BHP Billiton (BHP) follows BP and Encana and writes down the value of the U.S. shale gas assets...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor

BHP Billiton (BHP) follows BP and Encana and writes down the value of the U.S. shale gas assets that it bought last year from Chesapeake by $2.84B, due to low gas prices. BHP also takes a charge of $450M on the value of its Australian nickel assets for a combined writedown of $3.29B. Significantly, BHP leaves the value of U.S. shale oil and gas assets bought from Petrohawk unchanged. (PR)