgium-listed Nyrstar, which has halted output at its Port Pirie lead and zinc smelter in Australia and declared force majeure.
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LIMA, March 22 (Reuters) - Peruvian miner Milpo, controlled by Brazilian group Votorantim, declared force majeure on Wednesday after roads to its polymetallic mines El Porvenir and Atacocha in the Andes were blocked by recent deadly downpours.
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Clearly, Chinese authorities are anticipating contractual disputes between Chinese businesses and foreign counterparties and are attempting to streamline analysis of whether the COVID-19 pandemic constitutes a force majeure, or unforeseeable event that precludes contract performance.
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Royal Dutch Shell Plc extended its force majeure on exports of Nigeria's Bonny Light crude oil to cover the outage of the Trans Niger pipeline, the company said on Friday, providing further support to Brent crude.
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The major Buzzard oil field in the British North Sea was also shut for pipe repair work, China's CNOOC said on Friday, while Shell maintains force majeure remains on exports of Bonny Light crude in Nigeria.
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TUNIS (Reuters) - Libyan state oil company NOC said on Monday it had lifted force majeure at the El Sharara oilfield, the country's biggest, which has been closed since December when state guards and tribesmen seized it.
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Exxon Mobil cut Qua Iboe production and declared force majeure on exports on Friday, after a drilling rig, experiencing mechanical difficulties, damaged the pipeline it jointly owns with the state-owned Nigerian National Petroleum Corporation (NNPC).
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LONDON/CAIRO (Reuters) - Libya National Oil Corp (NOC) declared force majeure on loadings of Mellitah crude oil after the El Feel oilfield shutdown last week, six industry sources with knowledge of the matter said on Monday.
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Prices rose over $210.9 a barrel earlier in the session after Libya's National Oil Company (NOC) declared a force majeure on exports from the country's biggest oilfield, which was seized last weekend by a militia group.
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"SANZAAR policy states that in the event of a match cancellation due to force majeure, the match will be officially declared a draw and both teams will receive two competition points," it said in a statement.
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Concerns about aluminium supply after Rio Tinto declared force majeure on some customer contracts in the wake of sanctions imposed by the United States on its Russian partner Rusal pushed aluminium prices to their highest since 1.33.
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Two newcastlemax dry bulk vessels due to be delivered in April and May are facing possible construction delays, 2020 Bulkers said in a statement on Tuesday, citing a force majeure declaration from New Times on Feb. 5.
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Rio, which reported a 20.3 percent rise in first-quarter iron ore shipments in the March quarter, has declared force majeure on some customer contracts after U.S. sanctions on UC Rusal, the world's second biggest aluminum producer.
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They said CNOOC, which operates nearly half the terminals in China that receive LNG, had declared force majeure, which allows companies to suspend their obligation to fulfil contracts after unexpected events such as strikes and natural disasters.
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Libya's National Oil Corporation (NOC) declared a force majeure on Saturday at the country's largest oilfield, El Sharara, after it was shut down the previous day causing a production loss of about 290,000 barrels per day (bpd).
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Yancoal Australia Ltd has already declared force majeure, while miners including BHP Billiton and Glencore PLC are waiting to see if they will be able to fulfil contracts with customers in Japan, China, South Korea and India.
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"In the coming days oil production is likely to partially recover from its initial drop as non-striking staff are redistributed and inventories drawn upon, avoiding a force majeure on loadings," policy risk consultancy Eurasia Group said.
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On Thursday, Shell lifted force majeure - a legal clause that allows it to stop deliveries without breaching contracts - on Bonny Light that had been in place since early May following the closure of the NCTL for repairs.
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TRIPOLI (Reuters) - Libya's state oil company National Oil Corporation (NOC) declared force majeure late on Saturday at the country's largest oilfield, El Sharara, after it was shut down the previous day due to a suspected valve closure.
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Adding to concerns about supply outstripping demand, Royal Dutch Shell on Wednesday lifted a force majeure on exports of Nigeria's Forcados crude, bringing all the country's crude grades fully online for the first time in 16 months.
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Sharara, which was producing around 280,000 barrels per day, had been shut a week ago, engineers said, and NOC declared force majeure on loadings of Sharara crude from the Zawiya oil terminal, according to a company document.
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Oil prices climbed after Libya declared force majeure on some of its supplies, with Brent crude rising 0.8 percent to $77.93 per barrel and West Texas Intermediate (WTI) crude was up 1.1 percent to $74.77 a barrel.
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"There is always the concern of an airline invoking what's known as force majeure, where they would basically claim that the impact of the economic impact of this virus is basically an act of god," said Cucuzza.
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Should holding the Olympics be prevented due to a number of "force majeure" incidents ranging from disasters to war and "states of emergency connected to public health," organisers were not to be held responsible, the Asahi added.
