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Up To Speed: Chevron bows to oil volatility, pulls back on Arctic drilling plan

2014-12-19 11:20:52| Oil & Gas - Topix.net

Chevron Corp. has decided to hold off on a major drilling initiative in the Canadian Arctic due to recent volatile oil prices. Reuters reported that this is the largest drilling project to be put on the shelf due to plunging oil prices, which have dropped to about half of what they were six months ago.

Tags: back plan speed oil

Category:Energy and Environment

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