BHP Billiton expects to recognise an impairment charge of approximately US$2 billion post-tax (or approximately US$2.8 billion pre-tax) against the carrying value of its Onshore US assets as an exceptional item in the 2015 financial year results. The gas focused Hawkville field accounts for the substantial majority of this charge reflecting its geological complexity, product …
Dun & Bradstreet Inc., a major data Analysis firm in US, has announced the sale of its Australia and New Zealand business to Archer Caoital to setup a new data solutions. The Business would be sold for around $170.5 million. View the full release here.
Chevron Corp. and Inpex Corp. face in the start of drilling for their Australia project. The project is expected ti start on Mid-2017, which will provide super cool natural gas for shipment to Asia. View the full release here.
Australia’s latest liquefied natural gas (LNG) export project is starting this summer at Gladstone. The Company is ready to deliver 6 months advance stock to is potential buyers. The project is a Joint Venture between ConocoPhillips, Australia Pacific LNG, Orion Energy Limited and China’s Sinopec. View the full release here.
U.S. energy firm Chevron is trying to sale its Caltex Australia Stake for $3.6 Billion. Chevron is offering 135 million shares in Caltex at a floor price of A$34.20 each, a 9.7 percent discount to Friday’s close. View the full release here.