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Although CB&I operates worldwide, more than 70 percent of its engineering and construction revenues in 2016 will come in the U.S., the company announced Tuesday during an investor day in New York.
The U.S. company is preparing to begin shipments from its $54 billion Gorgon project off northwest Australia.
‘”The dramatic fall in prices has led to the disappointing writedown,” Chief Executive Officer Andrew Mackenzie said.
Oil Search tumbled 16 percent at the close in Sydney, the most in seven years, while Woodside slumped to the lowest in a decade.
Aubrey McClendon’s company American Energy Partners has struck four separate deals to buy 55 million acres in the McArthur Basin in Australia’s Northern Territory and is working to secure another 10 million acres there, according to an internal company memo obtained by Fuelfix.
Once again, the API has put the cat among the pigeons ahead of the weekly EIA inventory report. Prices had already spent yesterday getting stomped on all day, before the API released its report, revealing a surprise 7.6 million barrel build versus the expectation for a minor 0.8 mb draw. This was the largest build […]
McClendon co-founded Chesapeake in 1989 and built it into a U.S. gas titan before his ouster in a 2013 investor revolt.
BHP’s announcement comes at a time when U.S. shale is suffering because of low prices for natural gas and oil, the latter of which is hovering near $52 a barrel.
Cal Dive International, a Houston firm that filed for chapter 11 bankruptcy protection in March, says in court papers it has found a buyer for its Australian unit.
BHP Billiton Ltd. will pay $25 million to settle U.S. Securities and Exchange Commission claims that it violated the Foreign Corrupt Practices Act when it sponsored the attendance of foreign government officials at the 2008 Summer Olympic Games in Beijing.