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Cheap Oil Sours Big-Ticket Energy Projects

2015-01-30 08:39:28| Oil & Gas - Topix.net

As Chevron Corp. closes in on its long-elusive goal of pumping more oil, another target is slipping away: Boosting profits. Chevron's drive to increase its oil-and-gas production, the most ambitious among the world's giant energy companies, is beginning to show results, with two major deep-water projects in the Gulf of Mexico starting up late last year.

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