is ramping down operations at its Shenzi and Neptune oil platforms in the Gulf of Mexico ahead of back-to-back storms moving into the region, a spokeswoman said on Sunday. Trion is a deep-water oil field planned to be developed on the Mexican side of the Gulf of Mexico. bhp gulf of mexico. London — BHP has agreed an initial deal with Hess Corp. to buy an additional 28% in the Shenzi deepwater concession in the Gulf of Mexico, raising its upstream interest by 11,000 b/d of oil equivalent, the company said in a statement Oct. 6. In its Q1 2017 report, BHP Billiton says it was the apparent high bidder on two leases adjacent to the Scimitar prospect (GC260 and GC304) in the Central Gulf of Mexico Lease Sale 247. 280. BHP oil rig | Gulf of Mexico. CEO John Hess . Exxon Mobil Corp and Occidental Petroleum said they are closely monitoring Dorian, and their Gulf of Mexico operations were operating normally. The purchase price of the Shenzi field stake is $505m. BHP is currently the operator of the field with a 44% stake, while Hess and Respol are its partners. To support its Gulf of Mexico business, bp maintains a logistics base in Port Fourchon, Louisiana, along with a heliport in Houma, Louisiana. While BP has reached a final investment decision (FID) on Atlantis Phase 3, co-owner BHP is expected to make a final investment decision in early 2019. BHP is also extracting more barrels from Shenzi and has paved the way for longer-term growth through exploration ventures in Trinidad and offshore Mexico as well as in the US Gulf. Production is expected to begin in CY2022. The project includes a subsea tie back of eight new production wells and is expected to increase production by an estimated 38,000 gross barrels of oil equivalent per day at its peak. By Erwin Seba HOUSTON, Oct 26 (Reuters) – Oil producers on Monday shut offshore production and pulled workers off platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened into a hurricane and took aim at the U.S. Gulf Coast. BHP said its acquisition of the Hess Corporation's 28 per cent in the Shenzi field, which brings its stake to 72 per cent, was consistent with its strategy of targeting "counter-cyclical" acquisitions in high-quality producing assets. The Neptune Field is located in the Gulf of Mexico in Atwater blocks 573, 574, 575, 617, and 618, approximately 120 miles from the coast of Louisiana in water depths ranging from 4,200ft to 6,500ft. BHP oil rig | Gulf of Mexico. The BHP Board has approved BHP’s US$696 million (~AUD$973m) share in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. Business reporter for The Age and Sydney Morning Herald. On 13 February 2019, the BHP Board approved the development of the Atlantis Phase 3 project in the US Gulf of Mexico. "As the operator, we have more opportunity to grow Shenzi high-margin barrels and value with an increased working interest.". Offshore staff. Atlantis Phase 3 is located in the deepwater Gulf of Mexico, approximately 208 kilometres off the coast of Louisiana. Hess Corp. has completed the sale of its 28% working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP for $505 million. BHP Billiton Ltd. said Wednesday it had encountered oil in multiple horizons at the Caicos exploration well in the deepwater Gulf of Mexico. BHP has signed a Membership Interest Purchase and Sale Agreement with Hess to acquire an additional 28 per cent working interest in Shenzi, a six-lease development in the deepwater Gulf of Mexico.Shenzi is structured as a joint ownership: BHP (Operator, 44 per cent interest); Hess (28 per cent interest) and Repsol (28 per cent interest). Ms Slattery said. BP is the largest investor in the Deepwater Gulf of Mexico over the past 10 years. In February 2017, BHP Billiton announced a $2.2 billion investment in the new BP platform in the Gulf of Mexico. Gulf of Mexico. BHP Billiton in 2016 submitted a winning bid to acquire a 60 percent interest in blocks containing the Trion discovery located in the deep-water Gulf of Mexico offshore Mexico. We also own 25 per cent and 22 per cent, respectively, of the companies that own and operate the Caesar oil pipeline and the Cleopatra