Share Name Share Symbol Market Type Share ISIN Share Description
Bhp Group Plc LSE:BHP London Ordinary Share GB00BH0P3Z91 ORD $0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -94.40 -4.8% 1,873.80 1,867.40 1,868.00 1,957.20 1,855.80 1,956.80 23,046,139 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 43,970.7 17,786.5 161.6 11.5 39,576

Bhp Share Discussion Threads

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the grumpy old men
News OPEC+ decides to increase oil production by 500,000 b/d from 2021 Oil & GasUpstreamProduction By NS Energy Staff Writer 04 Dec 2020 OPEC and non-OPEC the countries have agreed to increase the oil production effective from January 2021 russia-112445_640 The 12th OPEC and non-OPEC ministerial meeting concludes. (Credit: David Mark from Pixabay) The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries have decided to increase oil production by 500,000 barrels per day (bpd). At the 12th OPEC and non-OPEC Ministerial Meeting (ONOMM) held via videoconference, the countries have agreed to increase the oil production effective from January 2021. In a press statement, Opec said: “In light of the current oil market fundamentals and the outlook for 2021, the Meeting agreed to reconfirm the existing commitment under the DoC (Declaration of Cooperation) decision from 12 April 2020, then amended in June and September 2020, to gradually return 2 mb/d, given consideration to market conditions.” Additionally, the participating countries of the DoC have agreed to assess market conditions by holding monthly OPEC and non-OPEC ministerial meetings starting in 2021. Upon assessing, the countries will decide on further adjustments for oil production for the following month with monthly adjustments set not more than 0.5 million barrels per day (mb/d). The DoC participating countries have decided to voluntary adjust production by 0.5 mb/d from 7.7 mb/d to 7.2 mb/d, starting in January 2021. In the meeting, the countries have also agreed to extend the compensation period established from the 11th ONOMM until the end of March 2021 to ensure full compensation from the DoC countries of over production in in previous months. Opec said in a statement: “Looking ahead, the Meeting emphasized that it was vital that DoC participants, and all major producers, remain fully committed to efforts aimed at balancing and stabilizing the market. “It noted that renewed lockdowns, due to more stringent COVID-19 containment measures, continue to impact the global economy and oil demand recovery, with prevailing uncertainties over the winter months.” The latest meeting follows the decision made by OPEC+ in October 2020 to support the oil market amid weak demand due to a second wave of the coronavirus.
Https://seekingalpha.com/news/3640664-bhp-taps-shell-to-supply-lng-to-fuel-iron-ore-cargo-to-china?mail_subject=rds-a-bhp-taps-shell-to-supply-lng-to-fuel-iron-ore-cargo-to-china&utm_campaign=rta-stock-news&utm_content=link-2&utm_medium=email&utm_source=seeking_alpha BHP taps Shell to supply LNG to fuel iron ore cargo to China Dec. 01, 2020 2:23 PM ETBHP Group (BHP)By: Carl Surran, SA News Editor BHP says it awarded a five-year contract to Royal Dutch Shell (RDS.A, RDS.B) to power five liquefied natural gas-powered ships carrying iron ore to China from Western Australia, following a tender process it issued last year. BHP Chief Commercial Officer Vandita Pant says the LNG-fueled vessels should help the company cut carbon emissions by 30% on a per voyage basis vs. a conventionally-fueled voyage on the same route, and contribute to the miner's 2030 goal to support 40% emissions intensity reduction of BHP-chartered shipping of its products. The contract is BHP's first such LNG supply agreement; the company's pivot towards LNG is part of a plan to cut carbon emissions and meet International Maritime Organization regulations on a 0.5% sulfur limit in marine fuels that took effect this past January. Pant says the contract with Shell should account for as much as 10% of forecast Asian LNG bunker demand in FY 2023. BHP is an "increasingly diversified commodities play offering a sustainable 5% yield," Opal Investment Research writes in a bullish report recently posted on Seeking Alpha.
