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Posts on ‘August 23rd, 2017’

Shell fires-up production in Nigeria

Shell today confirmed it had kick-started production at Gbaran-Ubie Phase 2 in Nigeria’s Niger Delta region.

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Today’s announcement is a positive step for Shell’s global gas portfolio,” said Andy Brown, Shell’s upstream director.

“It is also good news for Nigeria as gas from Gbaran-Ubie Phase 2 will strengthen supply to the domestic market and maintain supply to the export market.”

Phase 2 follows the success of the first phase of the Gbaran-Ubie integrated oil and gas development, which was commissioned in June 2010. Peak production of around 175,000 barrels of oil equivalent (boe) per day is expected in 2019. read more

Shell says starts gas production at expanded Nigeria project

AUGUST 23, 2017

AMSTERDAM (Reuters) – Anglo-Dutch oil major Royal Dutch Shell (RDSa.L) has started gas production from the second phase of the Gbaran-Ubie project in Nigeria’s Niger Delta, the company said on Wednesday.

The project is an expansion of the Gbaran-Ubie development, which opened in June 2010.

Shell, through its Shell Petroleum Development Company of Nigeria subsidiary, said the project would reach peak production of around 175,000 barrels of oil equivalent per day in 2019. read more

BHP Billiton replaces directors Brinded and King

BHP Billiton replaces directors Brinded and King

The firm says that, “given his involvement in ongoing legal proceedings in Italy relating to his prior employment with Shell”, Malcolm Brinded has decided not to stand for re-election as a non-exec.

Live ReportingBy Bill Wilson 23 August 2017 7.29

A shake-up at the board of mining company BHP Billiton has been announced this morning.

Firstly, the highly experienced Terry Bowen and John Mogford have been appointed to the BHP Board as independent non-executive directors.

But it is the departures that are more interesting.

The firm says that, “given his involvement in ongoing legal proceedings in Italy relating to his prior employment with Shell”, Malcolm Brinded has decided not to stand for re-election as a non-exec.

And “owing to concerns expressed by some investors”, fellow non-exec Grant King has decided that he will not stand for election at the 2017 annual general meeting. read more

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