|
|
BHP Billiton plc appoints company secretary
BHP Billiton plc announced the appointment of Karen Wood as Company Secretary, with immediate effect. In addition to her new role, Ms Wood will continue in her current position as Company Secretary of BHP Billiton Limited. Ms Wood's appointment follows the resignation of former BHP Billiton plc Company Secretary, Michael Nesbitt, earlier this year.
|
|
Click here for original article
|
| |
BHP Billiton well concluded in Trinidad
BHP Billiton said that BHP Petroleum (Trinidad) Ltd had found an encouraging hydrocarbon column at its third exploration well in the Block 2(C) production sharing contract area offshore Trinidad and had therefore abandoned the Kairi-1 well. The company said that the significance of the well would be assessed following further evaluation of drilling and resource data. Further drilling would be required to determine the size of the discovery. BHP was the designated operator and held a 45% working interest in Block 2 (c). Partners in the project were Elf Petroleum Trinidad BV and Talisman (Trinidad) Ltd.
|
|
Click here for original article
|
| |
BHP Billiton to release first combined report
BHP Billiton would release its first combined report on 20 Aug 01 which analysts thought would be a guide to the future earnings power of the group. They were particularly looking for information on the integration of the two groups and the culture and strategy. Analysts said that the market would also be seeking guidance on the outlook for commodity markets to gauge the severity of the global downturn. Rio Tinto had warned of troubled trading conditions until at least Aug 02. Profit estimates for Billiton ranged from $2.25bn to $2.34bn for the period to Jun 01 -- excluding exceptional items.
|
| |
De Beers disposes of BHP Billiton interest
UK stockbroker house, Schroder Salomon Smith Barney, said that 24.7m BHP Billiton shares (1.1% of the issued share capital) were disposed of on behalf of De Beers on 14 Aug 01 at a price of GBP 3.20 per share. De Beers no longer held an interest in the group.
|
| |
BHP Billiton to move into energy trading
BHP Billiton said that it may move into energy trading as a way of balancing its exposure to energy markets in its mining, metals and oil and gas businesses. The oil and gas business were performing particularly well but the group said that it was "long in liquefied natural gas but short in electricity". An energy trading business was being established in Singapore. It was thought that the group was opting for a similar strategy to that of US power giant Enron, which used its long position in electricity to sell hedging and derivative products to energy users.
|
| |
BHP Billiton to retail its petroleum interests
The Observer in London reported that BHP Billiton would not be disposing of its GBP6bn petroleum assets, the group would announce its decision when it released its results on 20 Aug 01. Retention of the petroleum interests would allow the group to continue talks with Australian Woodside Petroleum on asset sharing, joint ventures or the possibility of a merger. It was thought that negotiations would take place with the likes of Royal Dutch/Shell Group which owned 34% of Woodside. Australian regulators had twice before rejected a take over by Shell of BHP Billiton’s oil interests.
|
| |
BHP Billiton signs agreement for sale of gas
BHP Billiton announced, together with other participants in the North West Shelf Venture, agreement on the key terms of an agreement with the Chubu Electric Power Company Inc of Japan for the sale and purchase of liquefied natural gas (lng) from the shelf in Western Australia. Lng would be supplied for a long term period beginning 2009 with finalisation of the sale and purchase agreement to be initiated. BHP Billiton's share in the project was 16.67%.
|
|
Click here for original article
|
| |
| |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
