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BHP Billiton makes $2.8 billion writedown in Texas shale

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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.
A diver explores former offshore oil equipment  that has been turned into an artificial reef in the Gulf of Mexico under the states "rigs to reefs" program. (Texas Parks and Wildlife Department)

Cal Dive asks court for speedy auction after $17m asset bid

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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 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.