BHP Billiton Company News

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Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut
Wednesday, October 04, 2017 The rush of enthusiasm that followed the July find has turned into a nervous wait.

BHP Gearing Up to Start Drilling for Oil in Mexico's Deep Waters
Monday, October 02, 2017 BHP Billiton is getting closer to drilling its first oil wells in Mexico's deep waters.

BHP To Quit US Shale Business As Annual Profit Surges
Tuesday, August 22, 2017 BHP Billiton reported a surge in underlying full-year profits and said it would exit its underperforming US shale oil and gas business.

'You Wouldn't Do It': BHP Chair Regrets $20 Billion on Shale
Thursday, June 29, 2017 BHP Billiton Ltd. Chairman Jacques Nasser said the timing of its $20 billion spree into U.S. shale in 2011 was a misstep and that if the miner could turn the clock back it wouldn't have invested in the assets.

Woodside Sees Output Growing 15 Pct Over Next Three Years
Tuesday, May 23, 2017 After 2020, output will grow further with the expansion of its Pluto LNG project in Australia.

BHP Billiton Puts US Shale Gas Assets On The Block Again
Wednesday, April 26, 2017 BHP Billiton has put its Fayetteville shale gas assets in the United States back on the block.

BHP Is 'Very Anxious' U.S. Protectionism Could Blunt Growth
Monday, February 27, 2017 The head of the world's biggest mining company intensified his warnings that U.S. trade protectionism under President Donald Trump would threaten global growth and the fight against poverty.

BHP Billiton Named as Pemex's First Deepwater Oil Partner
Monday, December 05, 2016 BHP Billiton will pay $624 million to be Petroleos Mexicanos' first private partner in producing oil and natural gas in the deep waters of the Gulf of Mexico.

GTI, BHP Billiton Partner on Permian Fracturing Test
Wednesday, October 26, 2016 GTI and BHP Billiton will partner to test hydraulic fracturing technology in the Delaware Basin in Reeves County, Texas.

BLOG: Challenging Attitudes toward Sexuality in Oil, Gas
Tuesday, October 25, 2016 BP executive says support for lesbian, gay, bisexual and transgender workers will help shake longtime prejudices about the oil industry.

BHP Chairman Steps Down After Samarco Delayed Retirement
Thursday, October 20, 2016 BHP Billiton Chairman Jac Nasser says he will not seek re-election at next year's annual general meeting.

BHP Strikes Oil at Caicos in Deepwater Gulf of Mexico
Wednesday, October 05, 2016 BHP Billiton reports exploration success with its Caicos well in the deepwater Gulf of Mexico.

Woodside Eyes LNG Boost After $400 Million Gas Deal With BHP
Tuesday, September 06, 2016 Woodside may look to funnel gas from the Scarborough field off Western Australia to one of its existing liquefied natural gas plants after agreeing to a $400 million deal to buy half of BHP Billiton's stake in the remote offshore resource.

Woodside Buys 50% of BHP Billiton's Scarborough Assets Off WA for $400M
Monday, September 05, 2016 Woodside Petroleum inks agreements to acquire half of BHP Billiton's Scarborough area assets in the Carnarvon Basin, off Western Australia for $400 million.

Oil, Gas Companies Evacuate GOM Staff Ahead of Tropical Depression
Tuesday, August 30, 2016 Several oil and gas companies operating in the Gulf of Mexico have taken precautionary measures ahead of Tropical Depression Nine.

BHP Billiton Books Record Loss, Says Commodity Price 'Free Fall' Over
Tuesday, August 16, 2016 BHP Billiton reports a record $6.4 billion annual loss, hammered by a bad bet on shale, a dam disaster in Brazil and a commodities slump.

Supercomputers Deliver $500M Savings In BHP Hunt For Oil
Friday, July 29, 2016 Supercomputers that create 3-D seismic maps of BHP Billiton's oil and gas assets are accelerating work to bring new fields into production and have already notched savings of $500 million in development costs at a project in the Caribbean.

