BHP to buy US shale gas assets for £2.9bn

Anglo-Australian mining company BHP Billiton is set to buy £2.9bn ($4.75bn) of shale gas assets from US firm Chesapeake Energy. BHP will take a stake in the shale field in Fayetteville, Arkansas which currently produces more than 400mn cubic feet (11mn cubic meters) of natural gas per day. BHP Billiton chief J. Michael Yeager said: […]