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Arrow Energy, a joint venture between Shell (RDS.A) and PetroChina (PTR) offers to buy...
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Monday, August 22, 2011, 4:30 PM ETArrow Energy, a joint venture between Shell (RDS.A) and PetroChina (PTR) offers to buy Australian gas explorer Bow Energy for $543M, about a 70% premium to the market price. The giants have a massive LNG export facility coming online in 2017 and are in a grab for the resources to fuel it.
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