GULF OF

BHP’s $1.3bn to lift US oil projects

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Original article by Paul Garvey
The Australian – Page: 20 : 14-Feb-19

Production at the Atlantis oil field in the Gulf of Mexico will increase by about 38,000 barrels of oil equivalent a day following BHP’s decision to invest $US696m ($976.3m) in the third stage of the project. BHP will also spend $US256m on drilling an additional appraisal well at its Trion project off the coast of Mexico. The capital investment is part of BHP’s strategy to increase its conventional oil and gas output.

CORPORATES
BHP GROUP LIMITED – ASX BHP, BP PLC

BHP may lift US oil investment

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Original article by Perry Williams
The Australian – Page: 15 : 10-Jan-19

BHP is tipped to make a final investment decision on an expansion of the Atlantis oil field in the Gulf of Mexico within months. BHP has a 44 per cent stake in the oil field, and speculation that it will proceed with the expansion has been heightened after joint venture partner BP approved the third stage of the project. BP is now the biggest producer of oil in the Gulf of Mexico, with output of 300,000 barrels per day.

CORPORATES
BHP GROUP LIMITED – ASX BHP, BP PLC, PEMEX PETROLEOS MEXICANOS

BHP heads offshore for petroleum growth

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Original article by Matt Chambers
The Australian – Page: 19 : 8-Mar-18

Steve Pastor, the head of BHP Billiton’s petroleum division, is upbeat about the potential of oil fields in the Gulf of Mexico, including the Trion project and the Wildling discovery. BHP will drill another appraisal well at Trion by the end of 2018, followed by two more in 2019. Pastor also says BHP will participate in the Mexican Government’s next auction of exploration permits in the gulf. He adds that there has been strong interest in BHP’s US shale assets, and the company could potentially swap some onshore shale acreage for offshore conventional oil assets.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, PEMEX PETROLEOS MEXICANOS

BHP tops big oil in Mexico

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Original article by Peter Ker
The Australian Financial Review – Page: 1 & 6 : 7-Dec-16

BHP Billiton has acquired a 60 per cent stake in the Trion oil field in the Gulf of Mexico, following a highly-contested auction process. BHP will initially pay $US62.4m for the stake, while the deal also requires it to spend at least $US320m ($A429m) on an appraisal program. Mexico’s state-owned Pemex, which will have a 40 per cent stake in Trion, estimates that the oil field could contain about 485 million barrels of oil equivalent. BP also submitted a bid to acquire the Trion stake.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, PEMEX PETROLEOS MEXICANOS, BP PLC, COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT, MACQUARIE GROUP LIMITED – ASX MQG, RIO TINTO LIMITED – ASX RIO, NEWCREST MINING LIMITED – ASX NCM, OZ MINERALS LIMITED – ASX OZL, MEXICO. MINISTRY OF ENERGY

Seven loses Mermaid challenge

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Original article by Andrew Burrell
The Australian – Page: 22 : 2-Jul-14

Federal Court judge Lindsay Foster has rejected an appeal against an Australian Communications & Media Authority (ACMA) ruling, sought by Seven West Media. ACMA had sided with offshore services provider Mermaid Marine, after that firm lodged a complaint about Seven Network. The free-to-air TV group’s "Sunday Night" had accused the captain of a Mermaid vessel of "murder and cowardice", when he decided conditions were too severe to come to the aid of another ship in the Gulf of Mexico

CORPORATES
MERMAID MARINE AUSTRALIA LIMITED – ASX MRM, SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, TRINITY LIFTBOAT SERVICES LLC, FEDERAL COURT OF AUSTRALIA, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, GEOKINETICS INCORPORATED, UNITED STATES. NATIONAL TRANSPORTATION SAFETY BOARD