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BHP Billiton

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. BHP Billiton, the world’s biggest mining company. (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. Photographer: 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.
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.
An Exterran Partners midstream compressor. (Exterran)

Exterran to buy compressor units from Chesapeake for $135M

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Exterran Partners plans to spend $135 million to buy another round of Chesapeake Energy’s midstream compression units, equipment used to push freshly extracted natural gas into pipelines.
BHP Billiton CEO Andrew Mackenzie speaks at the IHS CERAWeek energy conference in Houston on March 4. (Mayra Beltran/Houston Chronicle)

BHP Billiton touts Texas success

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Historically, BHP Billiton’s liquids production has been offshore, but it says it’s new activities in U.S. shale are poised to make big gains for the Australian company.
BHP Billiton CEO Andrew Mackenzie speaks at the IHS CERAWeek energy conference in Houston on March 4. (Mayra Beltran/Houston Chronicle)

Energy CEO: Climate change is real, driven by humans

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BHP Billiton CEO Andrew Maxkenzie, who leads the world’s largest mining company, said that climate change is real and driven by human activity during remarks Tuesday at the annual CERAWeek conference in Houston.