BHP Billiton Cuts Petroleum CAPEX by 44% in FY2017 to $1.4B
Wednesday, July 20, 2016 BHP Billiton cuts oil and gas capital expenditure (CAPEX) by 44 percent in financial year 2017 to $1.4 billion, compared to $2.5 billion in the previous year.

BHP Billiton to Invest $900M in Oil, Copper Exploration in FY17, Up 18% YOY
Monday, June 27, 2016 BHP Billiton plans to invest $900 million in oil and copper exploration in financial year 2017 (FY17), including three conventional deepwater oil projects in the Australia's Northern Beagle sub-basin, the Gulf of Mexico and the Caribbean.

Exxon, BHP Examining Sale of Joint Australia Oil and Gas Assets
Wednesday, June 15, 2016 Exxon Mobil Corp. and BHP Billiton Ltd. are studying plans to sell depleting energy assets in Australia, including the largest oil field ever discovered in the nation.

Woodside's First-Ever Hackathon Yields New Technology Ideas
Wednesday, May 18, 2016 A hackathon hosted by Woodside Energy yields 22 prototypes of technology that could reduce Woodside's costs and enhance its operational efficiency.

Transocean Bags Deal for Actinia to Drill Offshore India for ONGC
Friday, April 22, 2016 Transocean bags a three year contract from ONGC for the Actinia semisub to work offshore India.

Australia Watchdog Looks To End ExxonMobil, BHP Joint Gas Sales
Friday, April 22, 2016 Australia's competition watchdog wants to break up a marketing joint venture between ExxonMobil and BHP Billiton to help boost competition in the eastern Australian gas market, it says.

Santos Completes Sale of 35% Stake in Kipper Field Off Australia to Mitsui
Thursday, March 03, 2016 Santos completes sale of a 35 percent stake in Kipper gas and condensate field in the Gippsland Basin, offshore Australia to Japan's Mitsui for $358.2 million.

BHP 'Simplifies' Operations, Petroleum President Leaves
Tuesday, February 23, 2016 BHP Billiton Ltd implements a 'simplified operating model', which is designed to "accelerate productivity and value creation".

BHP Faces Music on Shale Spurring Speculation Dividend Is Next
Friday, January 15, 2016 BHP Billiton says it expects to take a write down of $4.9 billion on the value of its U.S. shale assets due to the tumble in oil prices.

NWS JV to Develop $2B Greater Western Flank Phase 2 Project Off Australia
Friday, December 11, 2015 The North West Shelf joint venture approves development of the $2 billion Greater Western Flank Phase 2 Project offshore Australia.

Can Part-Time Work Minimize the Number of Layoffs in Oil, Gas?
Thursday, September 24, 2015 Rigzone explores how the oil and gas industry would fare by utilizing more part-time workers during the downturn.

EMAS AMC Bags Contract for Angostura Project Offshore Trinidad & Tobago
Tuesday, September 08, 2015 EMAS AMC bags contract from BHP Billiton for the Angostura project offshore Trinidad and Tobago.

BHP Plans To Shed Around 100 HQ Jobs As Commodities Tumble
Tuesday, July 28, 2015 BHP Billiton intends to cut about 100 jobs at its Melbourne headquarters in coming years as it strives to lower overheads and streamline corporate operations amid a crash in minerals prices.

BHP Shale Writedown Has Some Banks Asking: Where's the Rest?
Thursday, July 16, 2015 The size of BHP's $2.8 billion writedown for its US shale assets took some banks by surprise: at least two thought it was too small.

BHP Says Will Take $2B Charge On US Onshore Energy Business
Wednesday, July 15, 2015 BHP Billiton says it will take a $2 billion impairment on its US shale operations - the third writedown in three years.

BHP Billiton: New Production Sources Needed to Meet Future Demand
Tuesday, May 19, 2015 BHP Billiton has urged the global oil and gas industry to make significant new discoveries to avoid a significant gap in long-term demand.

