bp will take a 40.5 per cent equity stake in the Asian Renewable Energy Hub (AREH) north-east of Port Hedland in Western Australia.
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Rio Tinto, bp in marine biofuels trial
Leading mining company Rio Tinto and bp have agreed to work together on a one-year biofuel trial to help reduce carbon emissions from Rio Tinto’s marine fleet.
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Monadelphous’ $400m contracts cover all bases
Monadelphous has revealed a basket of new contracts in the resources and energy sectors worth about $400 million, including with South32, Newcrest and Codelco.
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Coal industry continues to boom
Global coal consumption and production rose in 2018, reflecting positive results for the Australian coal industry according to new data released by BP in its 2019 statistical review of world energy.
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BHP commits $1.34bn to petroleum ventures
BHP has approved two major funding packages worth a combined $US952 million ($1.34 billion) to advance its petroleum prospects offshore the United States and Mexico.
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BHP completes $US300m sale of Fayetteville onshore gas asset
BHP has finalised the sale of its Fayetteville onshore gas assets in Arkansas to MMGJ Hugoton III for $US300 million ($415.3 million).
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BP front-runner to buy BHP oil and gas operations after $US10bn bid
BP has emerged as the front-runner to buy BHP's US shale assets after submitting a bid of over $US10 billion ($13.5 billion).
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Beach Energy farms into LNG prospect with BP and Cue
Beach Energy has entered into an equity deal over two prospects at the Ironbark offshore gas project in the Carnarvon Basin, Western Australia.
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Chevron withdraws from Great Australian Bight exploration
Energy giant Chevron is abandoning its $400 million exploration plans in South Australia’s Great Australian Bight.
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BP executive heads to Incitec Pivot
BP executive Jeanne Johns has been selected as the new managing director and CEO of Australian industrial chemicals and explosives manufacturer Incitec Pivot (IPL).
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Australia contributes to sharp decline in global coal consumption
Australia has contributed as global coal consumption fell sharply for the second consecutive year in 2016, according to a BP report.
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Statoil to begin Great Australian Bight drilling
Statoil has been granted regulatory approval to revive exploration in the Great Australian Bight after signing a swap agreement with BP.
The Norwegian company will take over two permits off Australia’s
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Avoiding the next Deepwater Horizon
It has been seven years since the Deepwater Horizon explosion that killed 11 people and created what is regarded as the worst oil spill in United States history. A seminar series investigating the aftermath was recently held in Sydney, exploring the human and organisational factors that led to the disaster.
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BHP invests $US2.2b in Mad Dog Phase 2
BHP Billiton is investing US$2.2 billion ($2.9 billion) as part of its share in the development of the Mad Dog Phase 2 oil project in the Gulf of Mexico.
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BHP secures Gulf of Mexico deal with Pemex
BHP Billiton has won a bid to acquire a majority share in the deep-water Trion oil field project in the Gulf of Mexico.
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BP commits to Mad Dog project as BHP considers decision
BP is moving forward with the US-based Mad Dog oil project, which includes BHP Billiton as a key partner, at a considerably lower development cost.
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BP exits oil drilling in Great Australian Bight
BP has opted out of its exploration drilling program in the Great Australian Bight (GAB), sparking frustration from the South Australian Government.
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Caltex Australia and BP win procurement and supplier awards
Caltex Australia and BP have been recognised for their innovative procurement and sourcing programs, netting two major awards at the 2016 CPO of the Year award.
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Perth-made drill riser innovation boosts deep water oil industry
Australian Marine and Offshore Group has released the Longitudinal Groove Suppression (LGS) drill riser buoyancy system to improve drilling in the deep water oil industry.
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BP announces huge job cuts for 2016
Oil giant BP has announced a round of staff cuts in response to fears of tumbling oil prices.
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