gas pipeline. One study projects that the overall impact of lost or degraded commercial, recreational, and mariculture fisheries in the Gulf could be $8.7 billion by 2020, with a potential loss of 22,000 jobs over the same time frame. The Gulf of Mexico commercial fishing industry was estimated to have lost $247 million as a result of postspill fisheries closures. BHP, formerly known as BHP Billiton, has approved $696 million in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. BHP is growing its oil portfolio in the Gulf of Mexico but looking to streamline in Australia.Credit:Rob Homer. BHP Billiton is the operator with a 60% participating interest, while the remaining 40% is held by Mexico’s state-owned oil company Petroleos Mexicanos (Pemex). BHP Group Ltd evacuated workers as it shut in production on the Neptune platform in the U.S.-regulated northern Gulf of Mexico, a company spokeswoman said. NEW YORK – Hess Corp. has entered into an agreement to sell its 28% working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP.. BHP has signed a Membership Interest Purchase and Sale Agreement with Hess to acquire an additional 28% working interest in Shenzi field. Hess Corp. (NYSE: HES) reported Friday that it has completed the sale of its 28-percent working interest in the Shenzi Field in the deepwater Gulf of Mexico (GOM) to operator BHP (NYSE: BHP). BHP raises its bet on oil with $700m acquisition in the Gulf of Mexico. Trion is an oil field under development on the Mexican side of the Gulf of Mexico. First production from the Trion find could be expected in mid-2020s at the earliest. By Erwin Seba HOUSTON, Oct 26 (Reuters) – Oil producers on Monday shut offshore production and pulled workers off platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened into a hurricane and took aim at the U.S. Gulf Coast. Previously, BHP sold its US shale operations to focus on conventional oil and gas in the US Gulf of Mexico and Australia. Future Mad Dog and Atlantis developments stand out. The Shenzi TLP is installed in about 4,300 ft (1,300 m) of water on Green Canyon block 653. BHP Group Ltd said on Tuesday it had signed an agreement to acquire Hess Corp's entire stake in Shenzi oil and gas field in the Gulf of Mexico for $505 million. A concise wrap of the day on the markets, breaking business news and expert opinion delivered to your inbox each afternoon. As a petroleum supplier, BHP has been closely studying the electrification of the global transport sector as the mega-trend raises big questions about future demand for its resources. The year’s second US gulf auction received 165 bids on 151 blocks from 27 firms, with high bids totaling $159.4 million, the US Bureau of Ocean Energy Management (BOEM) announced in New Orleans on 21 August. Bhp is ramping down operations at its Shenzi and Neptune oil platforms in the Gulf of Mexico ahead of back-to-back storms moving into the region, a spokeswoman said on Sunday. Offshore staff. NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its 28% working interest in the Shenzi Field in the deepwater Gulf … This follows sanction by BP, as the operator, of the Atlantis Phase 3 project, announced in January 2019. BHP Group’s future can do without hydrocarbons. In its Q1 2017 report, BHP Billiton says it was the apparent high bidder on two leases adjacent to the Scimitar prospect (GC260 and GC304) in the Central Gulf of Mexico Lease Sale 247. Swords In Fallout 4, Sleeping Fox Illustration, Best Rosé Wine 2020 Uk, Jones Snowboard Sale, Gis Map Maker, Pink Marigolds Gloves, One Movement For Instant Sciatica Pain Relief, " /> is ramping down operations at its Shenzi and Neptune oil platforms in the Gulf of Mexico ahead of back-to-back storms moving into the region, a spokeswoman said on Sunday. Trion is a deep-water oil field planned to be developed on the Mexican side of the Gulf of Mexico. bhp gulf of mexico. London — BHP has agreed an initial deal with Hess Corp. to buy an additional 28% in the Shenzi deepwater concession in the Gulf of Mexico, raising its upstream interest by 11,000 b/d of oil equivalent, the company said in a statement Oct. 6. In its Q1 2017 report, BHP Billiton says it was the apparent high bidder on two leases adjacent to the Scimitar prospect (GC260 and GC304) in the Central Gulf of Mexico Lease Sale 247. 