Dec. 9, 2014, 4:58 AM
- BHP Billiton (NYSE:BHP) has sold its first cargo of processed condensate from the U.S., testing the waters of exporting the minimally processed oil without a permit.
- The producer sold a 650K-barrel cargo to U.S. firm Koch for delivery during the first half of January at a premium of about $2 a barrel to WTI.
- Previously: BHP to export condensate without permit (Nov. 05 2014)
- BHP -2.2% premarket
Nov. 5, 2014, 2:01 AM
- BHP Billiton (NYSE:BHP) is planning to export ultralight oil from the U.S. without getting formal approval from Washington, testing the waters of exporting the minimally processed oil without a permit.
- People in the industry say the U.S. Commerce Department, which oversees oil exports, has been encouraging companies to pursue independent exports without having to issue new rulings permitting it, a process being called "self-classification."
- Pioneer Natural Resources and Enterprise Products Partners surprised oil markets earlier this year when they said they had obtained government approval to export the ultralight oil, known as condensate.
- BHP Billiton says it has already signed an agreement to sell a 650K barrel cargo to Swiss trader Vitol.
Aug. 19, 2014, 7:14 AM
- After announcing the creation of its new global metals and mining company, BHP Billiton (NYSE:BHP) says it is now in talks with potential buyers for all, or part, of its Nickel West division in Australia, which was excluded from the company's major restructuring.
- "We continue to talk to interested parties," says CEO Andrew Mackenzie. "This is a matter of commercial discussions with several potential buyers."
Aug. 19, 2014, 3:40 AM
- BHP Billiton (NYSE:BHP) has announced its plans to form a new global metals and mining company based around its aluminium, coal, manganese, nickel and silver assets. The new company will be listed on the Australian stock exchange, with a secondary listing in South Africa.
- "With a simpler portfolio, we are targeting sustainable, productivity-led gains of at least $3.5B per annum by the end of the 2017 financial year," says CEO Andrew Mackenzie.
- The demerger will leave BHP Billiton focused on its long-life iron ore, copper, coal, petroleum and potash basins.
Currently, there's no company description for BHPLF.
Sector: Basic Materials
Industry: Electric Utilities