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"This data suggests a gap in contract drafting, at least from the perspective of the entities affected by the coronavirus outbreak seeking to invoke their force majeure clauses," wrote Jennifer Tsai, the company's legal knowledge engineering associate.
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A document sent to oil traders and seen by Reuters on Monday said the NOC had declared force majeure - a waiver on contractual obligations - on crude loadings from the Sharara and El Feel oilfields in Libya's southwest.
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A document sent to oil traders and seen by Reuters on Monday said the NOC had declared force majeure - a waiver on contractual obligations - on crude loadings from El Sharara and El Feel oilfields in Libya's southwest.
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State-run refining company Refidomsa last week lifted a force majeure declaration on its fuel deliveries due to Hurricane Harvey, which limited its imports of oil from the U.S. Gulf Coast to be processed at the facility.
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I would also like to add that of course we are seeing that sometimes the market is affected by force-majeure circumstances, such as the higher than expected resumption of production in Libya and Nigeria for example.
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The CCPIT did not name the U.S. and Korean-invested companies that applied for the force majeure certificates but said the contract value involved was "more than 7 million yuan and more than 5 million yuan," respectively.
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LONDON, July 21 (Reuters) - Exports of Nigeria's largest crude oil stream, Qua Iboe, will remain under force majeure for at least one month while operator ExxonMobil repairs a leak on the pipeline feeding the terminal, sources told Reuters.
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LONDON/MOSCOW (Reuters) - Russia's state pipeline monopoly Transneft will compensate all parties for losses incurred from contaminated oil, but they must prove the damage, a government official said on Thursday, as the first European refinery declared force majeure.
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"Some Chinese customers, at least one, are trying to use the coronavirus to say I have force majeure," Philippe Sauquet, head of Total's gas, renewables and power segment, said during the company's full-year results presentation on Thursday.
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Among mid-caps, oil producer Tullow Oil slumped 7.6 percent after declaring a force majeure on two cargoes of oil from Ghana after an issue on the Floating Production Storage and Offloading (FPSO) facility that exports the oil.
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CEO Saad al-Kaabi said that although there was a "force majeure" clause in the agreement on the Dolphin gas pipeline, which links Qatar's giant North Field with the UAE, Qatar would not stop supplies for other reasons.
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Force majeure, which suspends a company's contractual obligations in the wake of situations that lie beyond its control, is common in oil-producing nations like Nigeria where unrest often disrupts output, but very rare in the North Sea.
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A London judge had ordered Tullow this month to pay rig owner Seadrill around $254 million, saying Tullow was wrong to end the contract on the grounds of force majeure over a maritime border dispute in West Africa.
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LIMA/HONG KONG (Reuters) - Chinese miner MMG Ltd on Tuesday said it expected to declare force majeure on contracts for copper from its Las Bambas deposit in Peru, hit by a weeks-long blockade by an indigenous community.
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As production resumed, the NOC lifted force majeure on loadings of Sharara crude from Zawiya port, where the tanker Seaways Hatteras was due to load a 130,000 tonne cargo, according to shipping fixtures and a Libyan oil source.
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Ras Lanuf and Es Sider have been closed since June 14, when armed factions opposed to Khalifa Haftar's Libyan National Army (LNA) attacked the two ports, forcing the NOC to close them and declare force majeure on exports.
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Libya's El Feel oilfield is shut because of a pipeline blockade and the state-run NOC oil company has declared a force majeure on Mellitah crude exports because of the closure, two Libyan oil sources said on Sunday.
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JOHANNESBURG, March 27 (Reuters) - South African diversified miner African Rainbow Minerals (ARM) on Friday said it received a notice of force majeure from Impala Platinum in terms of its concentrate agreement, due to a nationwide lockdown over coronavirus.
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The company is typically a long-term seller of LNG cargoes and could be offering the spot cargoes after importers in India invoked force majeure on imports following a slump in gas demand from the wide-spreading coronavirus.
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A document sent to oil traders and seen by Reuters on Monday said that the NOC had declared force majeure - a waiver on contractual obligations - on crude loadings from the Sharara and El Feel oilfields in Libya's southwest.
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The exploration and development of the five offshore blocks was suspended in 1990 under what is known as a "force majeure", but Shell and Exxon have accrued rentals to the government since then, Shell said in a statement.
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This has helped the market shake off further disruptions in Nigeria, where the largest stream of crude is under force majeure and pipeline attacks have cut some 700,000 barrels per day from production, according to state oil firm NNPC.
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Libya's state-owned National Oil Corporation (NOC) declared force majeure on operations at its biggest oilfield late Monday night amid a stand-off with armed protesters, expecting a loss of 315,000 barrels per day (bpd) for the OPEC member.
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The move by the Chinese buyer is likely to increase concerns that Chinese importers, or even exporters of product parts to global firms, could use force majeure certificates to get out of long-term contract obligations, trade sources said.
