Shale Hopes Dented By Exxon's DepartureJune 2012 | Industry News
In a worrying development for Europe's shale gas industry, oil major ExxonMobil has abandoned its exploration activity in Poland. The departure raises fears that some of the country's most promising plays may be too 'tight' to enable commercial production. While Exxon heads for the exit, other oil majors such as ConocoPhillips remain committed to shale gas exploration, while local players are lining up to support majority state-owned PGNiG 's ambitious drilling plans.
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