A seismic shale gas injection

Sinopec and Total's shale gas deals can only be interpreted as a big vote of confidence in the sector's future, and will bolster confidence in BHP's own play.

Overnight, China’s Sinopec and France’s Total announced deals worth nearly $US5 billion that would have brought a smile to Mike Yeager’s face.

Last year the BHP Petroleum chief executive plunged nearly $US20 billion into a massive US shale gas play that has generated considerable scepticism, in terms of both its economics but more particularly its politics.

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