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I love him so much, and something he does quite a bit is finding this sort of comedy within these very dry, mundane situations, and then somehow being able to make it feel really epic, especially with Force Majeure.
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SYDNEY (Reuters) - Australia's QCoal on Tuesday became the second miner to declare force majeure in the wake of Cyclone Debbie, as the deadly storm's damage to railway lines in the country's northeast disrupts exports and pushes coal prices higher.
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BHP is the fourth miner in the region to declare force majeure - a clause typically invoked after natural disasters - leaving rivals in the United States to cash in on a surge in prices as Chinese steelmakers scramble for supplies.
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Among mid-caps, oil producer Tullow Oil slid over 11 percent after declaring a force majeure on two cargoes of oil from Ghana following an issue on the Floating Production Storage and Offloading (FPSO) facility that exports the oil.
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Top coking coal shipper BHP Billiton and Glencore are among other miners who have declared force majeure on shipments from Australia's Queensland state after landslides caused by Debbie hit a critical mountain pass on the railway connecting to ports.
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Still supporting prices was Tuesday's declaration of force majeure by Libya's National Oil Corp after production from the western Libyan fields of Sharara and Wafa was blocked by armed protesters, reducing output by some 250,000 barrels per day (bpd).
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Oil prices climbed on Tuesday after Libya declared force majeure on some of its supplies, with Brent crude rising 0.83 percent to $77.94 per barrel and West Texas Intermediate (WTI) crude was up 0.87 percent to $74.58 a barrel.
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FRANKFURT, Nov 10 (Reuters) - Chemicals group BASF said a fire at a production facility for aroma ingredients was also leading to a production outage in vitamins and carotenoids, widening a force majeure declaration to suspend its obligations to customers.
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Libya is resuming oil exports from some of its main ports which forces loyal to eastern commander Khalifa Haftar seized in recent days and has lifted related "force majeure" contractual clauses, the National Oil Corporation (NOC) said on Thursday.
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As for working conditions under time of emergency, future contracts could be reworked to reflect the possibility of extenuating circumstances (as teaching in the Anthropocene surely demands), offering compensation for overtime, emergency performance, like a reverse force majeure clause.
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Still 313: You go on a few dates with an exceedingly nice man who went to college with Lena Dunham, a fact in which you feign interest, and with whom you see "Force Majeure" at the Angelika (it's fine).
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Unipec, the trading arm of China's largest refiner, Sinopec, advised customers this week it would cut its sales of Syncrude for June due to the force majeure on Syncrude's production, according to a notice seen by Reuters on Wednesday.
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A further boost came from a shutdown in production in Libya, where the National Oil Company (NOC) declared force majeure on Monday on exports from the El Sharara oilfield, the country's biggest, which was seized last weekend by a militia group.
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If a cancelation or delay comes as a result of force majeure—the legal phrase used to describe unforeseen, unavoidable circumstances, such as bad weather or a worker strike—Delta doesn't necessarily have to refund your money or cover hotel bills.
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Disruption and curtailment fears in China as a result of the fast-spreading coronavirus has also compounded the pressure on LNG prices, S&P Global Platts said, with China's biggest importer of LNG declaring force majeure on some contracts on Thursday.
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Concerns are growing over a possible shortfall in iron ore supplies after Brazil's Vale SA on Tuesday declared force majeure on some iron ore contracts following a court-ordered halt to a mine responsible for nearly 9 pct of its output.
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Five miners in the cyclone-hit region, including BHP , and Glencore had to invoke force majeure - a clause typically invoked when producers cannot meet contracts due to natural disasters - as multiple landslides and flooding knocked out major coal rail networks.
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LIMA, Oct 22 (Reuters) - A strike at Shougang Group's iron ore mine in Peru by workers demanding higher pay has forced the company to declare force majeure on its shipments but has not reduced output, the mine's manager said on Monday.
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MANILA/NEW DELHI (Reuters) - India's Jindal Steel and Power suspended operations at its coking coal mine in Australia last month due to heavy rains caused by Cyclone Debbie, forcing it to declare force majeure, its chief executive said on Thursday.
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The more favorable price spread is driven in part by supply disruptions in Europe, including a force majeure on Nigeria's Forcados, a European refinery staple, that sources said could last until March as well as disruptions to Kurdish oil supplies.
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SYDNEY (Reuters) - Damage to rail lines in cyclone-hit northeast Australia is set to disrupt exports of the steel-making material from the world's largest coking coal region, underpinning prices and raising the prospect of major producers declaring force majeure.
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After declaring force majeure on exports, Freeport said on Monday it had started laying off workers in Indonesia and that it had given a formal notice to the government of multiple breaches of its contract in a step towards arbitration.