280. BHP oil rig | Gulf of Mexico. CEO John Hess . Exxon Mobil Corp and Occidental Petroleum said they are closely monitoring Dorian, and their Gulf of Mexico operations were operating normally. The purchase price of the Shenzi field stake is $505m. BHP is currently the operator of the field with a 44% stake, while Hess and Respol are its partners. To support its Gulf of Mexico business, bp maintains a logistics base in Port Fourchon, Louisiana, along with a heliport in Houma, Louisiana. While BP has reached a final investment decision (FID) on Atlantis Phase 3, co-owner BHP is expected to make a final investment decision in early 2019. BHP is also extracting more barrels from Shenzi and has paved the way for longer-term growth through exploration ventures in Trinidad and offshore Mexico as well as in the US Gulf. Production is expected to begin in CY2022. The project includes a subsea tie back of eight new production wells and is expected to increase production by an estimated 38,000 gross barrels of oil equivalent per day at its peak. By Erwin Seba HOUSTON, Oct 26 (Reuters) – Oil producers on Monday shut offshore production and pulled workers off platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened into a hurricane and took aim at the U.S. Gulf Coast. BHP said its acquisition of the Hess Corporation's 28 per cent in the Shenzi field, which brings its stake to 72 per cent, was consistent with its strategy of targeting "counter-cyclical" acquisitions in high-quality producing assets. The Neptune Field is located in the Gulf of Mexico in Atwater blocks 573, 574, 575, 617, and 618, approximately 120 miles from the coast of Louisiana in water depths ranging from 4,200ft to 6,500ft. BHP oil rig | Gulf of Mexico. The BHP Board has approved BHP’s US$696 million (~AUD$973m) share in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. Business reporter for The Age and Sydney Morning Herald. On 13 February 2019, the BHP Board approved the development of the Atlantis Phase 3 project in the US Gulf of Mexico. "As the operator, we have more opportunity to grow Shenzi high-margin barrels and value with an increased working interest.". Offshore staff. Atlantis Phase 3 is located in the deepwater Gulf of Mexico, approximately 208 kilometres off the coast of Louisiana. Hess Corp. has completed the sale of its 28% working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP for $505 million. BHP Billiton Ltd. said Wednesday it had encountered oil in multiple horizons at the Caicos exploration well in the deepwater Gulf of Mexico. BHP has signed a Membership Interest Purchase and Sale Agreement with Hess to acquire an additional 28 per cent working interest in Shenzi, a six-lease development in the deepwater Gulf of Mexico.Shenzi is structured as a joint ownership: BHP (Operator, 44 per cent interest); Hess (28 per cent interest) and Repsol (28 per cent interest). Ms Slattery said. BP is the largest investor in the Deepwater Gulf of Mexico over the past 10 years. In February 2017, BHP Billiton announced a $2.2 billion investment in the new BP platform in the Gulf of Mexico. Gulf of Mexico. BHP Billiton in 2016 submitted a winning bid to acquire a 60 percent interest in blocks containing the Trion discovery located in the deep-water Gulf of Mexico offshore Mexico. We also own 25 per cent and 22 per cent, respectively, of the companies that own and operate the Caesar oil pipeline and the Cleopatra gas pipeline. One study projects that the overall impact of lost or degraded commercial, recreational, and mariculture fisheries in the Gulf could be $8.7 billion by 2020, with a potential loss of 22,000 jobs over the same time frame. The Gulf of Mexico commercial fishing industry was estimated to have lost $247 million as a result of postspill fisheries closures. BHP, formerly known as BHP Billiton, has approved $696 million in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. BHP is growing its oil portfolio in the Gulf of Mexico but looking to streamline in Australia.Credit:Rob Homer. BHP Billiton is the operator with a 60% participating interest, while the remaining 40% is held by Mexico’s state-owned oil company Petroleos Mexicanos (Pemex). BHP Group Ltd evacuated workers as it shut in production on the Neptune platform in the U.S.