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BHP to spend $2.2bn on US Mad Dog oil project

Cecilia Jamasmie | February 09, 2017 | 3:50 am Base Metals Top Companies Australia Europe Copper Iron Ore 

Mining giant BHP Billiton (ASX, NYSE:BHP) (LON:BLT) approved Thursday a $2.2 billion investment to expand its Mad Dog deep-water oilfield in the Gulf of Mexico. Expansion has the potential to increase production to 140,000 barrels of oil per day from...

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