Original article by Matt Chambers
The Australian – Page: 16 : 6-Jan-15

Tim Cutt, CEO of the oil and gas division at Australian-listed resources group BHP Billiton, has reaffirmed plans to divest non-core operations and maintain an emphasis on shale assets in the US. The latter require capital investment worth $US4bn ($A4.95bn) a year, compared with just $US1.5bn for conventional energy projects, and had been purchased for $US20bn in 2011. The strategy is being followed despite the recent rapid decline in the global crude oil price

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