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That looked set to be delayed until at least Wednesday after the Chamber of Deputies said it would suspend a planned meeting on Tuesday as some of its members were unable to reach La Paz citing "force majeure" and insecurity.
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TORONTO (Reuters) - Freeport-McMoRan Inc said on Friday it cannot meet contractual obligations for copper concentrate shipments from its Grasberg mine in Indonesia following a five-week export ban, the second big producer in a week to declare force majeure.
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LONDON (Reuters) - Swiss-based trading and mining giant Glencore will declare force majeure on some aluminum supply, days after the United States sanctioned major supplier Rusal and its boss, metals magnate Oleg Deripaska, a source familiar with the matter said.
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The force majeure on some iron ore and pellets sales contracts came after a court on Monday ordered it to stop using eight tailings dams, including one affecting production of about 30 million tonnes of iron ore output per year.
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A senior official at Libya's National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, as air strikes continued and rival forces mobilized fighters in the area.
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Traders and analysts said a report from pricing agency Platts that a force majeure on exports of Bonny Light crude, scheduled to be 161,000 barrels per day (bpd) this month, could be lifted "very soon" was behind the loss in Brent.
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HOUSTON (Reuters) - Destin Pipeline aims to provide natural gas shippers impacted by a pipeline force majeure access to the VKGS delivery point by Wednesday evening, pending successful testing of meters and good weather, the company said in a notice on Wednesday.
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In a regulatory filing in Tel Aviv, Delek said it could not make the payment due to "force majeure", as the coronavirus and a steep drop in oil prices amid a struggle between Russia and Saudi Arabia have jolted global markets.
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Traders said it had likely been forced to seek buyers for its excess cargoes after being issued with a force majeure notice by Petronet LNG, the top gas importer for India, which has the world's second-highest population at 1.3 billion.
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Traders said it had likely been forced to seek buyers for its excess cargoes after being issued with a force majeure notice by Petronet LNG, the top gas importer for India, which has the world's second-highest population at 1.3 billion.
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NEW DELHI (Reuters) - Two Indian refiners declared force majeure on crude purchases from the Middle East on Friday after fuel demand plummeted due to a nationwide lockdown to stem the spread of coronavirus and the companies' tanks are full, sources said.
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It would be the second copper smelter in China, the world's biggest consumer of the metal, to declare force majeure after Guangxi Nanguo in southwest China made the move last month due to an inability to take delivery of concentrate.
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With demand already weakened in an economy slowed by a trade war with United States, several LNG buyers in China told Reuters they are considering either delaying cargoes or canceling them by invoking force majeure, though nothing had been decided yet.
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It comes across as a lesser version of Force Majeure for American audiences who simply cannot get over that one-inch-tall barrier of subtitles — down to a very entertaining turn by Kristofer Hivju, this time as an indifferent resort manager.
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When: January 18–March 18 Where: Eli Klein Gallery (398 West Street, Greenwich Village, Manhattan) A survey of 13 rising artists from China, Force Majeure invites audiences to consider the dynamics of power in relation to nature, gender, politics, and identity.
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Provided the economy is roughly where it is today, or is reasonably good and there is not a big force majeure event, ... I feel comfortable achieving a GAAP income-positive and cash-flow positive quarter every quarter from here on out.
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BENGHAZI, Libya (Reuters) - The speaker of the Libyan parliament urged the head of National Oil Corp (NOC), Mustafa Sanalla, to lift the force majeure declared in December at El Sharara, the North African nation's biggest oilfield, a parliament spokesman said.
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Copper prices on the London Metal Exchange rose 4.5 percent to hit $6,083 a tonne, its highest since June 2015, on market chatter that force majeure would be declared, meaning unavoidable circumstances would prevent the mine from fulfilling its contracts.
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The company said repairs to the phase B unit would take about 80 days and it had to declare force majeure - which allows the suspension of contractual obligations because of exceptional circumstances - as it cannot process material during that time.
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BEIJING, March 3 (Reuters) - A copper smelting arm of China's Western Mining has had its application for a force majeure certificate accepted after operations were affected by the coronavirus outbreak, an official from a regional trade body said on Tuesday.
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Qinghai Copper, a wholly owned subsidiary of Western Mining, is one of three firms so far to have a force majeure application approved by the China Council for the Promotion of International Trade, an official from council's Qinghai branch said.
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Mr. Ostlund, whose film before this one was the squirmy, incisive "Force Majeure," takes aim at some pretty fat satirical targets — art, taste, sex and money, for starters — and sprays buckshot at the audience as well as in his own face.
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BEIJING, March 11 (Reuters) - A total of 5,637 force majeure certificates have been issued to companies in China affected by the coronavirus outbreak, covering a total contract value of 503.5 billion yuan ($72.47 billion), a Chinese trade body said on Wednesday.
