Shell, PetroChina Offer $3B For Aussie Gas Mining Outfit

Law360, New York (March 8, 2010, 3:10 PM EST) -- A unit of energy giant Royal Dutch Shell PLC announced Monday its part in a joint bid for the Australian operations of coal seam methane gas miner Arrow Energy Ltd. for a reported AU$3.3 billion ($3 billion).

Chinese state-owned oil and gas company PetroChina Co. Ltd. is collaborating with Shell Energy Holdings Australia Ltd. on the proposed joint venture, according to Oil and Gas Journal.

Shell did not name a proposed partner in its brief statement, which added that the discussions “may or may not lead...
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