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Global Shale Fail: Oil Majors Leaving Fracking Fields Across Europe, Asia

Global Shale Fail: Oil Majors Leaving Fracking Fields Across Europe, Asia

Steve Horn reports for the DESMOSBLOG.COM

With some analysts predicting the global price of oil to see another drop, many oil majors have deployed their parachutes and jumped from the hydraulic fracturing (“fracking”) projects rapidly nose-diving across the world.

As The Wall Street Journal recently reported, the unconvetional shale oil and gas boom is still predominantly U.S.-centric, likely to remain so for years to come.

“Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC have packed up nearly all of their hydraulic fracturing wildcatting in Europe, Russia and China,” wrote The Wall Street Journal.

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