BHP Billiton announced that Marius Klopper will retire as chief executive and director, after six years at the helm. Klopper will be replaced by the company’s chief executive of its non-ferrous metals division, Andrew Mackenzie.
The State Oceanic Administration of China said in a statement that conditions at the Penglai 19-3 oilfield had returned to normal after a series of rectification measures. It says ConocoPhillips can gradually resume production there.
The North Slope’s three major players — Exxon Mobil, BP and ConocoPhillips — and TransCanada said they were looking at a 42-inch diameter pipeline that would carry up to 3½ billion cubic feet of gas a day and would have five off-takes along the route.
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