BHP Petroleum and Woodside Petroleum have consolidated their oil and gas portfolios in a merger that’s set to create one of the largest independent energy companies globally.
Santos and Oil Search have confirmed they will merge to create a $21 billion entity that will sustain both companies in the wake of a low carbon future.
BHP and Woodside Petroleum will combine their respective oil and gas portfolios with an all-stock merger in a move expected to create a global top 10 independent energy company in terms of production. Read more
BHP has committed $US544 million ($736.5 million) in capital for the Shenzi North oil project in the US Gulf of Mexico.