Russia thinks it hurts shale with this price dessert but shale is going to hibernate, regroup and start right where it left off when this started. The real victims are the many expensive projects that just scraped by at USD 50 not really making money but hoping for better times. Those must reassess their portfolio just as ENI does not. besides, this is a great opportunity to get out of any project where the NOC partner has irked you for a long while. Blame it on COVID-19.
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