BHP to invest $283m in Trinidad and Tobago petroleum project
Global miner BHP Group said on Thursday it has approved an investment of $283 million to fund the development of an oil and gas project in Trinidad and Tobago.
Total investment in the Ruby Project, in which BHP holds a 68.5% stake, is about $500 million, the miner said in a statement.
The remaining interest in the project is held by state-owned Heritage Petroleum and the National Gas Company of Trinidad and Tobago.
“Ruby aligns well with our strategy of maximising value from our existing assets, bringing competitive near term value and volume growth,” Geraldine Slattery, BHP President Operations Petroleum said.
(By Aditya Soni; Editing by Richard Pullin)
More News
Chile to cut 2025 copper price forecast, WSJ reports
The Chilean government will cut the estimated average price to $3.90 to $4 a pound from a current projection of $4.25.
April 06, 2025 | 10:49 am
Breakthrough Cu-Ta-Li alloy could transform aerospace, defense applications, researchers say
US Army Research Laboratory developed nanostructured copper alloy with exceptional thermal stability and mechanical strength.
April 04, 2025 | 04:17 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments
andrés sorribes
In 6 years iter fusion energy project in southern france if it has success it will literally wipe out the rest of energy forms on the earth, primary resource will be desalated water and it will cause a drop in energy price surely… 😛 😀