the grumpy old men
BHP seals deal with Shell to fuel LNG-powered ship fleet December 1, 2020 — 4.10pm Mining giant BHP has awarded Shell a landmark contract to supply fuel for the world's first fleet of liquefied natural gas-powered Newcastlemax bulk carriers as it seeks to lower shipping emissions. As part of the company's pledge to slash emissions across its supply chain, BHP this year said it would charter five vessels from Eastern Pacific Shipping, powered by liquefied natural gas (LNG) instead of bunker fuel, to carry 10 million tonnes of iron ore a year from Australia to China from 2022. BHP has awarded Shell a contract to fuel the world's first fleet of LNG-powered bulk carriers. BHP has awarded Shell a contract to fuel the world's first fleet of LNG-powered bulk carriers.Credit:Robert Peet Using carriers powered by LNG rather than diesel would eliminate NOx (nitrogen oxide) and SOx (sulphur oxide) emissions, and sharply reduce carbon dioxide emissions, according to the miner. BHP chief commercial officer Vandita Pant said awarding the contract to Shell marked a significant step in the company's ambitions of reducing the carbon footprint across its shipping supply chain. "LNG-fuelled vessels are forecast to help BHP reduce carbon dioxide-equivalent emissions by 30 per cent on a per-voyage basis compared to a conventional fuelled voyage between WA and China, and contribute to our 2030 goal to support 40 per cent emissions-intensity reduction of BHP-chartered shipping of our products," Ms Pant said. BHP 'sets new bar' with carbon cuts targeting steel mills, shippers The contract, which BHP said was the result of a tender process including several potential LNG suppliers, comes as the resources industry faces pressure from some of the world's biggest investors to expand their carbon-reduction ambitions to take responsibility for emissions caused by the transport and end-use of their resources around the world, known as "Scope 3" emissions. BHP earlier this year became the first major resources company to commit to Scope 3 targets, aiming for a 30 per cent reduction in the emissions intensity of customers like steel mills and power plants that purchase their products, as well as the 40 per cent cut across its chartered shipping. Shell Energy executive vice-president Steve Hill congratulated BHP on reducing emissions in their maritime supply chain with the world's first LNG-fuelled Newcastlemax bulk carriers. "Decarbonisation of the shipping industry must begin today and LNG is the cleanest fuel currently available in meaningful volumes," he said. "This LNG bunkering contract strengthens the bunkering market in the region and we look forward to working with BHP and other customers in the maritime sector on their journey to a net-zero emissions future." In the shipping industry's biggest overhaul in decades, new emissions standards were introduced this year slashing sulphur levels permitted in maritime fuel. The changes prompted exporters including BHP to seek out cleaner alternatives to heavy fuel known as bunker fuel, which, until now, has been the shipping industry's main fuel source. The United Nations International Maritime Organisation has also set goals to halve carbon dioxide emissions generated by shipping by 2050 compared to 2008 levels. Mining BHP Billiton Nick Toscano Business reporter for The Age and Sydney Morning Herald.
the grumpy old men
Gold COMEX 1,785.10 -0.17% Silver COMEX 22.65 +0.03% Platinum NYMEX 973.00 +0.85% Copper COMEX 3.44 +0.72% Brent Crude Oil NYMEX 47.36 -1.84% Gasoline NYMEX 1.23 -2.56% Natural Gas NYMEX 2.90 +1.83% WTI 44.845 USD -0.69% FTSE 100 6,266.19 -1.59% Dow Jones 29,564.16 -1.16% CAC 40 5,575.16 -0.41% SBF 120 4,408.75 -0.44% Euro STOXX 50 3,492.54 -1.24% DAX 13,291.16 -0.33% Ftse Mib 22,191.88 -0.72% Rio Tinto 4,834 -1.80% Bhp 1,698.6 -2.26% Anglo American 2,213.5 -2.30% Glencore 211.85 -0.80%
Gold COMEX 1,788.00 -1.44% Silver COMEX 22.68 -3.18% Platinum NYMEX 967.60 -0.24% Copper COMEX 3.42 +1.18% Brent Crude Oil NYMEX 48.00 +0.76% Gasoline NYMEX 1.26 +0.55% Natural Gas NYMEX 2.84 -2.87% WTI 45.31 USD +0.78% FTSE 100 6,367.58 +0.07% Dow Jones 29,890.79 +0.06% CAC 40 5,598.18 +0.56% SBF 120 4,428.16 +0.61% Euro STOXX 50 3,527.79 +0.32% DAX 13,335.68 +0.37% Ftse Mib 22,343.09 +0.64% Rio Tinto 4,922.5 +0.43% Bhp 1,737.8 +0.56% Anglo American 2,265.5 -0.04% Glencore 213.55 +0.64%
Gold COMEX 1,870.70 +0.33% Silver COMEX 24.35 +1.04% Platinum NYMEX 954.60 -0.23% Copper COMEX 3.29 +2.40% Brent Crude Oil NYMEX 44.34 +0.29% Gasoline NYMEX 1.17 +0.28% Natural Gas NYMEX 2.78 +1.98% WTI 41.86 USD +0.56% FTSE 100 6,351.45 +0.27% Dow Jones 29,392.74 -0.31% CAC 40 5,495.89 +0.39% SBF 120 4,344.64 +0.32% Euro STOXX 50 3,467.03 +0.45% DAX 13,137.25 +0.39% Ftse Mib 21,698.05 +0.75% Rio Tinto 4,773 +1.21% Bhp 1,645.6 +1.49% Anglo American 2,144 +1.13% Glencore 195.06 +2.43%
