BHP to put its Australian Bass Strait oil and gas assets up for sale
8/18/2020
BHP Group said it plans to sell its Australian Bass Strait oil and gas stake as it seeks to focus on its higher value petroleum assets.
The Bass Strait joint venture is co-owned and operated by Exxon Mobil Corp, which has also put its 50% stake up for sale, which analysts have estimated could fetch up to $3 billion.
“We continue to optimise our petroleum portfolio through the exit of later life assets, including an intended exit from Bass Strait,” the company said in its annual results statement. (Reporting by Sonali Paul; Editing by Muralikumar Anantharaman)
Sign up to Receive Our Newsletter
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Cook Inlet LNG advances FSRU project in Alaska (U.S.)
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
Comments