He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.
Hydraulic Fracturing Mining News
BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.
The company believes the market is set to move back into balance in 2017, with demand to exceed global supply.
The world’s largest miner announced Friday a roughly $7.2 billion pretax charge against its U.S. onshore energy assets
Research shows campaigns to ban fracking are widespread.
The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.
With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.
Already battered by increasingly onerous regulations on pollution from power generation, U.S. coal miners are now suffering the impact of cheap natural gas on the industry.
But findings could have been limited due to insufficient amount of data and the presence of other possible contaminates that made it impossible to conclude fracking's effects on certain areas, says EPA.
Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said.
The updated regulations, in the works since 2012, set standards for wells and disposal of wastewater. They also require disclosure of chemicals used.
Five million litres of wastewater will be disposed at the Brookfield-based plant following a successful pilot project earlier this spring.
The National Energy Board said Kinder Morgan can conduct survey work at Burnaby Mountain, despite opposition from the city.
The proposed law, however, would allow fracking for testing and research purposes.
Engineer/environmentalist explains why 'frack' shouldn't be considered a dirty word.
The Atlantic province will introduce legislation to prohibit high-volume hydraulic fracturing for onshore shale gas this fall.
The merger is the largest in the energy sector in the last 15 years.
Special protection will be given to national parks, areas of outstanding natural beauty and world heritage sites, says the government.
After a two-year moratorium,, Germany is ready to allow fracking and so reduce the country's dependency on Russian energy.
The two documents released Tuesday conclude the debated extraction process just needs to be closely monitored and properly regulated.
The discovery has already pushed British authorities to start mulling plans to ease rules on accessing shale oil and gas, including drilling without landowners' permission.
The agency will begin soliciting comment on whether companies should publicly list the chemicals used to extract fuels out of the ground.
Environmental groups outraged.
Ukraine has two major shale gas production deals with Chevron and Shell.
Former regulations only targeted horizontal wells, the most common in the state.