The London and Australia-listed group paid about $20 billion for the assets just seven years ago and has spent almost as much developing the operations.…
View More BP Marks Major US Return with $10.5 Billion Shale Oil Purchase From BHP Billiton
Month: July 2018
BP Makes $10.5 Billion Shale Deal, Its Biggest Since Deepwater Horizon
The London-based energy giant said late on Thursday that it would buy an enormous portfolio covering 470,000 acres of shale oil and gas properties in…
View More BP Makes $10.5 Billion Shale Deal, Its Biggest Since Deepwater Horizon
Oil’s Hired Hands Are Looking Beyond Shale to an Overseas Boomlet
Meanwhile, Baker Hughes inked contracts to assist explorers in Australia and Myanmar in recent weeks. Norwegian oil giant Equinor ASA recently awarded … calls because…
View More Oil’s Hired Hands Are Looking Beyond Shale to an Overseas Boomlet
Putin reaches out to Trump on gas, oil, shale
Putin also suggested to Trump that Russia and the United States cooperate on regulating oil and shale gas production … Cosmetics retailer Lush Australia has…
View More Putin reaches out to Trump on gas, oil, shale
Fracking or food: A water-heavy way to extract shale could threaten crop growth in parts of India
Shale oil or gas extraction by hydraulic fracturing (fracking … northern Africa, China, India and Australia. In the assessment, the Permian-Triassic and the Cambay Formations…
View More Fracking or food: A water-heavy way to extract shale could threaten crop growth in parts of India
BP is front-runner to buy BHP’s US shale unit
The Australian mining conglomerate … include about 800,000 net acres in four U.S. shale basins, including the Permian Basin, one of the most productive oilfields…
View More BP is front-runner to buy BHP’s US shale unit
BP En Route to Acquire BHP US Oil and Gas Assets
According to sources close to the situation, BP has put down a bid of over US$10 billion on BHP Billiton’s US shale oil and gas…
View More BP En Route to Acquire BHP US Oil and Gas Assets
Report: Oil and gas M&A to surge in late 2018
The spike in M&A activity is expected to be led by Australia’s BHP Billiton selling its roughly $10 billion portfolio in shale oil and gas…
View More Report: Oil and gas M&A to surge in late 2018
How Strike Energy Hit A Home Run With US Shale Technology
Nicholls derived great satisfaction from Strike’s game-changing event occurring in the Cooper Basin—Australia’s oldest oil- and gas-producing basin … why can’t you treat this like…
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Hess unloads Utica shale to fund work in Guyana, Bakken
More than 90 percent of that came from the Bakken shale formation … A window for drilling at an oil prospect near the northern shore…
View More Hess unloads Utica shale to fund work in Guyana, Bakken