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BHP finalises Browse sale

By: Esmarie Swanepoel 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 JV and its 20% interest in the West Browse JV to... 

Woodside delays Browse development

By: Esmarie Swanepoel 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, ahead of a final investment decision, determined that... 

Shale gas prices believed to have bottomed, impacting industries

By: Henry Lazenby 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 next two years or increase by 10% or more in the next... 

BHP sells Browse JV interests to PetroChina

By: Esmarie Swanepoel 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 Wooodside, which is the operator; Shell; BP and Chevron.... 

BHP to spend $6.5bn on boosting petroleum output

By: Esmarie Swanepoel 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 that the majority of this spend would go towards... 

Chevron swaps stakes with Shell

By: Esmarie Swanepoel 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% interest in the East Browse titles and its 20%... 

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

By: Esmarie Swanepoel 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 Friday that low US gas prices, owing to a short-term... 

Woodside delays Browse LNG decision to 2013

By: Esmarie Swanepoel 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 Australian Mines and Petroleum Minister Norman Moore... 

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