Freedom From Gazprom Tempts Ukraine as Exxon Hunts Shale

Royal Dutch Shell Plc, Exxon Mobil Corp., and Chevron Corp. – three of the world’s four largest oil companies – bid last week for Ukrainian exploration rights. “Ukraine is low-hanging fruit,” said Bertrand des Pallieres, chief executive officer of Cadogan Petroleum Plc. “Ukraine has well-known basins that have been totally undermanaged and underinvested,” he said. “There is a consensus in the industry that its potential is great...

Read more: Bloomberg 2/04/2012