BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP Billiton to pay $25 million to settle SEC’s FCPA allegations

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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.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP lowers priority of Australian LNG project with Exxon

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A plunge in oil has forced companies from Royal Dutch Shell Plc to Chevron Corp. to cut or delay spending on projects that supply super-cooled gas linked to the price of crude.
(David Paul Morris/Bloomberg)

Chevron seeks over $3.6 billion for Caltex Australia stake

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The deal is the largest block trade ever in Australia, exceeding Royal Dutch Shell Plc’s sale of Woodside Petroleum Ltd. shares in 2010 for about A$3.3 billion.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP Billiton’s profits have fallen by almost half

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BHP Billiton, the Australian energy giant with a major presence in Texas, reported that its profits were down 47 percent
The Apache-operated Varanus Island Gas hub is located in western Australia (Apache Corp.)

Apache will sell LNG stakes in Australia, Canada for $2.75 billon

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Apache Corp. will sell its stakes in liquefied natural gas projects in Australia and Canada for $2.75 billion, marking one of its most significant steps yet toward paring back its portfolio to focus on North American activity.
Delegates to the 2013 Winter NAPE Expo visit the booth from Australia in the International Pavilion. (Brett Coomer / Houston Chronicle)

Former Petrohawk president takes shale expertise to Australia

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Australia has the world’s seventh-largest shale gas resources.
BHP Billiton's Shenzi tension leg platform is positioned about 120 miles off the Lousiana coast, handling production from several deep-water fields (Photo: BHP)

BHP Billiton, Pemex sign agreement to share deepwater knowledge

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Australian oil and mining giant BHP Billiton and Pemex, Mexico’s national oil company, have signed a deal to share knowledge of deepwater operations, BHP Billiton announced.
BHP Billiton CEO Andrew Mackenzie speaks at the IHS CERAWeek energy conference in Houston on March 4. (Mayra Beltran/Houston Chronicle)

BHP Billiton to cut petroleum capital spending by $279 million

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BHP Billiton, the Australian mining and oil giant, will cut capital spending in its petroleum division by $279 million in 2015, the company announced in its annual report Thursday.
Global Managing Director of Accenture's new energy business Melissa Stark poses for a portrait on Thursday, Sept. 4, 2014, in Houston. ( J. Patric Schneider / For the Chronicle )

Q&A: Accenture’s shale expert Melissa Stark on unconventional plays worldwide

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Melissa Stark, managing director of Accenture’s New Energy Business, is the consulting firm’s expert on shale development. The firm recently published an update on the outlook for unconventional plays in nine countries. Stark, who’s worked in the United Kingdom for 20 years, spoke with the Chronicle recently about what’s on the horizon for shale and tight oil and gas worldwide.
Saudi Arabia's South Ghawar Basin has major unconventional gas reserves and the infrastructure to handle gas transportation (flickr/saudi_waltercallens).

Nine countries that could hold the next Eagle Ford

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The U.S. economy has enjoyed an energy renaissance thanks to technology like fracking and horizontal drilling that unlocked previously inaccessible geological formations. Some of that same technology is now poised to be used around the world.