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
- ADNOC Gas awards $2.1 B in contracts to enhance LNG supply infrastructure
- U.S. Department of the Treasury releases final rules for clean hydrogen production tax credit
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Indonesia regulator confirms disruption at bp's Tangguh LNG project
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
Comments