BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.
Oil Mining News
Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.
A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.
North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.
Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth.
Deal boosts energy cooperation between Moscow and Beijing.
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.
How it is possible for the price of oil to go both up and not up, and what would that mean for the oil industry?
The monument, one of the 27 President Trump is taking a second look at, covers 1.3 million acres (about 5,260 square km), and it includes land considered sacred to Native Americans.
It's tempting to think that BHP Billiton has caved into demands by activist investor Elliott Advisors by agreeing to sell its U.S. onshore oil and gas business and by boosting the returns to shareholders.
Controversial director Grant King is stepping down, only six months after joining the company amid concerns among investors over oil investments.
After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.
Democratic Republic of Congo's government seeks to head off a collapse in national finances that is hitting the economy.
Value added brought by the mining sector grew by more than 21% in the first three months of the year — the largest increase since the fourth quarter of 2014.
Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel.
Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials.
World number one miner's Pilbara mines produce 268m tonnes for the year, but strike at Escondida sees copper output slide 16%.
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines.
UBC Okanagan researcher helps develop cheaper and faster bioreactors
Another $30 million will go to help fund 12 projects that tackle methane emissions in the province.
News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.
The unpredictability of today’s oil market is leaving some investors burned by unexpected price gyrations.
Agreement is part of plan to double investment in the sector to $25bn in eight years.
Canada will need more pipelines built through to 2030 to transport an additional 1.3 million barrels per day of oil sands production to markets across North America and around the world, according to the Canadian Association of Petroleum Producers.
Move seeks strengthening the firm’s position as energy markets recover.