BHP Billiton

Latest BHP Billiton News

• Election of Charles W. "Chip" Goodyear to serve as an independent director of the company.

• Otto Energy has announced that the Philippine Department of Energy has approved the transfer of a 60% working interest and Operatorship to BHP Billiton Petroleum Corp.

• The southwest extension of our DK Pipeline coupled with the Double Eagle condensate pipeline will allow Copano to offer a full slate of gas, NGL and condensate solutions to our customers in the trend.

• BHP Billiton plan to more than double full year spending after experiencing a positive year in 2011.

• Otto Energy Ltd advises that it has received confirmation from farm-in partner, BHP Billiton, that it has issued a termination notice for the Transocean Deepwater Expedition rig due to the rig not passing key acceptance tests.

• BHP Billiton plans to spend around $4.5 billion on developing shale gas in 2012 following two shale gas acquisitions this year.
• Billiton spent nearly $17 billion buying shale gas producer Petrohawk Energy and shale gas assets from Chesapeake Energy earlier this year
• BHP said it plans to spend around $5.5 billion a year by 2015, about a billion more than previous estimates, and around 6.5 billion a year in 2020 on U.S. shale.
• BHP's move this year into the relatively new and contentious energy source has worried some investors, particularly with U.S. gas prices depressed by the growing supply of gas from shale.

• Approximately 293.9 million Petrohawk shares validly tendered and not withdrawn pursuant to the Offer, including approximately 36.0 million Petrohawk shares tendered by guaranteed delivery, which tendered shares represent approximately 97.4 perc
• BHP Billiton accepts for payment, and expects to promptly pay for, all shares validly tendered and not withdrawn on or prior to the expiration of the Offer
• BHP Billiton expects to effect a short-form merger under Delaware law as promptly as practicable

• CFIUS concludes that there are no national security issues of concern in relation to the transactions contemplated by the merger agreement between BHP Billiton and Petrohawk
• The approval extends to BHP Billiton's tender offer for all of the issued and outstanding shares of common stock of Petrohawk for US$38.75 per share in cash
• The tender offer has been unanimously recommended by the Petrohawk board of directors and is being made pursuant to the merger agreement between BHP Billiton and Petrohawk

• Tropical storm Don positions itself in the direction of west-northwest, directly over southern and central Gulf of Mexico on its course toward Texas
• Energy firms have temporarily halted operations and have evacuated personnel
• Production hasn't been stalled yet but companies vigilant

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