Gold COMEX 1,889.80 +0.75% Silver COMEX 24.72 +1.54% Platinum NYMEX 892.30 +0.94% Copper COMEX 3.17 +1.13% Brent Crude Oil NYMEX 42.89 -1.02% Gasoline NYMEX 1.13 -1.68% Natural Gas NYMEX 3.18 +3.45% WTI 40.25 USD -1.12% FTSE 100 6,316.39 -0.36% Dow Jones 29,354.74 +0.94% CAC 40 5,380.16 +0.33% SBF 120 4,255.46 +0.38% Euro STOXX 50 3,439.93 +0.16% DAX 13,076.72 +0.18% Ftse Mib 20,948.41 +0.63% Rio Tinto 4,732 -0.69% Bhp 1,630.6 -0.27% Anglo American 2,094 +0.31% Glencore 189.54 +0.51%
Lagarde warns against vaccine optimism and hints at more ECB easing Published Wed, Nov 11 20208:40 AM EST Silvia Amaro @Silvia_Amaro Key Points “The recovery may not be linear, but rather unsteady, stop-start and contingent on the pace of vaccine rollout,” she said. The European Central Bank hinted last month at further monetary stimulus before the year ends. Speaking Wednesday, Lagarde suggested the central bank is likely to cut borrowing costs for banks further, as well as adjusting its pandemic-related asset purchase program.
Whats the point?
TROPICAL STORM EIA Https://www.nhc.noaa.gov/graphics_at4.shtml?start#contents
An Oil Market Recovery Is On The Horizon By Cyril Widdershoven - Nov 10, 2020, 7:00 PM CST Join Our Community The major participants at ADIPEC 2020’s ADNOC Trading Forum expressed a wide range of sentiment, but the general message was one of caution or even outright pessimism when it came to oil price movements. The Virtual Conference, which was held in Abu Dhabi, was dominated by three main topics, the impact of COVID-19, global oil and gas demand destruction, and the U.S. election results. With a wide range of speakers including representatives from Abu Dhabi’s national oil company ADNOC, the major storage company VITOL, Japanese company ENEOS, Abu Dhabi Global Markets (ADGM), and OMV amongst others, the forecasts for 2021 were plentiful and varied. The main takeaways for observers were that markets may be growing increasingly optimistic about a COVID recovery, but oil prices are unlikely to see a real recovery before the end of 2021. Oil market fundamentals are very weak at the moment and even if a COVID-19 vaccine is produced, the impact on fundamentals will be slow. Furthermore, any oil market recovery could easily be halted by a change in the strategy of OPEC+ or any other supply increase before demand picks back up. According to Energy Intelligence, Platts and Argus, the overall expectation for oil prices in 2021 is in the high $30s to mid $40s per barrel. In a panel with Martin Fraenkel, Euan Craik, and Alex Schindelar, all three industry leaders agreed that they expected a more optimistic situation in 2022. The three oil analysts emphasized that much will depend on the success of tackling COVID globally and the resilience of the market in the face of a possible supply boost. Russel Hardy, the CEO of Vitol, argued that 2020 has shown how resilient the hydrocarbon sector still is. Despite the major breakdown of demand due to the COVID-19 pandemic, Hardy claimed that Vitol has been able to ride out the storm and is fully prepared for 2021. While a combination of negative prices, demand destruction, and a storage glut means that a return to normal is still a long way away, an industry recovery is well and truly underway. Kajo Fujiwara, the Executive Officer of Crude Trading and Shipping for Japanese company ENEOS emphasized that “work continued even in COVID time”. He said that was particularly difficult as a state of emergency had been put in place in Japan as its refineries were forced to cut, exports decreased and margins were very low. The company’s investment plans were also altered as several projects were delayed. In H2, however, ENEOS saw refinery runs increase and signs of demand recovering. Related: This Just Became The World's Largest Gas Hub When asked about ADNOC Trading, Khaled Salmeen, the Executive Director, stated that the company “has not stopped doing what we wanted to do….we wanted to go strong on trading and we are as ADNOC Global Trading is going to go live in the coming weeks”. When asked about the impact of COVID on trading, Salmeen stated that for his company it had been an opportunity, as working on risk management and pricing has allowed the company to become more resilient. ADNOC Trading is developing well, with the crude book having gone live in September and the products book via Global Trading set to go live in the coming weeks. ADNOC is now starting to train and support the next generation of traders in the UAE. An ADNOC Trading official added that ADNOC Trading plans to set up representation internationally, including in the U.S. As well as trading, Salmeen confirmed that ADNOC Trading is also looking at entering the shipping space. ADNOC has always been an FOB seller. Shipping is now going to be a major part of the company. The cost of both second hand and new vessels in the current climate is extremely attractive for those with capital. Overall it was a mixed takeaway from the event. COVID is once again hovering over markets with a second round of lockdowns in the EU, and price volatility has increased. For some, such as Hardy, real optimism could return to markets in H1 