Last year, BHP ended a massive loss-making seven-year foray into shale by selling most of its U.S. onshore shale oil and gas assets to BP for $10.5 billion.
Country seeks to exploit its massive Vaca Muerta shale play.
The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that is forcing people to line up for gasoline and public transport.
The Ora platform brings unprecedented performance in dynamic reservoir characterization.
Total investment in the Ruby Project, in which BHP holds a 68.5% stake, is about $500 million, the company said in a statement.
Arbitrators rule that PDVSA only owes $33.7 million plus interest.