Speaking at the Barclays CEO Energy-Power Conference in New York City, BHP Billiton President Petroleum and Potash Tim Cutt said the company would prioritise highest-return opportunities in petroleum. He outlined that there will be a focus on deep-water developments in the Americas, and the shale liquids business. This means that the company’s ‘greenfield gas’ business is lower priority.
BHP Billiton backs international developments
