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Corporate week in brief: Apache's difficult balancing act at Alpine High
Report summary
Lead stories: Apache sell off highlights market aversion to capital intensity. Macro: Brent nudges up; oil and gas shares lack direction. Companies: Shell and Total make additional moves into renewables; capital markets' attitude towards financing carbon intensive fossil fuels continues to harden. Exploration: Anadarko, Tullow and Total beef up their frontier acreage holdings; Chevron pulls out of ultra-frontier drilling programme in Australia.
Table of contents
- Macro: Brent, oil and gas shares
- Lead stories: Apache
- Companies: Shell and Total
- Exploration: Anadarko, Tullow, Total, Chevron
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