The Ministry of Land and Resources have initially offered four exploration permits to six Chinese companies to tap China’s potential shale gas resources. The other two areas offered for auction were annulled as less than three companies submitted ten...

BHP Billiton has bought Petrohawk for approximately US$ 12.1 billion. The transaction would provide BHP Billiton with operated positions in the three world class resource plays of the Eagle Ford and Haynesville shales, and the Permian Basin.