BHP Billiton

Woodside and BHP make final investment decision on $12 billion offshore development and additional LNG train in Australia. The approval on Monday came at the same time the operators signed an agreement to merge BHP’s petroleum unit into Woodside, originally announced in August.

The Broadside exploration well in Block TTDAA 3 within BHP’s Southern Deepwater Acreage was drilled in September.

Hess Corp. sold its stake in the Shenzi development to BHP for $505 million to help pay its share of the cost of developing discoveries offshore Guyana.

With oil prices still low, Hess decided to sell a stake in one offshore project to help pay to develop a much larger one.

McDermott was selected previously for a study of the FPU. Completion of the Trion project is expected in Q3.

As the operator seeks to raise $15 billion from asset sales through 2021, it sees a viable opportunity in its Gippsland Basin upstream portfolio, which could fetch up to $3 billion in a sale. Wood Mackenzie anticipates strong interest, but the age of the field may prove problematic.

Australia’s BHP Billiton and the recently acquired Anadarko Petroleum submitted the largest dollar totals of high bids in US Gulf of Mexico Lease Sale 253.

BHP announced a 5-year, $400-million Climate Investment Program to develop technologies to reduce emissions from its operations as well as those generated from the use of its resources.

Decommissioning and abandonment comes with its share of unexpected surprises, but many of those surprises could be avoided merely through better planning and care.

The next big wave of decommissioning and abandonment projects is set to occur in the Asia-Pacific region, and APAC’s operators are now tasked with finding cost- and time-effective ways of unwinding their huge agglomeration of wells and facilities.