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BHP Billiton

(AP Photo/Xinhua, Jin Liangkuai)

China offshore giant to cut oil output for first time since 1999

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Total spending last year missed the company’s original target, highlighting how producers have struggled with oil’s plunge to a 12-year low.
A worker uses a headset and microphone to communicate with coworkers over the din of pump trucks, at the site of a natural gas hydraulic fracturing and extraction operation run by the Encana Oil & Gas (USA) Inc., outside Rifle, in western Colorado. (AP Photo/Brennan Linsley)

Report: Most oil companies score low on fracking disclosures

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The annual scorecard grades 30 oil and gas companies for disclosures on five criteria: toxic chemicals, water and waste management, air emissions, community impacts, and management accountability.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP CEO Mackenzie sees pay cut nearly in half after commodities collapse

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Supply gluts and forecasts for the slowest growth since 1990 in China have sent the price of raw materials plunging.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP Billiton CEO makes plea for oil exports

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Ending the oil export ban makes good economic sense, BHP Billiton CEO Andrew Mackenzie told business leaders in Washington. But it also would “show the world that the U.S. remains committed to economic freedom and the promotion of global growth.”
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