As global markets reel in the wake of the oil price crash, Wood Mackenzie’s Tom Ellacott said, “The price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s
Exploration
Oil prices plunge on failure of OPEC/non-OPEC talks
Oil prices have plunged following the collapse of the OPEC/non-OPEC talks on production cuts and Saudi Arabia’s subsequent announcement that it will increase production from next month
OPEC Conference recommends production cuts
The OPEC Conference has recommended an extension of the adjustment levels agreed at the last OPEC and non-OPEC ministerial meeting and a further reduction of 1.5 mn bpd until 30 June
Turbo-charged growth for Deep Casing Tools
Leading oil and gas technology development company Deep Casing Tools (DCT) has increased turnover by 120 per cent in 2019 after strategic growth plans saw the company expand its headcount and footprint in major international regions
ExxonMobil proposes methane regulations framework for oil and gas industry
Oil and gas company ExxonMobil has released a model framework for industry-wide methane regulations
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