The Mining, Energy, Oil and Gas Publications for the Asia Pacific Region.

BHP to Spend $1.4 billion on Exploration

Posted Mon Jan 23, 2012

Australia's biggest producer of oil and gas has announced it is to spend $1.4 billion on petroleum exploration. After buying shale gas assets in the US in 2011, BHP Billiton plans to more than double full year spending after experiencing a positive year in 2011.


	Video Gallery player

Chevron Hits Another Winner in the Exmouth Plateau


	Chevron has announced a natural gas discovery by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia.

Crux Becomes Part of Prelude in Nexus Deal


	Nexus Energy has announced that it has signed a non-binding heads of agreement (HOA) with Shell Australia and Osaka Gas to exclusively pursue a Shell-led integrated gas and liquids development to commercialise the Crux asset.

Hess to Spend Up Big on Exploration


	The Hess Corporation will spend 21% more this year on exploration and production of its global oil and gas assets. Chairman and CEO, John Hess said he believed that the investments Hess are making in unconventionals are lower in risk and will generate long term profitable growth for shareholders.

Resource Widgets

World Energy Consumption

World Energy Production

Alternative Energy Production

Fossil Fuel Energy Production

US Energy Consumption

Precious Metals Production

Gold Holdings by Country

US Debts