-regulated northern Gulf of Mexico, a company spokeswoman said. NEW YORK – Hess Corp. has entered into an agreement to sell its 28% working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP.. BHP has signed a Membership Interest Purchase and Sale Agreement with Hess to acquire an additional 28% working interest in Shenzi field. Hess Corp. (NYSE: HES) reported Friday that it has completed the sale of its 28-percent working interest in the Shenzi Field in the deepwater Gulf of Mexico (GOM) to operator BHP (NYSE: BHP). BHP raises its bet on oil with $700m acquisition in the Gulf of Mexico. Trion is an oil field under development on the Mexican side of the Gulf of Mexico. First production from the Trion find could be expected in mid-2020s at the earliest. By Erwin Seba HOUSTON, Oct 26 (Reuters) – Oil producers on Monday shut offshore production and pulled workers off platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened into a hurricane and took aim at the U.S. Gulf Coast. Previously, BHP sold its US shale operations to focus on conventional oil and gas in the US Gulf of Mexico and Australia. Future Mad Dog and Atlantis developments stand out. The Shenzi TLP is installed in about 4,300 ft (1,300 m) of water on Green Canyon block 653. BHP Group Ltd said on Tuesday it had signed an agreement to acquire Hess Corp's entire stake in Shenzi oil and gas field in the Gulf of Mexico for $505 million. A concise wrap of the day on the markets, breaking business news and expert opinion delivered to your inbox each afternoon. As a petroleum supplier, BHP has been closely studying the electrification of the global transport sector as the mega-trend raises big questions about future demand for its resources. The year’s second US gulf auction received 165 bids on 151 blocks from 27 firms, with high bids totaling $159.4 million, the US Bureau of Ocean Energy Management (BOEM) announced in New Orleans on 21 August. Bhp is ramping down operations at its Shenzi and Neptune oil platforms in the Gulf of Mexico ahead of back-to-back storms moving into the region, a spokeswoman said on Sunday. Offshore staff. NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its 28% working interest in the Shenzi Field in the deepwater Gulf … This follows sanction by BP, as the operator, of the Atlantis Phase 3 project, announced in January 2019. BHP Group’s future can do without hydrocarbons. In its Q1 2017 report, BHP Billiton says it was the apparent high bidder on two leases adjacent to the Scimitar prospect (GC260 and GC304) in the Central Gulf of Mexico Lease Sale 247. Swords In Fallout 4, Sleeping Fox Illustration, Best Rosé Wine 2020 Uk, Jones Snowboard Sale, Gis Map Maker, Pink Marigolds Gloves, One Movement For Instant Sciatica Pain Relief, " />

bhp gulf of mexico

bhp gulf of mexico

We operate two fields in the US waters of Gulf of Mexico – Shenzi (44 per cent interest) and Neptune (35 per cent interest). Shares in BHP rose 0.3 per cent on Tuesday to end the day trading at $36.28. These pipelines transport oil and gas from the Green Canyon area, where our US Gulf of Mexico fields are located, to connecting pipelines that transport product onshore. 18 Feb, 2019. The Mad Dog Phase 2 project is in response to the successful Mad Dog South appraisal well, which confirmed significant hydrocarbons in the southern portion of this field. "Even low-case forecasts are for the world to consume another trillion barrels of oil over the next 30 years," Mr Henry said earlier this year. Offshore staff. Atlantis Phase 3 is located in the deepwater Gulf of Mexico, approximately 130 miles (208 kilometers) off the coast of Louisiana. The Mexican operator estimates the gross recoverable resource to be 485 MMboe. Australia’s BHP Billiton and the recently acquired Anadarko Petroleum submitted the largest dollar totals of