EXPLORATION

BHP hits Gulf oil

BHP Billiton has made a new oil discovery with multiple horizons in the Caicos-1 well, drilled to almost 9400m in the deepwater Gulf of Mexico, as the company pins its hopes for growth on a faster recovery for petroleum than its mineral assets.

BHP president of petroleum operations Steve Pastor said at an investor briefing in London yesterday he expected the oil price to recover quickly thanks to market fundamentals. "Over the next decade,...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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