2021. There doesn’t seem to be any significant demand increase set to take place in winter and even if a COVID vaccine is produced, the real impact won’t be felt in the market before end H2 2021. At the same time, all participants agreed that the OPEC+ strategy is one of the major factors to watch. Vitol expects normal stock levels by Summer 2021, but even that will depend on OPEC+ strategies. New additional production, such as from Libya or Iran, could set markets back. A return to normal stock levels would see prices rising at the end of 2021. Hardy is cautiously optimistic but admits that it all depends on a continuous flow of “good news”. The Vitol official expects oil prices to recover to the high 40s or even the 50s in H1 2021, although any demand reduction would hurt that prediction. When asked about Biden, Hardy said that any U.S. supply response would be price related. He stated that if Biden rejoins JCPOA and Iranian oil flows again, prices will be hit hard. He doesn’t expect the Biden Administration to have much of an impact on U.S. shale production though. While new regulations would impact production by increasing overall costs, the sector itself is largely non-political. Even the oil and gas situation in Asia remains unclear. According to ENEOS’ Kajo, the COVID impact is still very much being felt. While the economies have suffered less than their western country parts, the impact on demand is still tangible. She said that China’s demand is healthy, but other countries such as Japan and India are still suffering. In Japan, refining margins are still suffering as JET demand is very low, and export markets are yet to recover. When asked about a possible Peak Oil demand scenario in Japan, the ENEOS official said that COVID has moved it forward dramatically. By Cyril Widdershoven for Oilprice.com
Scottish Widows Plans GBP440 Million Divestment In Green Push Mon, 9th Nov 2020 07:28 Alliance News (Alliance News) - Pension manager Scottish Widows Ltd is set to sell nearly half a billion pounds worth of shares in companies with questionable policies on climate change and weapons markers. The investment manager, part of Lloyds Banking Group PLC, is responsible for the pensions of nearly six million people. It said that it plans to sell off GBP440 million from companies that do not live up to its environment, social and governance standards. It warned that this figure could rise "much further" unless companies improve their practices. Companies being sold will be those that get more than 10% of revenue from thermal coal and tar sands, a damaging way of extracting oil. It will also divest from manufacturers of "controversial" weapons and those that violate the UN Global Compact on human rights, labour environment and corruption. "As a large institutional investor, we have a vital role to play in shielding our customers from ESG investment risks, as well as influencing positive change through the investments we hold," said Maria Nazarova-Doyle, Scottish Widows's head of pension investments. "Our exclusions focus on companies we believe pose the most severe investment risk due to the nature of their businesses, which can't be addressed through engagement." Companies have been responding to investor pressure in recent years, taking into account more of the biggest pension savers' concerns. After pressure from shareholders, both Shell Dutch Shell PLC and BP PLC have said they hope to reach net zero emissions by 2050. Nazarova-Doyle said: "The growth of these 'at risk' companies is likely to be severely limited by future regulations and the changing views of customers and investors, leading to significant falls in their share prices." By August Graham, PA City Reporter source: PA
BHP ups stake in Shenzi oil and gas field to 72% MINING.com Editor | November 6, 2020 | 12:04 pm Energy Top Companies Latin America Oil & Gas Shenzi development. Image from BHP. BHP (NYSE: BHP) announced Friday that it has completed the transaction to acquire an additional 28% working interest in Shenzi from Hess Corporation for $505 million. The deepwater Shenzi oil and gas field lies in the Gulf of Mexico and holds estimated recoverable reserves of between 350 million and 400 million barrels of oil equivalent, although additional potential reserves will be targeted for follow-up development, Offshore Technology reported. Sign Up for the Energy Digest The transaction brings BHP’s working interest to 72% and adds approximately 11,000 barrels of oil equivalent per day of production (90% oil) as of the transaction closing date of November 6. Total petroleum production guidance for the 2021 financial year of between 95 and 102 MMboe will be updated at the second quarter Operational Review, released January 20, 2021, to reflect the additional production from Shenzi and other operational updates such as Gulf of Mexico hurricane impacts, BHP said in a media release. Shenzi is a six-lease development and is structured as joint ownership; BHP has a 72% interest and Repsol S.A. has 28% interest.
