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Calling it quits in Poland
ConocoPhillips (ticker: COP) has joined the ranks of oil majors saying “no more” to shale gas development in Poland. Tim Wallace, ConocoPhillips country manager in Poland, said the company would not continue shale gas development in Poland, reports Reuters.

“We understand the disappointment surrounding this difficult decision,” said Wallace, but “unfortunately, commercial volumes of natural gas were not encountered.”

COP said its subsidiary Lane Energy Poland has invested around $220 million in Poland since 200...

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