Australian miner BHP Group Ltd. said May 5 it had achieved first oil production from its Ruby project offshore Trinidad and Tobago.
The development consists of oil and gas production wells and is expected to produce 16,000 gross barrels of oil per day after completion, the company said in a statement.
The project is among a portfolio of petroleum projects owned by the world’s largest listed miner that includes the Bass Strait operation offshore Australia, that it co-owns with a unit of oil giant Exxon Mobil Corp.
BHP, which owns a 68.46% stake in the Ruby project, said it is expected to be completed by third-quarter 2021.
Callon Petroleum and Carrizo Oil & Gas said Dec. 20 that shareholders from both companies voted to approve its pending merger, which had initially faced shareholder opposition.
Today’s featured Forty Under 40 honoree is Nick Vandivere, CEO of ThoughtTrace which is a Houston-based software company using AI and machine learning to streamline operations for the energy industry.
Chaparral Energy said Dec. 23 its board of directors has appointed Charles “Chuck” Duginski as president and CEO, effective Dec. 20.