The Guardian | Chevron drops oil push in Great Australian Bight MarketWatch MELBOURNE, Australia-- Chevron Corp. has abandoned plans for deep-water exploration wells off Australia's southern coast, the second oil major to be squeezed out of the Great Australian Bight, citing low oil prices. The U.S. company said its ... Chevron abandons plan to drill for oil in Great Australian Bight Chevron quits frontier project as Australian oil exploration hits 30-year low Chevron abandons drilling plans on Great Australian Bight, company blames low oil prices |