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GAS-PROJECT

The Wire

Exxon and BHP announce big Australia gas project

A subsidiary of ExxonMobil Corp. and BHP Billiton Ltd on Friday announced a $1.25 billion project to tap oil and gas reserves in Bass Strait off southern Australia.

Australia Approves Gorgon Gas Project

Australian officials gave the green light Wednesday to the giant Gorgon gas project off the coast of northwestern Australia, clearing the way for Chevron Corp. and its partners to develop the country's second liquefied natural gas plant — but with strict environmental conditions.

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