high bids in US Gulf of Mexico Lease Sale 253. BHP will evacuate non-essential workers from its Neptune and Shenzi production facilities on Saturday, a spokeswoman said. Shenzi is a six-lease development in the Gulf of Mexico. We hold non-operating interests in two other fields – Atlantis (44 per cent interest) and Mad Dog (23.9 per cent interest). Nov 6th, 2020. BHP is buying a 28% stake that brings in 11,000 barrels a day, meaning Shenzi’s output is now running around 40,000 barrels a … The deal, which BHP said would allow it to add about 11,000 barrels of oil equivalent a day to its portfolio, comes after global oil prices collapsed and remain subdued as pandemic-related travel restrictions slash demand for fuel. Oil and gas company Hess Corporation has signed an agreement to sell its 28% working interest (WI) in the Shenzi field in the deepwater Gulf of Mexico for a total consideration of $505m. Dec 1st, 2000. Oil and gas operations in the Gulf of Mexico account for 16%of U.S. crude oil output and about 4% of U.S. natural gas. Mr Henry has launched plans to boost BHP's exposure to the "future-facing" commodities nickel and copper, which are expected to greatly benefit from electrification due to their use as ingredients in electric batteries. The Trion field, located in the Perdido belt in the Mexican part of Gulf of Mexico, was discovered in 2012. Despite the difficult circumstances, Geraldine Slattery (President Petroleum) said the mutual support in the Gulf of Mexico was encouraging to see. Shenzi produced an average of 11,000 net boe/d in the first eight months of 2020. Recoverable reserves at the Neptune field are estimated to range between 100 and 150 million barrels of oil equivalent. BHP Billiton has entered into an agreement with Hess to acquire 28% stake in the Shenzi field in the Gulf of Mexico. BHP. BHP Billiton Ltd. said Wednesday it had encountered oil in multiple horizons at the Caicos exploration well in the deepwater Gulf of Mexico. gcaptain.com | 1d. In September, BHP will also spud the Scimitar exploration well in the Gulf of Mexico. Mad Dog Phase 2, located in the Green Canyon area in the deepwater Gulf of Mexico, is an extension of the existing Mad Dog field. BHP Billiton is the operator with a 60% participating interest, while the remaining 40% is held by Mexico’s state-owned oil company Petroleos Mexicanos (Pemex). "And that’s relative to 900 billion over the past 30 years.". BHP produces oil and gas predominantly in our heartland basins of the US Gulf of Mexico, Australia, Trinidad and Tobago. The field is operated by BHP Billiton with a 60% working interest. BHP has signed a Membership Interest Purchase and Sale Agreement with Hess to acquire an additional 28 per cent working interest in Shenzi, a six-lease development in the deepwater Gulf of Mexico.Shenzi is structured as a joint ownership: BHP (Operator, 44 per cent interest); Hess (28 per cent interest) and Repsol (28 per cent interest). BHP Billiton Chevron Corporation: Field history; Discovery: May 1998: Start of production: 2005: Production; Estimated oil in place: 450 million barrels (~6.1 × 10 ^ 7 t) Mad Dog Oil Field is an offshore oil field located along the Sigsbee Escarpment at Green Canyon blocks 825, 826 and 782, Western Atwater Foldbelt, Gulf of Mexico. BHP Petroleum set a new record for deep-water drilling in American waters with the drilling of a well on Walker Ridge 425. Recoverable reserves at the Neptune field are estimated to range between 100 and 150 million barrels of oil equivalent. BHP is growing its oil portfolio in the Gulf of Mexico but looking to streamline in Australia. Shenzi is a six-lease development in the Gulf of Mexico that started producing in 2009 with a nominal capacity of 100,000 barrels of oil a day and 50 million cubic feet of gas. BHP Petroleum, via its Mexico subsidiary, has contracted DORIS for the execution of engineer services for the SURF and export pipeline scopes of work of the Trion project in the Gulf of Mexico. To support its Gulf of Mexico business, bp maintains a logistics base in Port Fourchon, Louisiana, along with a heliport in Houma, Louisiana. BHP today