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Significance
With weaker oil prices possible next year, investors see better prospects in technologies and energy sources aligned with the green transition. While US shale output is set to grow, companies in the sector are likely to retain defensive corporate strategies.
Impacts
Divestment of non-core hydrocarbons assets by oil majors could provide opportunities for smaller shale players.
The outlook for US oil services companies is improving but the business environment will remain very competitive.
The shale sector is aware that investor perceptions of value growth are switching heavily towards energy transition technologies.
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2021
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