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BHP Billiton declared a force majeure last week on contracted copper shipments from its Escondida site in Chile, the world's largest copper mine, and Freeport-McMoRan Inc has sent home workers from its Grasberg facility, the world's second-biggest mine, this week.
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JAKARTA, Feb 18 (Reuters) - Chappy Hakim, the chief executive of Freeport-McMoran Inc's Indonesian unit, has resigned, the firm said in a statement on Saturday, after its parent company declared force majeure on copper concentrate shipments from its giant Grasberg mine in Papua.
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BENGHAZI, Libya (Reuters) - The chairman of Libya's National Oil Corporation (NOC) visited the port of Zueitina on Wednesday and said he would work to lift force majeure there, according to the head of a guard force now in control of the terminal.
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But when many consecutive attacks occur or the pipeline is interrupted for a long period of time, exporters of Vasconia including Ecopetrol and Occidental, declare force majeure on affected shipments as a means to keep exports flowing to as many customers as possible.
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A critical mountain pass on the railway connecting Australia's biggest coking coal mines to ports has been hit by landslides and buckled tracks caused by Cyclone Debbie, forcing some producers, including top exporter BHP Billiton, to declare force majeure on coal cargoes.
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The NOC said force majeure was declared on Friday after "members of Fazzan group from the Petroleum Facility Guards (PFG) threatened workers, entered the administrative offices in the field, tampered with official papers of the field administration and fired in the air".
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MOSCOW, March 5 (Reuters) - Russian gas giant Gazprom said it has not received a force majeure notice from China to suspend gas contracts due to the coronavirus outbreak and is supplying gas to China as usual, the TASS news agency reported on Thursday.
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China's Council for the Promotion of International Trade (CCPIT), a quasi-governmental organization that promotes foreign trade has issued thousands of force majeure "certificates" to Chinese companies, affirming that these businesses were affected by government policies to contain the COVID-19 epidemic.
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The CCPIT had issued over 4,000 certificates to Chinese companies affected by the virus who are seeking to invoke force majeure - a clause which allows companies to suspend their obligation to fulfil contracts after unexpected events such as strikes and natural disasters.
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Wei, who is now vice chairman and deputy executive officer at Beijing-based think tank, China Center for International Economic Exchanges, said he expected the number of new force majeure certificates to fall into the double digits in the next 10 days.
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"I think (declaring force majeure on LNG imports) may be possible, as the epidemic keeps (growing) and having a huge impact on demand," said a source with a Chinese firm who sought anonymity as he was not authorized to speak with media.
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NEW YORK, Oct 16 (Reuters) - TC Energy has declared force majeure on shipments on its 590,000-barrel-per-day (bpd) Keystone oil pipeline after a snow storm hit Manitoba over the weekend, disrupting operations sources familiar with the matter said on Wednesday.
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The delays affect about 17 million barrels for export, compared with over 24 million barrels earlier this month, indicating a slight easing in the port congestion that had raised the prospect of a force majeure declaration by Venezuela if barrels were not shipped.
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"BHP Billiton confirms that force majeure has been declared for all BMA Coal and all BMC Coal products as a result of damage caused by Cyclone Debbie to the network infrastructure of rail track provider Aurizon," the company said in a statement emailed to Reuters.
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That makes Jindal Steel, one of India's biggest steelmakers, the sixth miner in Australia to declare force majeure - a clause typically invoked after natural disasters - on coal shipments after Debbie halted operations, crippling the flow of coking coal from the world's top supplying nation.
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Miftah Magariaf, the head of the Petroleum Facilities Guard (PFG) allied with Haftar's forces, said Sanalla had told employees at Zueitina to "prepare for production" and that he would "go to Tripoli to complete steps for the lifting of force majeure at the port".
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NEW YORK, Oct 17 (Reuters) - TC Energy Corp will cut crude volumes flowing through the Keystone oil pipeline for the rest of October after declaring force majeure due to a snow storm in Manitoba over the weekend, sources familiar with the matter said on Thursday.
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The attacks, which put four key export streams under force majeure, had led production to plunge to just 1.37 million barrels per day in May, the lowest level since July 1988, according to the International Energy Agency (IEA), from 2.2 million barrels in January 2016.
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They have also prevented the NOC from resuming operations at the ports of Ras Lanuf and Es Sider, which were placed under force majeure on June 14 during an armed attack by opponents of Khalifa Haftar's Libyan National Army (LNA) that was later repelled.
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Qatar will not cut off gas to the United Arab Emirates despite a diplomatic dispute and a "force majeure" clause in its contract, the chief executive of Qatar Petroleum told Al Jazeera network, two weeks after some Gulf Arab states severed ties with Doha.
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BRASILIA/SAO PAULO (Reuters) - Brazilian miner Vale SA on Tuesday declared force majeure on some iron ore contracts after a court-ordered halt to a mine responsible for nearly 9 percent of its output following a dam burst which likely killed more than 300 people.
