BUSINESS

How oil and gas firms can thrive in a smaller profit pool

Business, Juan Carlos Gay, Dale Hardcastle & Sharad Apte, Published on 22/06/2018

» Buoyancy has returned to the oil and gas industry as prices stabilise in the range of US$50 to $70 per barrel. Capital spending is rebounding and new upstream projects are being launched weekly. In previous cycles, this is about the point where executives forgot the hard-won lessons of the downturn and began to spend again, pursing growth at the cost of efficiency.