For oil majors, U.S. is a gas
Date: Tuesday, November 29 @ 05:38:36 PST
Topic: Production; Extraction; Exploration
The world's three largest energy companies are intensifying their hunt for natural gas in the U.S., reversing a years-long trend, according to a media report Tuesday. Exxon Mobil Corp. (XOM), BP Plc (BP)(BP) and Royal Dutch Shell Plc (RDSARDSA)(RDS.A) have been drawn back to the U.S. by high natural-gas prices, advances in extraction technology and increasing competition for resources abroad, The Wall Street Journal reported in its online edition.
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