Kloppers’ $12bn shale deal shifts BHP focus

BHP Billiton has signalled the scale of its ambitions for shale gas, a controversial fuel that is contributing to a gas glut in the US.
 
A deal announced on Friday, in which it agreed to pay $12.1bn for Houston-based gas developer Petrohawk, stands to tilt earnings at the world’s biggest mining company more towards oil and gas. ... Read full article