--Anglo-Dutch oil company Royal Dutch Shell and U.S. private equity company Blackstone Group are working on a $10 billion joint offer to acquire miner BHP Billiton PLC's onshore U.S. shale assets, Sky News reports, quoting banking sources.

--According to Sky News, BHP has said it is weighing a sale or a separate listing for the division, which includes a number of fields in the Permian Basin in the U.S.

--The acquisition would accelerate Shell's plans to increase its exposure to shale, and partnering with Blackstone would give the oil company additional financing strength to secure the deal, reports Sky News.

Full story: http://bit.ly/2FtNm5N

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(END) Dow Jones Newswires

March 09, 2018 03:45 ET (08:45 GMT)

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