Category Archives: BP

Learning From the Best: Chesapeake Joins Forces with BP

Total and BP have joined projects started by Chesapeake Energy, a shale-gas producer long on expertise and short on cash.

But the move to gas, and to shale-gas in particular, demands a shift in the majors’ business models. To keep the gas flowing from shale requires the rapid and repeated drilling of many small wells—quite a change for firms accustomed to making “binary” decisions, as one executive puts it, about whether to spend $1 billion over a decade developing a field. Continue reading

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