Shale projects in Eastern Europe are being challenged by delaying tactics of industry majors. Media coverage of shale gas development is positive; but in Lithuania and Poland, global oil & gas companies are one by one dropping bids to explore for unconventional. Lack of business awareness and overdependence on preliminary estimates of shale reserves may also lead to the same result in Ukraine.Dark Days Ahead for Eastern European Shale?Photo Credit: Calin Tatu / Shutterstock.comU.S. energy major Chevron, the only bidder to explore for unconventional…
Read more... Reported by OilPrice.com 3 days ago.
Read more... Reported by OilPrice.com 3 days ago.