BHP Puts Australian LNG Project With Exxon on Back Burner
Monday, May 18, 2015 BHP Billiton is putting its Scarborough liquefied natural gas project with ExxonMobil in Australia on the back burner amid lower prices and increasing competition from the US.

BHP Agrees to Sell Pakistan Gas Business
Monday, February 16, 2015 BHP Billiton agrees to sell its Pakistan gas business to a local firm, a unit of the Hashoo Group, for an undisclosed sum, the global miner says.

BHP Billiton Slashes Shale Drilling Amid Oil Crash
Tuesday, January 20, 2015 BHP Billiton says it would cut its shale drilling spend over the next six months as it looks to meet its promise not to cut dividends in the face of a collapse in iron ore, copper and oil prices.

BHP Tipped To Cut US Shale Spend To Shore Up Dividend Promise
Monday, January 19, 2015 BHP Billiton may be forced to slash its planned $4 billion spending this year on US shale wells and book writedowns on its shale assets as it battles plunging prices.

APPEA Seeks New Chief Executive as David Byers Resigns to Join BHP Billiton
Friday, January 16, 2015 The Australian Petroleum Production & Exploration Association is recruiting a new chief executive after David Byers resigned to join BHP Billiton.

NWS JV to Develop $1B Persephone Project Off Northwest Australia
Thursday, November 27, 2014 The North West Shelf joint venture approves development of the $1.02 billion Persephone project offshore northwest Australia.

BHP Billiton Eyes Sale Of US Shale Gas Assets In Profit Drive
Monday, October 27, 2014 BHP Billiton is planning to sell its Fayetteville shale gas assets in the US, in the latest effort to trim its portfolio in the region and focus on more profitable petroleum liquids.

BHP Billiton, PEMEX Sign Technical Exchange Agreement
Friday, September 26, 2014 BHP Billiton and PEMEX sign an agreement for the exchange of oil and gas technical knowledge, experiences and practices.

Focus on Relentless Improvement Needed for Big Oil's Success in Shale
Wednesday, June 04, 2014 Big oil companies can be successful in shale, but success requires a focus on "relentless productivity improvement," according to the leader of BHP Billiton's US onshore business.

Atwood Clinches Drilling Contract from BHP for Atwood Falcon Seimsub
Friday, May 02, 2014 Atwood Oceanics clinches a drilling contract for Atwood Falcon semisub to work offshore Australia for BHP Billiton Petroleum.

BHP Billiton Updates 2014 Production Guidance
Wednesday, April 16, 2014 Operational activities force the diversified resources company to adjust its petroleum division's production guidance for the current financial year.

Mackenzie: Keep Markets Free, Address Climate Challenges
Tuesday, March 04, 2014 BHP Billiton is optimistic in his CERAWeek keynote speech despite energy challenges.

Production Rise Boosts BHP Billiton Results
Wednesday, January 22, 2014 BHP Billiton's petroleum division continues to deliver for the diversified resources company, with production increases highlighting its half year results to end 2013.

Otto Energy Takes Over BHP Billiton's Stake in SC55
Tuesday, January 21, 2014 Otto Energy executes final binding agreements with BHP Billiton to terminate the farm-out deal for Service Contract 55, offshore the Philippines.

BHP Says US Shale Business To Generate Cash From 2016
Tuesday, December 10, 2013 BHP Billiton says its US shale business would break even from 2016, generating cash that would grow to almost $3 billion a year by the end of the decade.

Otto Energy Executes LOI to Assume BHP Billiton's Interest in SC55
Thursday, November 28, 2013 Otto Energy executes a letter of intent with BHP Billiton Petroleum (Philippines) Corporation to assume the latter's interest in Service Contract 55 offshore the Philippines.

ONGC, BHP Should Consider Collaboration in Exploring 9 Blocks in India
Wednesday, November 27, 2013 India's Petroleum Minister suggests that ONGC and BHP Billiton should consider forming a partnership to explore nine oil and gas blocks in the country after the firm recently relinquished the blocks.