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BHP Billiton

An aerial view of the Ensco 8502 drilling rig in the Gulf of Mexico. (Jennifer Dlouhy/Houston Chronicle)

Low oil prices drive down bidding for Gulf of Mexico drilling rights

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With just five companies participating and only 33 leases sold, the turnout was the lowest western Gulf auction since area-wide leasing began in 1983, according to the Bureau of Ocean Energy Management.
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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.
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.
ConocoPhillips operations in the Eagle Ford Shale in South Texas.

As costs fall, companies may start completing wells again

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Oil companies keeping thousands of barrels of crude off the market by drilling but not completing wells may soon start flooding the market again.
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
An LNG tanker (Tomohiro Ohsumi/Bloomberg)

Why Texas is now home to bargain-hunting Japan oil buyers

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Their move into Houston illustrates the challenge for OPEC as the highest American output in more than three decades lures the group’s traditional customers and benchmark prices tumble.
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.
A tanker sails in the morning sun. (Louis Vest, Getty Images)

BHP Billiton to export condensate overseas

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BHP Billiton is preparing to export a processed, ultra-light oil overseas without the government’s explicit authorization — a move likely to be mimicked by other energy companies eager to sell crude to foreign buyers.
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.