Wednesday, 29 June 2011

Halliburton eyes Polish shale (Investor's Business Daily)

The oilfield services company sees growth potential in Poland, where a basin shale gas has attracted the attention of major oil companies, a Halliburton (NYSEHAL -: News) Executive told Reuters. Drilling activity is seen picking up the next year, and the company is scheduled to begin drilling a well for Chevron (NYSE:CVX - News) in the third quarter. In may, the Polish Government said it had been engaged to shale gas, despite environmental concerns related to hydraulic fracturing. Shares rose to 2.3% to 49.82.


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