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OIL & GAS

BHP finalises Browse sale

Mining major BHP Billiton has finalised the sale of its interest in the Browse liquefied natural gas (LNG) joint venture (JV) to PetroChina Investment for $1.63-billion. In December last year, BHP agreed to sell its 8.33% share in the East Browse...
10th June 2013
 
OIL & GAS

Woodside delays Browse development

Australian oil and gas major Woodside on Friday delayed the $45-billion Browse liquefied natural gas (LNG) development, near James Price Point, saying it was no longer commercial. Woodside said in a statement that an evaluation of the project,...
12th April 2013
 
SHALE GAS

Shale gas prices believed to have bottomed, impacting industries

Most exploration and production (E&P) market participants that contributed to a recent market survey believe shale gas prices have bottomed out and 87% of survey respondents predicted natural gas prices would stay the same or increase over the...
26th February 2013
 
OIL & GAS

BHP sells Browse JV interests to PetroChina

Mining major BHP Billiton announced on Wednesday that it would sell its interest in the East and West Browse joint venture (JV) to PetroChina International Investment for $1.63-billion. BHP owns the $30-billion Browse project in a JV with...
12th December 2012
 
DIVERSIFIED MINER

BHP to spend $6.5bn on boosting petroleum output

Mining giant BHP Billiton has sharpened its focus on its gas assets, with the miner announcing it would spend some $6.5-billion on its petroleum operations during 2013. Speaking in New York overnight, BHP CEO for petroleum, Michael Yeager, said...
5th September 2012
 
OIL & GAS

Chevron swaps stakes with Shell

US energy major Chevron would exchange its holdings in the Browse liquefied natural gas (LNG) development for fellow major Shell’s interest in the Clio and Acme fields, in the Carnarvon basin. Under the agreement, Chevron would exchange its 16.7%...
21st August 2012
 
DIVERSIFIED MINER

Kloppers gives up bonus as BHP takes $3.3bn charge on shale, nickel

BHP Billiton CEO Marius Kloppers would forgo his bonus for 2012, after the diversified miner reported an impairment of $2.84-billion on its US shale gas assets, and $450-million on its Nickel West assets, in Australia. The miner reported on...
3rd August 2012
 
OIL & GAS

Woodside delays Browse LNG decision to 2013

Oil and gas major Woodside has received federal and state approval to delay its final investment decision on the proposed $30-bilion Browse liquefied natural gas (LNG) project. Federal Resources and Energy Minister Martin Ferguson and Western...
10th April 2012
 
 
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