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DOUBLING DOWN ON SHALE Shells Permian shale assets are already cash flow positive with breakevens on operated assets of 35b which beats 75 of operating results from the sector according to the company In the US both Chevron and Exxon continue to double down on efforts to chase volume growth from shale despite the weaker price environment
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CEO Roberto Castello Branco of Brazil’s Petroleo Brasileiro SA at his recent swearingin ceremony said the stateowned energy giant needs to divest natural gas assets and end its domination of
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