Leases have been signed on tens of thousands of acres in southern Illinois. Studies have hinted at the potential economic payoff of drilling for oil and gas deposits deep underground. But so far, oil and gas companies have held off on high-volume hydraulic fracturing in Illinois because the state lacks ground rules for the industry.
BHP Billiton announced that Marius Klopper will retire as chief executive and director, after six years at the helm. Klopper will be replaced by the company’s chief executive of its non-ferrous metals division, Andrew Mackenzie.
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