Focused BHP Looks at Selling UK Oil and Gas

From The Australian

By Robb M. Stewart

The Anglo-Australian company had launched a strategic review of the business and was exploring options, including the possible sale of the assets, a spokeswoman said yesterday.

However, she said the process was at a very early stage and no decision to sell had been made.

BHP operates Liverpool Bay, which has five producing offshore gas and oil fields in the Irish Sea, the Point of Ayr onshore processing plant in north Wales, and associated infrastructure.

It owns a 46.1 per cent stake in the operation, while ENI owns the rest.

The company also holds a 16 per cent non-operating interest in the Bruce oil and gas field in the North Sea and operates the Keith field in which it has a 31.83 per cent stake.

Earlier this month, BHP agreed to sell a minority interest in the planned Browse gas-export project off Western Australia to PetroChina for $US1.63 billion ($1.55bn) in cash.

In recent months it has also signed a deal to sell its diamonds business in northern Canada to Harry Winston Diamond Corp for $US500 million, completed the sale of a 37 per cent stake in a South African minerals sands business to partner Rio Tinto for $US1.7bn and said it would sell an undeveloped uranium deposit in Australia to Cameco for $US430m.

Click here to read more

Add Comment

By posting your comment, you agree to abide by our Posting rules


Comments (19)

  • my response July 12, 2013 at 11:41 pm

    Oh….now I would like someone to make lines from that sketch right into a full gif parade concerning the Romney campaign.

  • excellent web design July 13, 2013 at 12:55 pm

    whoah this blog is magnificent i really like studying your posts. Stay up the great work! You already know, a lot of people are looking around for this information, you can aid them greatly.

  • DIM July 13, 2013 at 11:22 pm

    I am tellin’ ya Amy even when you are positive you just are unable to win. Exact same six individuals. I enjoyed this informative article and concur that unless you happen to be retired, it may be tough with present-day stresses for getting sufficient deck time.

  • fitness juicing muscle July 15, 2013 at 12:26 am

    Somebody necessarily assist to make seriously posts I’d state. That is the very first time I frequented your website page and thus far? I surprised with the analysis you made to make this particular put up extraordinary. Excellent job!

  • security interior design July 16, 2013 at 9:33 am

    I like the helpful information you provide in your articles. I’ll bookmark your blog and check again here frequently. I’m quite certain I’ll learn many new stuff right here! Best of luck for the next!

  • Summer Dresses July 18, 2013 at 12:03 am

    I have fun with, cause I found just what I used to be having a look for. You have ended my four day long hunt! God Bless you man. Have a great day. Bye

  • international trave July 18, 2013 at 8:51 pm

    It is appropriate time to make some plans for the future and it’s time to be happy. I have read this post and if I could I desire to suggest you few interesting things or suggestions. Perhaps you could write next articles referring to this article. I want to read even more things about it!

  • Healthy Snack Recipes July 19, 2013 at 8:08 am

    wonderful publish, very informative. I wonder why the other experts of this sector don’t realize this. You should continue your writing. I am confident, you’ve a huge readers’ base already!

  • technology news July 19, 2013 at 9:34 am

    This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your web site in my social networks!

  • Heart Failure July 19, 2013 at 11:11 pm

    My husband and i felt so fulfilled when Edward could carry out his investigations through the ideas he grabbed from your very own site. It’s not at all simplistic to simply be giving out information and facts that some people could have been trying to sell. And we also know we have you to appreciate for this. The specific illustrations you made, the simple website menu, the friendships you give support to engender – it is all extraordinary, and it’s helping our son in addition to the family know that that article is excellent, and that’s seriously pressing. Thanks for the whole lot!

  • Personal Loans July 20, 2013 at 11:46 am

    I would like to thnkx for the efforts you’ve put in writing this blog. I’m hoping the same high-grade website post from you in the upcoming as well. In fact your creative writing skills has encouraged me to get my own website now. Really the blogging is spreading its wings fast. Your write up is a good example of it.

  • Free Music July 22, 2013 at 12:50 am

    Normally I do not read post on blogs, however I would like to say that this write-up very pressured me to take a look at and do so! Your writing style has been amazed me. Thanks, very nice post.

  • Healthy Lifestyle July 23, 2013 at 10:55 am

    I¡¦ve recently started a web site, the information you offer on this web site has helped me greatly. Thanks for all of your time & work.

  • computer hardware July 23, 2013 at 7:05 pm

    I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get got an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this increase.

  • property for sale July 24, 2013 at 5:14 pm

    Awsome article and straight to the point. I am not sure if this is actually the best place to ask but do you guys have any ideea where to get some professional writers? Thanks in advance 🙂

  • travelers insurance July 25, 2013 at 4:58 am

    Of course, what a magnificent website and instructive posts, I will bookmark your blog.Have an awsome day!

  • New York Real Estate July 25, 2013 at 1:07 pm

    There is perceptibly a lot to identify about this. I suppose you made certain nice points in features also.

  • Luxury Travel July 27, 2013 at 2:50 pm

    I cling on to listening to the news update speak about receiving boundless online grant applications so I have been looking around for the finest site to get one. Could you advise me please, where could i acquire some?

  • travel destinations July 28, 2013 at 7:15 pm

    great points altogether, you just received a logo new reader. What could you recommend about your submit that you made a few days in the past? Any positive?


© 2013 Energy Tribune

Scroll to top