Bhp Group News

Australia's BHP Group is planning to receive its first ammonia-fueled bulk carrier in 2026 as part of the company's plans to cut shipping emissions, a senior executive said.The global mining giant has shortlisted eight companies for the building, operation and fuel supply for at least one such vessel, Rashpal Singh Bhatti, vice president of maritime and supply chain excellence at BHP told Reuters late last week.However, it has not yet decided on the total number of vessels that it will order and is also assessing costs…

U.S. Deputy Interior Secretary Tommy Beaudreau is stepping down from his role at the end of October, the Interior Department said in a statement on Wednesday, without giving a reason for his departure or saying how the vacancy would be filled.The Washington Post reported earlier Beaudreau was leaving after two years in the number two spot and a total of 10 years at the agency to spend more time with family.Earlier this year, Beaudreau signed the final approval for a scaled-back version of ConocoPhillips' (COP.N) $7 billion Willow project to drill for oil and gas in Alaska…

A tropical cyclone smashed into Australia's northwest coast as a category 5 storm, setting new wind speed records, but has largely spared populated regions including the world's largest iron ore export hub at Port Hedland, authorities said on Friday. Cyclone Ilsa made landfall early Friday morning with the highest intensity rating on a 1-to 5 scale and then moved inland as emergency crews urged several remote communities along the storm's path to seek shelter and remain indoors."Port Hedland ... escaped the brunt of the cyclone at this stage.

Australia's northwest region, home to the world's largest export hub for iron ore, could be hit by the most powerful tropical cyclone there in a decade as ports cleared ships and residents rushed to stock up on essential supplies. Cyclone Ilsa, located about 300 km (186 miles) off Australia's coast in the Indian Ocean, is expected to make landfall as early as Thursday night as a category four storm - one rung below strongest category five - packing winds of up to 275 km per hour, the Bureau of Meteorology said.

BHP Group expects to receive three more bulk carriers powered partly by liquefied natural gas (LNG) in the next six to nine months, part of the company's plans to cut emissions from shipping, a senior executive said.BHP, which received its first two LNG-fuelled vessels earlier this year, has locked in some term supplies of LNG buffering the company from volatile prices and is studying the potential for biofuels, Fergus Eley, BHP's Head of Maritime Enterprise, told Reuters on the sidelines of the Singapore International Bunkering Conference and Exhibition (SIBCON) 2022.The world's largest miner and shipper of dry bulk commodities is targeting…

The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities, rose for a second straight session on Monday on higher capesize rates, while other vessel segments stayed flat.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 28 points, or 1.6%, at 1,788 points.The capesize index gained 86 points, or 4.4%, at 2,041 points, on its best day in six.Average daily earnings for capesizes, which typically transport 150…

Woodside Energy Group, Australia's top independent natural gas producer, sees liquefied natural gas (LNG) prices staying high for a few years as the market adjusts to supply disruptions after sanctions on Russia for its Ukraine invasion."With the invasion, we are seeing the world try to move away from Russian hydrocarbons and that means that demand for LNG from places like Australia is up," Woodside Chief Executive Meg O'Neill said."We do expect ... prices to remain elevated for the next year…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to a more than two-week high on Thursday, driven by gains in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 97 points, or 4.53%, to 2,239 points, the highest since April 4.The capesize index jumped 273 points, or 20%, to 1,636 points, also a peak since April 4.Average daily earnings for capesizes, which typically transport 150,000 tonne cargoes such as iron ore and coal, increased by $2,266 to $13,571.Dalian

BHP Group unveiled the world's first liquefied natural gas-fueled bulk carrier vessel in Singapore on Monday, one of five vessels that the mining giant will take delivery of in 2022 as part of efforts to curb supply chain emissions.The 299-metre (981 ft) long Mt. Tourmaline Newcastlemax ore carrier was built by Eastern Pacific Shipping in China and stopped off in Singapore to take on LNG fuel. It will next head to Port Hedland in Western Australia to load iron ore that will then be shipped to customers in China.BHP…

Canadian firm Westshore Terminals said Thursday it had executed a deal with BHP Canada Inc., a subsidiary of BHP Group, to provide port services to BHP’s proposed Jansen Potash Mine in Saskatchewan. The agreement is subject to approval by the Board of BHP and execution by BHP, after which the agreement would still be conditional on BHP making a final investment decision on Stage 1 of the Jansen Project. These decisions are entirely within the discretion of BHP, Westshore said  Thursday.If the Jansen Project does proceed…

Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter.The world's biggest miner is reviewing its petroleum business and considering options including a trade sale, the report said, adding that the deliberations were still at an early stage and no final decision has been made."BHP does not comment on rumor or speculation…

BHP Group Ltd said on Thursday it completed its first refueling of a ship with biofuel this month in a trial run that is part of its efforts to reduce carbon emissions.It was also the first time that a ship has been refueled with biofuel in Singapore, the world's largest bunkering hub.A biofuel blend derived from certified sustainable feedstock sources such as cooking oil, crude tall oil and sewage sludge was used on April 4 to refuel the 81,000 deadweight tonne dry bulk carrier…

Coal deliveries to Australia’s Port of Newcastle, the world’s biggest coal export port, have been halted because flooding in the Hunter Valley region has shut rail lines, with heavy rains also slowing ship movements at the port.Heavy rains along Australia’s east coast over several days have caused the worst flooding in half a century, with thousands of people being forced to evacuate their homes.

