BHP finds more oil at Shenzi well
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BHP Billiton&#39;s second appraisal well at its Shenzi discovery in the Gulf of Mexico has also struck oil, greatly increasing prospects for commercial development of the deep water field.
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Mining giant BHP Billiton has completed a bigger-than-expected A$2.27 billion (950 million pound) share buyback, driving up its stock price as investors reinvest profits from the tax-efficient deal.
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Total Mineral Resources at WMC Resources Ltd&#39;s Olympic Dam mine in South Australia have increased by 29.2% as a result of recent drilling and an improved long-term uranium price outlook.
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The Venezuelan leader wants to export more oil to China
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LEAL, Sudan -- On this parched and dusty African plain, China's largest energy company is pumping crude oil, sending it 1,000 miles upcountry through a Chinese-made pipeline to the Red Sea, where tankers wait to ferry it to China's industrial cities. Chinese laborers based in a camp of prefabricated sheds work the wells and lay highways across the flats to ...
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The big Chinese oil companies turn in boffo earnings and want to crank the pumps up even more.
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British energy giant BP has said that it expects to resume full production by the end of October of 400,000 barrels of oil a day from Prudhoe Bay, the biggest US oil field.
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The Australian stock market continued on its bullish performance by noon today, extending recent record highs with BHP Billiton in the vanguard.
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BHP Billiton is set to reveal much higher-than-expected gold reserves at an Australian site, a report says.
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BHP Billiton plans an aggressive $US1.5-2 billion ($2.1-2.8 billion) near-doubling of its coking coal production over the next five years to meet the China-inspired surge in demand for carbon steel-making materials through mine expansions and developments
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China Petroleum &amp; Chemical Corp., Asia&#39;s largest oil refiner, offered HK$3.8 billion ($492 million) to buy shares of Sinopec Beijing Yanhua Petrochemical Co.
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Royal Dutch/Shell Group unveiled another, bigger-than-expected, cut in oil reserves on Thursday but tempered the news by announcing record profits and plans for higher dividends and share buybacks.
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BP, the worldâs second-biggest oil company, said production over the third quarter would be about 3.88 million barrels a day. That was an 11 per cent rise on the same period the year before and was helped
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Like the big oil companies, the world&#39;s mining majors are experiencing an embarrassment of riches due to very high commodity prices. BHP Billiton is in the happiest position: it is both the world&#39;s biggest miner and has a substantial oil production ...
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Mining giant BHP Billiton today unveiled record full-year results after commodity prices soared on the back of surging demand in China.
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SYDNEY: BHP Billiton sees continuing strong demand for its products despite China&#39;s attempts to slow economic growth, putting it in a strong position to increase earnings after a record US$3.51bil net profit for the June year, up from the previous year&#39;s ...
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By Christopher Hope, Business Correspondent (Filed: 23/09/2004). Shell pledged yesterday to spend more cash on finding oil and gas over the next three years as the world&#39;s third largest oil company admitted