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Little wonder that many of those involved in the planning of such events are now testing the power of force majeure clauses, which are a typical provision in contracts that excuses a party's performance of its obligations when confronted with circumstances beyond its control.
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At least three major buyers in India, the world's fourth largest LNG importing country, issued force majeure notices to suppliers earlier this week as domestic gas demand slumped and port operations were affected by a nationwide lockdown to curb the spread of the virus.
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Indian LNG importers, including top buyer Petronet LNG, Gail (India) and Gujarat State Petroleum Corp (GSPC), issued force majeure notices to suppliers this week as domestic demand and port operations were hit by a nationwide lockdown to curb the spread of coronavirus, sources told Reuters.
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SAO PAULO, March 24 (Reuters) - Two Brazil energy companies tied to groups Cemig and Votorantim Energia have told business partners that the coronavirus outbreak is an event of "force majeure" that could be a reason for breaking energy contracts, according to documents seen by Reuters.
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As both the A&P and Wilmer alerts noted, the legislative affairs commission of China's National People's Congress announced last month that businesses prevented from performing their contractual obligations because of Chinese measures to contain the virus should be entitled to relief under force majeure.
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As manufacturers struggle to get factory workers back to production line due to extended holidays and suspension of public transport systems in some cities, China's trade agency said it would offer force majeure certificates to companies struggling to cope with the impact of the virus.
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The declaration is similar to force majeure, and allows all British Columbia grain shippers, including Cargill Ltd, Richardson International and Viterra Inc, to avoid penalties for late delivery due to circumstances outside their control, said Wade Sobkowich, executive director of the Western Grain Elevator Association.
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Miners and oil and gas companies were also assessing damage to their infrastructure, and an industry source said ExxonMobil Corp has declared force majeure on exports from its Papua New Guinea liquefied natural gas (LNG) project, which has been shut since the quake hit.
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Analysts say that with customers not needing as much fuel as they thought, Chinese buyers are trying to stop or reschedule shipments with some of them going to the extreme option of declaring force majeure — a legal term for unforeseen circumstances that invalidate a contract.
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Maintenance will last through the end of June and PDVSA clients that reject new deals with supply haircuts could see all of their Venezuelan supplies suspended until the circumstances obliging PDVSA to declare force majeure are resolved, one of the PDVSA officials told Argus.
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For delays or cancellations caused by a "force majeure" — weather, acts of God, riots, terrorist activity, civil unrest, embargoes, war, strikes, government regulation, shortages of labor or fuel or basically anything the airline says is out of its control — the airline isn't required to help you out.
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While they typically will in instances where it's the airline's fault, like with mechanical failures, but in cases like today where labor issues are the source of a problem, an airline may choose to cite "force majeure"—basically an 'act of god' out of their control.
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Reuters reported on Thursday that China National Offshore Oil Corporation (CNOOC), the country's biggest importer of liquefied natural gas (LNG), has declared force majeure on some prompt deliveries with at least three suppliers because of the rapid spread of the coronavirus, two sources said on Thursday.
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Mats, a Swedish submarine ship captain for hire (played by Force Majeure star Johannes Bah Kuhnke), gets entangled in espionage when his boss orders him to pilot an American special ops team to an undisclosed location in a rickety Cold War-era submarine called the Aurora.
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Force majeure was also declared due to lack of clarity over what measures it would take to return the plant, which has a capacity to produce 6.3 million tonnes of alumina per year and employs around 2,000 people, to normal operations, Norsk Hydro said in a statement.
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DUBAI (Reuters) - Qatar will not cut off gas to the United Arab Emirates despite a diplomatic dispute and a "force majeure" clause in its contract, the chief executive of Qatar Petroleum told Al Jazeera network, two weeks after some Gulf Arab states severed ties with Doha.
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Rio Tinto, which buys from and sells to Rusal and jointly owns an alumina refinery in Australia, said last month it would declare force majeure on some contracts, a legal term that allows a firm not to deliver on contacts due to circumstances outside its control.
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While Rio said in April it was in the process of calling force majeure on contracts that had been impacted by U.S. sanctions on Russian companies, it has not done so so far given the wind-down period for sanctions-hit business was extended until Oct. 23.
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The Swedish director Ruben Östlund, who brilliantly satirized bourgeois complacency in "Force Majeure" (2014) — in which a father makes a mad dash for safety during a controlled avalanche, grabbing his iPhone but leaving his family behind — is at it again with "The Square," opening Friday, Oct. 27.
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Qinghai Copper, a wholly owned subsidiary of Western Mining in northwest China's Qinghai province, is one of three Qinghai firms so far to have a force majeure application approved by the China Council for the Promotion of International Trade (CCPIT), an official from council's Qinghai branch said.
