Santos is seeking buyers for a share in its $2 billion Dorado oil project offshore Western Australia and energy consultancy Rystad Energy expects BHP will be looking closely at the asset.
US-based EOG Resources will make its first foray in Australia after buying 100% stake in the high-risk Beehive prospect that could hold up to 1.4 billion barrels of oil equivalent (boe). Beehive is potentially the largest undrilled hydrocarbon prospect in Australia.
EOG Resources saw its quarterly revenues spike by more than one-third as the Houston oil and gas producer reported an $893 million profit for the fourth quarter, falling a bit shy of analysts' expectations.
