It will be interesting to see what impact, if any, the...

It will be interesting to see what impact, if any, the Shell/PetronChina bid for Arrow has on the sector.

Tghe AFR is reporting today that arrow and shellpetrochina could unveil a revised agreed scheme of arrangement as early as today.

Apparently the parties were close to a deal last night after two weeks of negotiations.

Arrow, no surprise, wants more money.

Also says the rising demand for lng in china is not lost on shell.

Merrill Lynch believes that dmeand for gas in china could grow to 60 million tonnes a year.

Should be an interesting day.