Chevron halts effort to explore Beaufort
New York (AFP) Dec 18, 2014 - Chevron has suspended plans for Arctic exploration offshore Canada due in part to uncertainty following the drop in oil prices, the company told regulators this week. Chevron said plans for exploration in the Beaufort Sea were "on hold indefinitely" due "to a number of factors, including the level of economic uncertainty in the industry," according to a letter the US energy giant sent Wednes ... more
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