BHP the latest resource company to write down shale gas assets

A multi-billion dollar write-down on US shale gas assets has forced the Chief Executive of BHP Billiton to forgo his 2012 bonuses.

A multi-billion dollar write-down on US shale gas assets has forced the Chief Executive of BHP Billiton to forgo his 2012 bonuses.

The FTSE 100 resources giant says it will have to take an eye-watering hit of $2.84bn in its full year results on a project in Fayetteville, Arkansas after falls in the price of domestic gas in the US.

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