Gold COMEX 1,955.10 +0.21% Silver COMEX 25.67 +0.79% Platinum NYMEX 896.20 -0.43% Copper COMEX 3.15 +1.33% Brent Crude Oil NYMEX 39.55 -2.85% Gasoline NYMEX 1.08 -2.63% Natural Gas NYMEX 3.07 -0.45% (WTI) 37.235 USD -3.07% FTSE 100 5,910.02 +0.07% Dow Jones 28,388.37 -0.01% CAC 40 4,960.88 -0.46% SBF 120 3,921.18 -0.49% Euro STOXX 50 3,204.05 -0.30% DAX 12,480.02 -0.70% Ftse Mib 19,688.07 -0.22% Rio Tinto 4,622 +2.88% Bhp 1,585 +1.92% Anglo American 1,912 +2.76% Glencore 170 +3.57%
Https://www.financialexpress.com/industry/commercial-mining-maiden-coal-auctions-draw-good-response /2119741/ Commercial mining: Maiden coal auctions draw good response By: FE Bureau | November 3, 2020 5:30 AM Of course, the absence of global mining giants such as BHP Billiton, Rio Tinto and Glencore was conspicuous, but analyst noted this is seemingly because these companies are gradually withdrawing from the coal industry. These assets are unexplored ones, and the investors will enjoy certainty of tenure from the prospecting to the production stages. Boosting the prospects of a sharp acceleration in India’s coal production and near elimination of the need for thermal coal imports in the medium term, the maiden auction under the commercial coal mining policy saw aggressive bidding by domestic and home grown firms on Monday. While five commercial coal blocks went under the hammer, the winning bidders offered to pay handsome amounts to the respective state governments as revenue share, up to 31% in two cases. The largest mine offered — Radhikapur West in Odisha — was won by Vedanta, which agreed to a revenue share of 21%, while Aditya Birla Group’s Hindalco Industries bagged the Chakla blocks in Jharkhand, the second largest among the auctioned block by quoting a 14.25% revenue share. This would also be the first set of coal assets to be auctioned off through the new market-determined revenue share model that replaced the fixed fee/tonne regime that turned off private investors. These assets are unexplored ones, and the investors will enjoy certainty of tenure from the prospecting to the production stages. The smaller blocks witnessed more intense bidding, with Yazdani International quoting the highest bid of a 30.75% revenue share for the Marki Mangli 2 mine in Maharashtra. For the Takli Jena Bellora block in Maharashtra, Arurobindo Realty quoted a 30.75% revenue share. JMS Mining’s bid of a 10.5% revenue share was the highest quote received for the Urtan block in Madhya Pradesh. As many as 19 blocks will be auctioned in this batch of auctions, scheduled to end on November 9. Other bidders who participated in Monday’s auction but did not win any coal block include Adani Enterprises, Jindal Steel and Power and Sunflag Iron and Steel Company. The government on June 18 had launched the maiden auction for commercial coal blocks, where the requirement of prior experience for prospective bidders had been done away with to attract investors. The Centre initially estimated commercial coal mining to contribute about Rs 20,000 crore annually to states as revenue and potentially save Rs 30,000 crore per annum by substituting thermal coal imports. However, the actual benefits seem to be much lower as the estimates were based on output from 41 mines with an annual peak production capacity of about 225 million tonne (MT). While three of the blocks were removed from the list following the objections from Maharashtra and Chhattisgarh state governments, the Union coal ministry had received bids for only 23 coal mines out of the 38 blocks offered. Four mines received only one bid each, rendering them unqualified to be put up for auctions. Credit Suisse wrote: “We highlight that at a peak rated capacity of 51 mtpa (26% of the total 197 MT which were put up for auction), these (19 blocks) comprise only 5% of India’s coal demand.” The agency also noted that these mines would need to take various clearances (environmental, forest and land acquisition) before they start operations. “Our base case is that it would take new owners 4-5 years to start production, unless the government fast-tracks clearances.” Analysts at CARE Ratings had earlier noted that “subdued economic activity and liquidity constraints may result in lower interest among the private players to invest in commercial mining rights”. It also noted that stricter environmental norms are being adopted world over and with that many companies are increasingly moving towards greener and cleaner fuels. “This may therefore fail to entice participation from foreign companies,” it added.