Benchmark Asian iron ore futures rose on Thursday as data showed monthly shipments of the steelmaking ingredient to China from Australia's Port Hedland dropped to the lowest in two years.Shipments from Port Hedland, the world's biggest iron ore export hub, totalled 30.73 million tonnes in February, when top steel producer China typically imports less due to the Lunar New Year holidays.That is the lowest since March 2019 and compares with 35.6 million tonnes in January and 33.3 million tonnes in February last year…

Iron ore shipments to China from Australia's Port Hedland rose by 16% in December from a month earlier, despite a short weather-related shutdown, the Pilbara Ports Authority said on Friday. Iron ore exports to China rose to 40.0 million tonnes from 34.44 million tonnes in November, data from the authority showed. Total iron ore exports from Port Hedland rose to 46.5 million tonnes from 41.61 million tonnes in November. Strong shipments from the world's largest iron ore export…

U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S. Gulf Coast on Sunday, two days after Hurricane Delta barreled through the area.Chevron Corp, Royal Dutch Shell Plc and BHP Group were returning workers to production platforms in the U.S.-regulated northern Gulf of Mexico, the companies said.BHP expect[ed] to complete the return of workers to its Shenzi and Neptune production platforms on Sunday, spokeswoman Judy Dane said…

Energy companies were securing offshore production platforms and evacuating workers on Tuesday, some for the sixth time this year, as a major hurricane took aim at U.S. oil production in the Gulf of Mexico.Hurricane Delta, the 25th named storm of the 2020 Atlantic Hurricane season, was churning in the Caribbean with sustained winds of 140 miles per hour (225 kph), already a dangerous Category 4 storm that is expected to scrape across Mexico's Yucatan peninsula and re-enter the…

Australian defense personnel are being deployed to Port Hedland, one of the world’s largest iron ore loading ports, to help contain a coronavirus outbreak on a bulk carrier that last changed crews in the major seafaring city of Manila.Seventeen of the 21 crew from the Patricia Oldendorff carrier have tested positive for the virus, ship owner Oldendorff Carriers said in a statement.Ten of the infected crew members have been moved to hotel quarantine, and seven remain on board as part of a nine-person crew, authorities said.Oldendorff said the crew change on September 5 in Manila complied with all protocols.“All crew members tested negative for the virus before leaving the Philippines…

BHP Group is in talks with three companies for the supply of liquefied natural gas (LNG) to fuel five ships it plans to use to transport iron ore between western Australia and China, a senior company executive told Reuters.A contract is expected to be awarded next month after an initial 8 to 10 firms vied for delivery of the super-chilled fuel to the miner over 2022 to 2027, Rashpal Bhatti, BHP's vice president for maritime and supply chain excellence told Reuters.BHP earlier…

As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will take longer and prove more costly this year because of COVID-19.Well shut-ins typically last a few days or weeks at most, but oil companies have adopted stringent virus precautions for refinery and offshore staff, including frequent health checks, travel restrictions, onsite protective gear, and…

Australia's shipments of iron ore to China from the world's top export hub of Port Hedland jumped to 38.7 mln tonnes in April, data from the port authority showed on Friday.Shipments were up by 10.6% from a year earlier, although they shrank by 4.2% from March's figure of 40.43 million tonnes, the data showed.

Miner BHP Group said on Tuesday it plans to expand its iron ore export capacity from Port Hedland, the largest global shipping hub for the steel-making commodity, by up to 40 million tonnes a year to 330 million tonnes a year.The move comes as improvements across BHP’s supply chain have opened the way to raise shipments if market conditions allow, Tim Day, BHP’s Acting Asset President Western Australia Iron Ore, said in a statement.The company has begun community consultation…

The Baltic Exchange's main sea freight index declined on Friday as lower rates for capesize and supramax segments offset gains in the panamax category.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, dropped 16 points, or 3.7%, to 415.The main index has lost nearly 14.8% this week, its ninth consecutive week of decline.The capesize index fell 47 points to a negative 234, down for the 41st straight session.Average daily earnings for capesizes…