OPERATIONS

BHP commits A$1 billion to GOM oil projects

BHP announced large oil spending commitments on Friday, going ahead with the US$544 million Shenzi North oil project in the Gulf of Mexico and approving its Trion project to move into FEED, at a cost of $258 million.

Mark Tilly and Helen Clark

Oil is still an earner with Shenzi North payback tipped for two years

Oil is still an earner with Shenzi North payback tipped for two years

It took a larger slice of the former for $505 million, buying Hess' 28% stake in October to take its interest to 72%. Spain's Repsol holds the rest. The company said this morning the price tag represents...

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