1. BHP in Talks to Sell Petroleum Business to Australia's Woodside

    BHP in Talks to Sell Petroleum Business to Australia's Woodside

    (Reuters) - BHP Group Ltd is in talks to sell its petroleum business to Australia's top independent gas producer Woodside Petroleum Ltd in exchange for shares, the companies confirmed on Monday. The world's biggest miner BHP also said it had begun a strategic review of the business — made up of assets in Australia, the Gulf of Mexico, Trinidad and Tobago, and Algeria — that analysts value at between $10 billion and $17 billion...

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    1. While discussions between the parties are currently progressing, no agreement has been reached on any such transaction.
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