Activists block Chevron shale site in Romania

|About: Chevron Corporation (CVX)|By:, SA News Editor

Greenpeace activists block access to Chevron's (CVX -0.7%) shale gas exploration well in eastern Romania, chaining themselves to empty oil drums at the gates of the facility in a protest urging the country to ban fracking.

CVX, the first company to begin exploring for shale gas in Romania, hopes to put up more wells in the area and has said it does not plan to use fracking under its five-year exploration program.

Romania could potentially hold 51T cu. ft. of shale gas, which would cover domestic demand for more than a century.