U.S. hopes for new gas supply basin on shaky groundChevronTexaco, Shell Canada abandon costly wells off Canada’s East Coast, but remain confident about area’s potential; Marathon partnership not sure deepwater wildcat discovery is commercial; June call for bids cancelled Gary Park PNA Canadian Correspondent
Setbacks have outnumbered successes in the hunt by some of the world’s most skilled offshore operators for new, long-term natural gas supplies off Canada’s East Coast to serve the burgeoning U.S. Northeast market.
Even for those who believe exploration wells in such a geologically and environmental....
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