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Corporate week in brief: Apache's difficult balancing act at Alpine High

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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.

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    Corporate week in brief: Apache's difficult balancing act at Alpine High

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