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Definitely not a comedy -- and indeed, the virtual opposite of a Valentine's Day movie -- the film was adapted from the 2014 Swedish title "Force Majeure" by Nat Faxon and Jim Rash, in their directing debut, sharing script credit with Jesse Armstrong (the creator of HBO's "Succession").
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MANILA, Feb 22 (Reuters) - London nickel inched lower on Thursday, extending its pullback from a more than four-month peak reached the day before on concerns that a force majeure by Brazil's Vale on some iron ore contracts could lead to restrictions in its nickel supply.
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NEW DELHI/SINGAPORE, March 25 (Reuters) - India's top gas importer Petronet LNG has issued force majeure notice to Qatargas seeking to delay loading of liquefied natural gas (LNG) cargoes under long-term deals as local gas demand has dropped, two sources familiar with the matter said.
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Their characters aren't quite as poignant as the couple in "Force Majeure," but these two comedians give the drama a go, ultimately finding an equilibrium between jokes — and frankly, there aren't many of them — and the film's sometimes unsettling emphasis on the more hard-to-swallow comedy of awkwardness.
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Zinc stocks in London Metal Exchange warehouses fell by another 598.463,200 tonnes on Wednesday to just 55,225 tonnes, the lowest since 1991, while the "disruption to copper supplies from Las Bambas lingers," ANZ said, referring to the mine in Peru where MMG expects to declare force majeure.
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Zinc stocks in London Metal Exchange warehouses fell by another 1,33 tonnes on Wednesday to just 55,225 tonnes, the lowest since 1991, while the "disruption to copper supplies from Las Bambas lingers," ANZ said, referring to the mine in Peru where MMG expects to declare force majeure.
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TORONTO, Feb 28 (Reuters) - The Oyu Tolgoi copper and gold mine in Mongolia's southern Gobi Desert will lift force majeure effective March 1 and majority owner Turquoise Hill Resources Ltd said on Wednesday that it expected to make up any sales-related effect over the next few quarters.
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That doesn't mean there aren't levels to this: A government-mandated shutdown that would directly affect them—as opposed to WWE calling off WrestleMania and the other WWE events on their own—would at least trigger the force majeure provisions in contracts that allow for refunds to promoters.
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Amplats said the repairs of the Anglo Converter Plant (ACP) Phase B unit would continue after water was detected in the furnace after a fire at the facilities A unit this month, forcing the world's second-biggest platinum producer to declare force majeure and cut its production outlook.
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Indian Oil Corp (IOC), the country's top refiner, has reduced its crude processing by 30% to 40% and shut its naphtha cracker plant in northern India because of falling demand and "to avoid tank top-up situation", the company said in its force majeure letter to crude suppliers.
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BEIJING, March 3 (Reuters) - -- Source link: (here) -- China Council for the Promotion of International Trade has issued 4,811 force majeure certificates to protect companies from legal damages stemming from the coronavirus outbreak, covering a total contract value of 373.7 billion yuan ($53.62 billion), Xinhua news agency reported on Tuesday.
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The storm is also having a longer-lasting effect on Australia's coal exporters with four miners in the region this week declaring force majeure - a clause typically invoked after natural disasters - leaving rivals in the United States to cash in on a surge in prices as Chinese steelmakers scramble for supplies.
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LONDON (Reuters) - Libya's state-owned National Oil Corporation (NOC) has declared force majeure on loadings of Sharara crude from the Zawiya oil terminal in the west of the country after a blockade on a pipeline linking the field to the port, according to a document seen by Reuters dated Sunday.
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Of course, things don't go according to plan… THE FOREIGN FILM Mashable Recommends: Force Majeure - In this pitch-black Swedish comedy, an avalanche strikes a ski resort and at the moment of impact, a husband and father of two instinctively puts himself before his family, causing tension in his marriage.
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Whether a company is preparing for the next industry-bending force majeure or simply seeking out prudent advice in flush times (or when the belt is tightening), these five lessons all apply: At my current company (Appcelerator, recently acquired by Axway), we've always struggled with the "reach versus revenue" conundrum.
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"The Shell Petroleum Development Company of Nigeria Ltd (SPDC) declared force majeure on gas supply to NLNG on 8 August 2016, following a leak on the Eastern Gas Gathering System (EGGS-1) pipeline through which it supplies the bulk of its gas to NLNG," a spokesman said in an emailed statement.
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Ryan might have used a synopsis of "Force Majeure" as an in-class case study, because shame and denial inhibit the reporting of human-triggered avalanches, which subsequently reinforces a culture of silence and impedes the sharing and disseminating of instructive stories in which the main characters do not choose wisely.
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"Downhill" replicates many of the touches that made "Force Majeure" so powerful, alternating between long, static images of chilly snowscapes with more intimate scenes of heated psychodrama, and ratcheting up that tension with occasional, gunshot-like explosions in the distance that accompany the release of pressure on the slopes by avalanche management equipment.
