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.


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