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BHP Billiton (BHP) is thinking about selling its U.K. petroleum operations, which include crude...

BHP Billiton (BHP) is thinking about selling its U.K. petroleum operations, which include crude oil and natural gas fields and a processing plant. The divestments would be part of BHP's strategy of narrowing the focus of its mining and energy portfolio, and follow other deals such as the proposed sale of an Australian gas-export project for $1.63B.
Comments (1)
  • Seth Walters
    , contributor
    Comments (676) | Send Message
     
    The US shale gas revolution has a long arm. Oversupply must be a pretty done deal if BHP is going to stick to the "safety" of iron ore.

     

    I don't think the fact that tight oil from the US is going to oversupply the world market says very good things about future US consumption. And I don't think that says very good things about the future US economy - especially vis a vis China's.

     

    Oh no, oh no, oh no.
    19 Dec 2012, 04:30 AM Reply Like
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