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Chevron plans to cancel shale gas project in Romania

by ChemOrbis Editorial Team - content@chemorbis.com
  • 25/02/2015 (14:16)
Chevron is planning to cancel its shale gas project in Romania, according to media reports. The company reportedly stated that they intend to pursue relinquishment of its concessions in Romania as the company assessed the project financially unfavorable against other investments projects.

Previously, the company also cancelled several shale gas projects in Poland, Lithuania and Ukraine. In addition to Chevron, Eni, Talisman Energy, ExxonMobil and Marathon Oil have decided to give up their projects in Poland.
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