Gold COMEX 1,881.60 +0.73% Silver COMEX 23.68 +1.50% Platinum NYMEX 845.80 -0.44% Copper COMEX 3.05 -0.34% Brent Crude Oil NYMEX 37.53 -1.60% Gasoline NYMEX 1.02 -0.71% Natural Gas NYMEX 3.30 -0.57% WTI 35.315 USD -2.40% FTSE 100 5,577.27 -0.08% Dow Jones 26,365.21 -1.10% CAC 40 4,594.24 +0.54% SBF 120 3,640.89 +0.46% Euro STOXX 50 2,958.21 +0.13% DAX 11,556.48 -0.36% Ftse Mib 17,958.69 +0.48% ├Źndice Bovespa 94,372.62 -2.29% S&P ASX 200 5,927.6 -0.55% Rio Tinto 4,357 +0.53% Bhp 1,490.2 -0.03% Anglo American 1,811.2 +0.29% Glencore 155.9 +0.26%
U.S. Gulf of Mexico energy producers, refiners brace for Hurricane Zeta Oct. 27, 2020 4:04 PM ET|About: Crude Oil Futures (CL1:COM)|By: Carl Surran, SA News Editor Crude oil prices (CL1:COM) climbed today as Gulf of Mexico operators shut roughly half of all oil and gas production from the U.S. Gulf of Mexico ahead of Hurricane Zeta. December WTI settled +2.1% at $39.57/bbl, while December Brent +1.8% to $41.20/bbl. An estimated 914.8K bbl/day of crude production and 1,500 MM cf/day of natural gas was shut in, reflecting 49.4% and 55.3% of U.S. Gulf output, respectively, according to the U.S. Bureau of Safety and Environmental Enforcement. BP and Chevron (NYSE:CVX) say they have shut in all of their operated platforms, while Royal Dutch Shell (RDS.A, RDS.B), BHP, Murphy Oil (NYSE:MUR) and Equinor (NYSE:EQNR) have shut at least some platforms and production ahead of the storm. At least five Louisiana oil refineries in the path of Zeta reportedly plan to maintain operations: Exxon's (NYSE:XOM) 517K bbl/day Baton Rouge refinery, Shell's 227K bbl/day Norco plant, Shell's 211K bbl/day Convent refinery, PBF Energy's (NYSE:PBF) 190K bbl/day Chalmette refinery, and Valero's (NYSE:VLO) 125K bbl/day Meraux facility.
Gulf of Mexico oil workers pull out as another tropical storm heads toward rigs Oct. 26, 2020 2:29 PM ET|About: BP p.l.c. (BP)|By: Carl Surran, SA News Editor Oil producers are evacuating offshore production platforms in the U.S. Gulf of Mexico, as Tropical Storm Zeta strengthens and looks likely to threaten the U.S. later this week as a hurricane. BP, BHP, Chevron (NYSE:CVX), Equinor (NYSE:EQNR) and Royal Dutch Shell (RDS.A, RDS.B) began withdrawing staff from their U.S. Gulf of Mexico offshore facilities. BP says it has started to shut-in production at its GoM platforms and assets; Shell has paused some offshore drilling in the area and is limiting movement of non-essential personnel to offshore platforms. BHP is evacuating non-essential workers from the Shenzi and Neptune offshore production platforms, and Equinor is shutting production on the Titan platform. Enbridge (NYSE:ENB) reportedly has declared a force majeure event for some of its assets in the Gulf.
la forge
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