BP becomes front-runner to buy BHP's US shale assets
BP has emerged as the front-runner to buy BHP Billiton's onshore oil and gas operations in the US, according to a person familiar with the matter. The London-based oil giant has made the highest offer for the assets, which BHP prefers selling in a single package, said the person, who asked to not be identified because the matter isn't public. A deal hasn't been completed and it could be weeks before an agreement is reached, the person said. According to Reuters sources, BP has offered...