announced that it has signed a Membership Interest Purchase and Sale Agreement with Hess Corporation (Hess) to acquire an additional 28 per cent working interest in Shenzi, a six-lease development in the deepwater Gulf of Mexico. Overview of BHP Billiton's oil & gas operations in the Gulf of Mexico. (Courtesy BHP) Offshore staff. Pepperdine University, The George L. Graziadio School of Business and Management. Oil Producers Shut-In as Hurricane Zeta Barrels Toward Gulf Coast. UK-Australian resources firm BHP plans to buy the 28pc stake of US independent Hess in the Shenzi oil and gas field in the US Gulf of Mexico for $505mn, which will lift its stake in … Bhp is ramping down operations at its Shenzi and Neptune oil platforms in the Gulf of Mexico ahead of back-to-back storms moving into the region, a spokeswoman said on Sunday. Trion is a deep-water oil field planned to be developed on the Mexican side of the Gulf of Mexico. bhp gulf of mexico. London — BHP has agreed an initial deal with Hess Corp. to buy an additional 28% in the Shenzi deepwater concession in the Gulf of Mexico, raising its upstream interest by 11,000 b/d of oil equivalent, the company said in a statement Oct. 6. In its Q1 2017 report, BHP Billiton says it was the apparent high bidder on two leases adjacent to the Scimitar prospect (GC260 and GC304) in the Central Gulf of Mexico Lease Sale 247. 280. BHP oil rig | Gulf of Mexico. CEO John Hess . Exxon Mobil Corp and Occidental Petroleum said they are closely monitoring Dorian, and their Gulf of Mexico operations were operating normally. The purchase price of the Shenzi field stake is $505m. BHP is currently the operator of the field with a 44% stake, while Hess and Respol are its partners. To support its Gulf of Mexico business, bp maintains a logistics base in Port Fourchon, Louisiana, along with a heliport in Houma, Louisiana. While BP has reached a final investment decision (FID) on Atlantis Phase 3, co-owner BHP is expected to make a final investment decision in early 2019. BHP is also extracting more barrels from Shenzi and has paved the way for longer-term growth through exploration ventures in Trinidad and offshore Mexico as well as in the US Gulf. Production is expected to begin in CY2022. The project includes a subsea tie back of eight new production wells and is expected to increase production by an estimated 38,000 gross barrels of oil equivalent per day at its peak. By Erwin Seba HOUSTON, Oct 26 (Reuters) – Oil producers on Monday shut offshore production and pulled workers off platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened into a hurricane and took aim at the U.S. Gulf Coast. BHP said its acquisition of the Hess Corporation's 28 per cent in the Shenzi field, which brings its stake to 72 per cent, was consistent with its strategy of targeting "counter-cyclical" acquisitions in high-quality producing assets. The Neptune Field is located in the Gulf of Mexico in Atwater blocks 573, 574, 575, 617, and 618, approximately 120 miles from the coast of Louisiana in water depths ranging from 4,200ft to 6,500ft. BHP oil rig | Gulf of Mexico. The BHP Board has approved BHP’s US$696 million (~AUD$973m) share in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. Business reporter for The Age and Sydney Morning Herald. On 13 February 2019, the BHP Board approved the development of the Atlantis Phase 3 project in the US Gulf of Mexico. "As the operator, we have more opportunity to grow Shenzi high-margin barrels and value with an increased working interest.". Offshore staff. Atlantis Phase 3 is located in the deepwater Gulf of Mexico, approximately 208 kilometres off the coast of Louisiana. Hess Corp. has completed the sale of its 28% working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP for $505 million. BHP Billiton Ltd. said Wednesday it had encountered oil in multiple horizons at the Caicos exploration well in the deepwater Gulf of Mexico. BHP has signed a Membership Interest Purchase and Sale Agreement with Hess to acquire an additional 28 per cent working interest in Shenzi, a six-lease development in the deepwater Gulf of Mexico.Shenzi is structured