Reuters HOUSTON – U.S. oil and gas companies strained to get offshore operations back up and running on Thursday as the extent of Hurricane Ida’s damages became more apparent. Ida’s 150-mile-per-hour (240 kph) winds delivered a direct hit to the nation’s energy infrastructure. About 80% of the Gulf of Mexico’s oil and gas output remained offline in hundreds of platforms
Nasdaq Global miner BHP Group BHPB.L, BHP.AX said on Friday it would spend $544 million to develop its Shenzi North oil project in the Gulf of Mexico, and approved advancing its Trion oil project in Mexico into the design and engineering phase. BHP, which is the operator of Shenzi North and holds a 72% stake in it, said the project will add
Reuters Miner BHP Group BHP.AX sold its 35% stake in Neptune field in Gulf of Mexico to EnVen Energy Corp ENVN.N for an undisclosed sum, making the independent oil and gas company one of the largest operators of a major offshore platform. EnVen already owned a 30% stake in Neptune field, located in the deepwater, central Gulf of Mexico and operated by BHP. The
Reuters SINGAPORE -BHP Group Ltd said on Thursday it completed its first refuelling of a ship with biofuel this month in a trial run that is part of its efforts to reduce carbon emissions. It was also the first time that a ship has been refuelled with biofuel in Singapore, the world’s largest bunkering hub. A biofuel blend derived from
CNBC Mike Henry stepped into his role as CEO of Australia-based BHP, the world’s largest publicly listed mining company, just a few weeks before the coronavirus pandemic triggered lockdowns across the globe. Henry is a proponent for health and safety, strong value and a low environmental footprint. His goals for BHP met the headwind of Covid-19 as it cast an uncertain
From Reuters A strong rise in oil and gas production helped BP (BP.L) offset weaker crude prices and refining profit to again beat profit expectations on Tuesday, boosting its shares. BP’s second quarter contrasts with Total (TOTF.PA) and Norway’s Equinor (EQNR.OL), which posted sharp earnings drops, and builds on a steady recovery after deep cost cuts since the 2014 downturn,
From Reuters BRISBANE (Reuters) – Imports of liquefied natural gas (LNG) to Australia – the world’s biggest LNG exporter – now appear “highly realistic” as the country struggles to fill a looming gas shortage, U.S. energy giant Exxon Mobil Corp said on Thursday. The assessment will add to the sense of urgency in the industry, which experts say needs at
Anadarko, Chevron, BHP, BP among affected producers in Gulf of Mexico From Reuters/gCaptain (Reuters) – Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 13 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. Gulf. Offshore producers including Anadarko Petroleum Corp , BHP Billiton, BP and Chevron Corp
Second attempt for BHP Australian mining giant BHP Billiton (ticker: BBL) put out its nine months operational review today, which included a review of its shale portfolio and the statement that it might put its Fayetteville assets on the block again. “The Fayetteville field is currently under review and we are considering all options including divestment,” the company said in a
Step One in Floyd Wilson’s [former Petrohawk CEO] new oil and gas business venture was the $500 million recapitalization of RAM Energy Resources, Inc. (formerly ticker: RAM) late in 2011 to form Halcón Resources (ticker: HK). Step Two for the company (after cleaning up the RAM assets) was to accelerate Halcón’s growth by adding a strategic acquisition. HK and GeoResources,
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