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"It [the delay] is driven primarily by the need to maximize the robustness of all ExoMars systems as well as force majeure circumstances related to exacerbation of the epidemiological situation in Europe, which left our experts practically no possibility to proceed with travels to partner industries," Roscosmos Director General Dmitry Rogozin said in a statement.
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On one side, behind glass, is Force Majeure, a white room with a pair of white sculptures and a pair of white floral shadow boxes—but the whole thing is overrun with colorful splotches of purple, red, yellow and green bacteria from the skin of folks living in New York's Chinatown and Koreatown, grown in culture.
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German cash and carry group Metro fell 11% after the European Commission approved its unconditional sale of Real to the SCP Group, while Anglo American Platinum shares slid almost 9% after an explosion caused the temporary shutdown of one of its plans, forcing the world's second-biggest platinum group to declare force majeure and cut its output guidance.
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Soybean exporters are considering declaring force majeure on shipments, a contractual clause that releases them from obligations because of events beyond their control, according to Anec, a trade group representing grains exporters such Archer Daniels Midland Co. and Louis Dreyfus Co. No trucks had delivered soybeans to Santos, the largest port in Latin America, since the protests started on May 21, an Anec group spokesman said.
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A former ACU staffer with direct knowledge of the group's multiyear contract with the event's host venue, the Gaylord National Resort & Convention Center in Maryland, said it includes a "force majeure" clause that allows the group to postpone the event in the event of an epidemic, although the former staffer noted that such venues are often booked in advance, making rescheduling difficult in practice.
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TORONTO, Feb 17 (Reuters) - Freeport-McMoRan Inc, the world's biggest publicly traded copper miner, has declared force majeure at its Grasberg mine in Indonesia, which cannot meet contractual obligations on copper concentrate shipments, a spokesman told Reuters on Friday Exports of copper concentrate from the mine have been suspended for more than a month, and last week production at the Papua, Indonesia mine came to a standstill.
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Libya's National Oil Corporation (NOC) said on Friday it expects to declare force majeure on loadings from the eastern ports of Zueitina and Hariga from July 1, raising losses in output from a power struggle over oil exports to 800,000 bpd OPEC and Russia have said they will raise output to meet demand and replace crude from unplanned disruptions but many analysts think that the extra supply may be inadequate.
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CAIRO, Feb 25 (Reuters) - Libya's state-run National Oil Corp said on Monday its chairman Mustafa Sanalla had arrived in United Arab Emirates to meet with a number of Libyan and international parties to discuss the Sharara oilfield crisis They would "discuss security measures necessary to find a solution to the Sharara crisis, that guarantee staff safety, and pave the way for the lifting of force majeure at the field," the statement said.
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It was marginally better on the Model S, he said, but still "hell," and on the Model X, it was roughly as difficult as it was on the Model S, which it shouldn't have been given that it managed to re-use a lot of the components from the X. Ultimately, that S-curve is something Tesla is confident it can achieve, Musk said, but it's very difficult to predict what shape it'll take, given factors, including 'force majeure' risks from a supply chain that includes up to 30 percent of components coming from outside North America.
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PROVIDES CORPORATE UPDATE AND CONFIRMS RESPONSE TO COVID-19 * SOUTHERN ENERGY - SECURED FIXED PRICE HEDGES ON PRODUCTION OF 6,000 MCF PER DAY OF NATURAL GAS AT AVERAGE PRICE OF $2.55 PER MCF THROUGH DEC 31 * SOUTHERN ENERGY - SECURED FIXED PRICE HEDGES ON PRODUCTION OF75 BARRELS OF OIL PER DAY AT AN AVERAGE PRICE OF $55.65 PER BBL THROUGH DEC 31 * SOUTHERN ENERGY CORP - SOUTHERN HAS APPROXIMATELY 45% OF ITS CURRENT PRODUCTION VOLUMES HEDGED * SOUTHERN - HAVE PROACTIVELY REDUCED CORPORATE SALARIES FOR ALL EMPLOYEES BY 20% IN RESPONSE TO COVID-19 AND WEAKENED COMMODITY PRICES * SOUTHERN ENERGY- OPERATIONAL EVENT AT MECHANICSBURG ASSETS CAUSED PIPELINE CO TO DIRECT ALL SUPPLIERS TO SUSPEND DELIVERIES INTO PIPELINE * SOUTHERN ENERGY CORP - PIPELINE COMPANY HAS DECLARED EVENT TO BE FORCE MAJEURE EVENT * SOUTHERN ENERGY - HAS SHUT-IN ABOUT 550 BOE/D OF PRODUCTION FROM MECHANICSBURG, REPRESENTING ABOUT 23% OF CURRENT VOLUMES, UNTIL SITUATION IS RESOLVED Source text for Eikon: Further company coverage:
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