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Thursday, June 22, 2017 23:50 GMT
As the world witnesses spectacular growth in oil and gas production from the US shale deposits, the boss of French energy giant Total paradoxically says this is one area where he doesn't want to expand. Instead, chief executive Patrick Pouyanne told Reuters he can find an edge over rivals by going after cheaper reserves elsewhere, including from shale in Argentina and deep-water wells in the Gulf of Mexico, as well as through new gas technology. "Shale oil is too expensive," said Pouyanne, who...More