NORTH AMERICA

BHP trounces BP for Trion

MEXICO has announced the results of its first auction of deepwater blocks in its part of the prolific Gulf of Mexico, with Australia’s BHP Billiton beating BP to secure a farm-in deal over the giant undeveloped Trion discovery.

Haydn Black

BHP said this morning that it had won a 60% interest in blocks AE-0092 and AE-0093 by securing an agreement with Pemex, which will now complete its first ever farm-out. BHP won out over BP, which...

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