BHP's shale asset shift

With significant pressure from its shareholders after its $US20 billion plunge into US shale, BHP has signalled a significant change to its short-term shale strategy – it will be watching the investor reaction closely.

BHP Billiton’s petroleum chief executive Mike Yeager was expected to defend the group’s $US20 billion plunge into shale gas in the US when he fronted the Australian Petroleum Production and Exploration Association conference in Adelaide today and did, confirming a significant shift in BHP’s short-term strategy for exploiting its shale gas reserves in the process.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles