Natrual Gas Mining News

BHP closes $1.63bn stake sale in Aussie gas venture to PetroChina

The news comes less than two months after operator Woodside shelved the project in its current form.

BHP Billiton takes $2.84 billion hit on shale gas asset

Record low gas prices in North America will result in BHP Billiton (NYSE:BHP) taking an impairment of US$2.84 billion (before tax) against the carrying value of the Fayetteville shale gas assets acquired from Chesapeake Energy in February 2011.