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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.
The Apache-operated Varanus Island Gas hub is located in western Australia (Apache Corp.)

Apache Corp. is exiting Australia with a $2.1 billion asset sale

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The assets produced the equivalent of about 49,000 barrels of oil a day in March.
(Paul O'Driscoll/Bloomberg News)

Shell sets $70 billion deal to buy BG Group

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Shell said that bringing the two companies together would produce financial gains of about $2.5 billion a year.
(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.
An LNG tanker (Tomohiro Ohsumi/Bloomberg)

Goldman sees LNG as biggest commodity after crude this year

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The U.S. will supply more LNG in the next several years, giving Asia, the biggest consuming region, more bargaining power, the analysts said.
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
(AP Photo/Dado Galdieri, File)

Global oil layoffs exceed 100,000

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While much of the focus on layoffs has centered on the U.S., where the shale fields that created the glut have seen the steepest cutbacks, workers in oil-related businesses across the globe are suffering, too
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.
An LNG tanker (Tomohiro Ohsumi/Bloomberg)

EPA raises environmental concerns about Corpus Christi LNG

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The Environmental Protection Agency said it still has concerns about the impacts Corpus Christi LNG will have on minority neighborhoods and greenhouse gas emissions.
Vladimir Putin, Russia's president. (Andrey Rudakov/Bloomberg)

Putin says Russia preparing for “catastrophic” oil slump

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Russia is struggling under the weight of a plummeting ruble and sanctions imposed over the conflict in Ukraine.