Almaty — Royal Dutch Shell abandoned two projects off Kazakhstan after stubbornly high costs made them uneconomic.

Shell has exited the Khazar field, while North Caspian Operating — a joint venture including Shell — has quit the Kalamkas-Sea project, according to TOO PSA, an entity run by the Kazakh energy ministry. The retreat from the fields — both in the Kashagan area — reflects an industry-wide push to cut break-even costs as mega-projects give way to smaller endeavours with quicker returns...

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