BHP has flagged its ongoing interest in the petroleum market, commenting that the outlook remains positive due to rising demand from the developing world and natural decline in supply.
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BHP on track for successful year despite productivity losses
BHP remains optimistic about delivering high volumes over the next year despite recording approximately $US1 billion ($1.42 billion) in negative movement in productivity for the 2019 financial year.
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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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ExxonMobil, BHP move forward with West Barracouta project
Joint venture partners ExxonMobil and BHP have approved the development of the western dome of the Barracouta gas field in the Bass Strait offshore Victoria.
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BHP lines up exploration licences with $859m bid
BHP has won the bids to acquire a full ownership and operatorship of exploration licenses for two oil blocks in the offshore Orphan Basin, Eastern Canada.
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BHP reveals impact of Olympic Dam disruption
BHP is reducing its 2019 copper guidance by 3 per cent following outages at the Olympic Dam mine in South Australia and Spence operation in Chile.
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BHP’s Olympic Dam slowed by technical concern
BHP is reportedly working to fix a technical issue that has disrupted its processing facilities at the Olympic Dam mine in South Australia.
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BHP sets iron ore, metallurgical coal records
BHP has hit an iron ore production record in the 2018 financial year, improving its output by 3 per cent.
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Santos commissions $416m Scotia project
Santos has completed commissioning and start-up of the Scotia CF1 project in Queensland ahead of schedule and under budget, with initial full field production exceeding 40TJ of gas a day.
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BHP edges closer to US shale exit
BHP is weighing up several options in a plan to offload its onshore petroleum assets in the United States.
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BHP flags iron ore production growth
BHP increased production at its Western Australian Iron Ore (WAIO) operations by 4 per cent in the 2017 financial year.
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BHP Billiton takes aim at company restructure idea
BHP Billiton has again shot down a proposal by Elliot Associates to restructure the company.
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BHP Billiton uses higher commodity prices, productivity push to increase profit
BHP Billiton has delivered a significant rise in profit during the first half of the 2017 financial year, helped by a resurgence in commodity prices and a company push to lift productivity.
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BHP Billiton delivers record iron ore output as prices surge
BHP Billiton is making the most of higher iron ore prices, lifting output at its Pilbara mines in Western Australia to a record during the December 2016 half year.
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APPEA backs ‘timely’ petroleum tax review
The industry body has expressed support for the Australian Government’s decision to review the petroleum tax system in the country.
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Australian Government to review effectiveness of petroleum taxes
The Federal Government has launched a review into Australia’s underperforming petroleum resource rent tax (PRRT).
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BHP to drill NW shelf in 2018
BHP has announced a renewed focus on “value over volume” in their petroleum business.
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Quarterly exploration spending plummets
Petroleum exploration has seen sharp falls in expenditure on production leases, with Western Australia the worst hit on seasonally adjusted figures.
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BHP posts record iron ore, coking coal production
BHP Billiton has achieved record coal and iron ore production in the September quarter, attributing the results to its “relentless” focus on productivity.
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The $20bn question mark hanging over BHP Billiton’s non-core assets
BHP Billiton sent the market into overdrive yesterday with an ASX release that all but confirmed its intention to demerge its non-core assets.
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