BHP's board approves funding for BP-led U.S. oil project
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(Reuters) - BHP Group, the world's largest miner, said on Wednesday its board has approved $696 million (540 million pounds) in funding to expand production at the BP PLC-led Atlantis oil project in the U.S. Gulf of Mexico. The move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico, including additional oil in the Atlantis field. BP said the total cost of developing the project would be around $1.3 billion. BP has a 56 percent..