BHP Contemplating Exit From Oil & Gas
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BHP Contemplating Exit From Oil & Gas

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Thu, 07/22/2021 - 18:41

BHP Group is currently going over its asset portfolio as it explores its possible exit from all oil and gas activities, according to inside sources speaking exclusively to Bloomberg. Company spokesperson Judy Dane responded to the allegations by saying that "BHP does not comment on rumor or speculation.” Originally a mining company, BHP Group is reportedly under pressure from investors and shareholders to dump all oil and gas assets in order to align themselves with environmental goals and standards. This would presumably include the Trion project in the Mexican side of the GOM.

Ready for More? Here’s the Week in Oil & Gas!

Clandestine fuel intakes increase

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Scientific Community Demand Access to “Eye of Fire” Site

Following the accident on July 2, in which the fracture of a pipeline 80 meters under the sea in the Gulf of Mexico caused a gas spill followed by an underwater fire, scientists and environmentalists are demanding access to the site and information related to the disaster. Scientists and environmentalists say that they have not had access to the site, so they have not been able to corroborate that there has been no damage. This area is restricted by the Mexican government, which made research impossible. In addition, experts point out that determining the impacts of an accident is particularly difficult due to the dispersion of contaminants in the sea.

IEnova Uses Carbon Offset to Meet Emission Goals

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CFE loses in international courts 

President López Obrador announced that the international courts had ruled against CFE in litigation over the expansion of a hydroelectric plant in Chiapas. López Obrador said there is a lack of objectivity in the courts because there are disadvantages for the governments in this type of trial. “They built the entire judicial apparatus to favor companies; it is very difficult for the government to win, even abroad. We have chosen to seek agreements and will continue to do so.”

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