BHP Says It’s Been Unaffected by COSCO Sanctions

LONDON, Nov 7 (Reuters) - The sanctions imposed by the United States on subsidiaries of Chinese state-owned group COSCO have not affected the world's biggest dry bulk shipper BHP , the mining company said, after carrying out due diligence to check. In one of the biggest sanctions actions taken by the U.S. government since its crackdown on Iranian oil exports, Washington … [Read more...]

BHP Weighing LNG Fuel for Ore Carriers

By Barbara Lewis LONDON, Nov 4 (Reuters) - BHP, the biggest listed miner, aims to decide early next year who has won a tender for LNG-fueled transport to ship up to 27 million tonnes, or about 10%, of its iron ore to cut emissions by around a quarter, a senior executive said. Miners are under pressure to become less polluting as society worries about the environment and … [Read more...]

Autonomous Cargo Ships Extend Miner’s Technology Drive to Seas

By David Stringer (Bloomberg) -- BHP Billiton Ltd., the world’s biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may disrupt the $334 billion global shipping industry. “Safe and efficient autonomous vessels carrying BHP cargo, powered by BHP gas, is our … [Read more...]

BHP Says `Bloody Awful’ Trade Pledges Risk Deflating Trump Pump

By David Stringer and Danielle Bochove (Bloomberg) -- The head of the world’s biggest mining company intensified his warnings that U.S. trade protectionism under President Donald Trump would threaten global growth and the fight against poverty. While applauding efforts by the administration to boost U.S. growth and infrastructure spending, BHP Billiton Ltd. Chief … [Read more...]

Gulf of Mexico Lease Sale Reflects Today’s Depressed Offshore Market

  The Department of the Interior’s latest oil and gas lease sale covering nearly 22 million acres in the western Gulf of Mexico drew little interest from offshore companies on Wednesday, reflecting weakened market conditions driven by the plunge in oil prices. The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) Lease Sale 46 was held Wednesday … [Read more...]