as a joint ownership: BHP (Operator, 44 per cent interest); Hess (28 per cent interest) and Repsol (28 per cent interest). Ms Slattery said. BP is the largest investor in the Deepwater Gulf of Mexico over the past 10 years. In February 2017, BHP Billiton announced a $2.2 billion investment in the new BP platform in the Gulf of Mexico. Gulf of Mexico. BHP Billiton in 2016 submitted a winning bid to acquire a 60 percent interest in blocks containing the Trion discovery located in the deep-water Gulf of Mexico offshore Mexico. We also own 25 per cent and 22 per cent, respectively, of the companies that own and operate the Caesar oil pipeline and the Cleopatra gas pipeline. One study projects that the overall impact of lost or degraded commercial, recreational, and mariculture fisheries in the Gulf could be $8.7 billion by 2020, with a potential loss of 22,000 jobs over the same time frame. The Gulf of Mexico commercial fishing industry was estimated to have lost $247 million as a result of postspill fisheries closures. BHP, formerly known as BHP Billiton, has approved $696 million in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. BHP is growing its oil portfolio in the Gulf of Mexico but looking to streamline in Australia.Credit:Rob Homer. BHP Billiton is the operator with a 60% participating interest, while the remaining 40% is held by Mexico’s state-owned oil company Petroleos Mexicanos (Pemex). BHP Group Ltd evacuated workers as it shut in production on the Neptune platform in the U.S.-regulated northern Gulf of Mexico, a company spokeswoman said. NEW YORK – Hess Corp. has entered into an agreement to sell its 28% working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP.. BHP has signed a Membership Interest Purchase and Sale Agreement with Hess to acquire an additional 28% working interest in Shenzi field. Hess Corp. (NYSE: HES) reported Friday that it has completed the sale of its 28-percent working interest in the Shenzi Field in the deepwater Gulf of Mexico (GOM) to operator BHP (NYSE: BHP). BHP raises its bet on oil with $700m acquisition in the Gulf of Mexico. Trion is an oil field under development on the Mexican side of the Gulf of Mexico. First production from the Trion find could be expected in mid-2020s at the earliest. By Erwin Seba HOUSTON, Oct 26 (Reuters) – Oil producers on Monday shut offshore production and pulled workers off platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened into a hurricane and took aim at the U.S. Gulf Coast. Previously, BHP sold its US shale operations to focus on conventional oil and gas in the US Gulf of Mexico and Australia. Future Mad Dog and Atlantis developments stand out. The Shenzi TLP is installed in about 4,300 ft (1,300 m) of water on Green Canyon block 653. BHP Group Ltd said on Tuesday it had signed an agreement to acquire Hess Corp's entire stake in Shenzi oil and gas field in the Gulf of Mexico for $505 million. A concise wrap of the day on the markets, breaking business news and expert opinion delivered to your inbox each afternoon. As a petroleum supplier, BHP has been closely studying the electrification of the global transport sector as the mega-trend raises big questions about future demand for its resources. The year’s second US gulf auction received 165 bids on 151 blocks from 27 firms, with high bids totaling $159.4 million, the US Bureau of Ocean Energy Management (BOEM) announced in New Orleans on 21 August. Bhp is ramping down operations at its Shenzi and Neptune oil platforms in the Gulf of Mexico ahead of back-to-back storms moving into the region, a spokeswoman said on Sunday. Offshore staff. NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its 28% working interest in the Shenzi Field in the deepwater Gulf … This follows sanction by BP, as the operator, of the Atlantis Phase 3 project, announced in January 2019. BHP Group’s future can do without hydrocarbons. In its Q1 2017 report, BHP Billiton says it was the apparent high bidder on two leases adjacent to the Scimitar prospect (GC260 and GC304) in the Central Gulf of Mexico Lease Sale 247.

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