BHP News

BHP Kallanish Energy / Oct 7, 2020

Anglo-Australian multinational mining, metals and petroleum firm, BHP, is to acquire a 28% stake in the Shenzi oil and gas field from Hess Corporation, Kallanish Energy reports. The deal between BHP and U.S.-based independent energy company Hess has a purchase price of $505 million and is expected to close by December 2020, subject to regulatory approval.

BHP Yahoo Finance / Oct 7, 2020

BHP Group BHP recently announced the signing of an agreement with Hess Corporation to acquire the latter's 28% interest in Shenzi oil and gas field located in the Gulf of Mexico for $505 million. This move is in sync with the company's plans to augment its petroleum portfolio through targeted acquisitions in high-quality deepwater assets and the continued de-risking of growth options.

BHP The Guardian / Oct 7, 2020

Australia's largest miner, BHP, has suspended its membership of the Queensland Resources Council over state election advertisements urging people to "vote the Greens last". In a statement, BHP said it objected to advertising that "specifically targets the overall standing of one political party" and had formally asked for the QRC ads to be withdrawn.

BHP The Australian Financial Review / Oct 7, 2020

The plan to automate Rio's iron ore railways was first launched in 2006, but became a victim of the global financial crisis. It was relaunched in February 2012 when Rio vowed to have the technology operating by 2015 at a cost of $US518 million, only for cost and schedule blowouts to increase that price tag to $US980 million.

BHP Mining Technology / Oct 7, 2020

Mining major BHP has adopted Microsoft's HoloLens 2 technology to give remote employees the ability to instruct on-site workers at the South Flank iron ore operation in the Pilbara region of Western Australia (WA). Workplace restrictions put in place to keep public safe from Covid-19 mean that BHP hasn't been able to fly people to and from its mine sites.

BHP Motley Fool Australia / Oct 7, 2020

The BHP Group Ltd (ASX: BHP) share price is out of form on Wednesday and dropping lower. At the time of writing, the mining giant's shares are down 2% to $35.52. If you're interested in adding some diversification to your portfolio by investing in the resources sector, then I think you ought to consider this share price decline as a buying opportunity.

BHP marketscreener.com / Oct 7, 2020

HOUSTON, Oct 7 (Reuters) - Oil and gas workers withdrew en masse from U.S. offshore production facilities and onshore refineries began preparations on Wednesday as Hurricane Delta was forecast to grow into a powerful storm over the Caribbean on its way to the Gulf of Mexico.