By Selina Williams
LONDON--U.S. oil major Chevron Corp. said Saturday it would stop
exploring for shale gas in Poland, joining other companies that
have pulled out of the sector and dashing hopes for the nascent
shale industry in Europe.
Chevron confirmed in a statement that its Polish unit has
decided to discontinue shale-gas operations in Poland as the
opportunities no longer compete favorably with other opportunities
in Chevron's global portfolio.
Exxon Mobil Corp., Total SA and Marathon Oil Corp. have also
stopped shale-gas exploration in Poland.
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