Woodside Petroleum’s bosses have given the green light to the development of the Trion field in the Gulf of Mexico: an ultra-deepwater project estimated to cost some $7.2 billion. According to Reuters, this is the first big investment Woodside Petroleum has committed to making since its merger with the oil and gas business of BHP. Woodside owns 60% of the Trion field with the rest held by Mexico’s Pemex—the field is in Mexican waters. The field was discovered back in 2012 by the Mexican company. Pemex, however, did not have the…
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