• Niger Delta Avengers attacks: Production will drop by 35,000bdp in H2 – Shell says

    Niger Delta Avengers attacks: Production will drop by 35,000bdp in H2 – Shell says

    Shell’s production in Nigeria will fall by around 35,000 barrels per day in the second half of the year due to “sabotage incidents” and scheduled repairs, the company said on Thursday.

    The company said in London while reporting a 72 per cent fall in its quarterly profit that its earnings could be impacted if the situation deteriorated.

    Besides, Royal Dutch Shell blamed weak oil prices and costs related to its $54 billion takeover of BG Group.

    Chief Executive Ben van Beurden was quoted […]