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BHP offboards its petroleum business in merger with Woodside; focus on “future-facing commodities”

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As part of this plan, Woodside and BHP have agreed an option for BHP to sell its 26.5% Longer term embedded options include the Wildling (US), Trion (Mexico), Calypso (Trinidad and Tobago) and Browse (Australia) projects. We will sustainably supply the commodities needed by the world. —BHP CEO Mike Henry.

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Shell to expand global LNG position with ~$6.2B deal with Repsol S.A.

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Royal Dutch Shell plc has agreed to acquire part of Repsol S.A’s LNG (liquefied natural gas) portfolio outside of North America, including supply positions in Peru and Trinidad & Tobago, for $4.4 As part of this agreement, Shell has committed to supply around 0.1 billion in cash.

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Shell completes acquisition of Repsol S.A. LNG portfolio

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As part of the transaction, Shell will also assume $1.6 The company’s already diverse and flexible portfolio will be boosted with LNG supply in the Atlantic from Trinidad & Tobago, and in the Pacific from Peru. mtpa capacity on a 100% basis (20-25% equity per train); operated by Atlantic LNG Company of Trinidad and Tobago.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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The report concluded that “ damage from climate change, perhaps immense damage, is likely to be part of the Australian reality of the 21 st century and beyond.” “ Bretton Woods plus Yalta, multiplied by Reykjavik. ” —British Energy Secretary Ed Miliband, summing up the historical significance of COP 15.

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