MARKETS

BHP's $1B Mexican move

BHP Billiton has formally executed the contracts with Mexico's Pemex to underpin the development of the significant Trion discovery in Mexican waters, its first move south of the border.

 Mexican energy minister Pedro Joaquín Coldwell, Enrique Peña Nieto, Andrew Mackenzie and Pemex CEO José Antonio González Anaya.

Mexican energy minister Pedro Joaquín Coldwell, Enrique Peña Nieto, Andrew Mackenzie and Pemex CEO José Antonio González Anaya.

    Last December BHP successfully bid for the rights to Trion, which is expected to be one of the ten largest fields discovered in the Gulf of Mexico in the last decade.   The agreement includes...

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