Tag: downturn

Upstream industry will emerge from slump leaner, more efficient, more profitable – Wood Mackenzie

E&P discoveries break down to about 25% oil and 75% gas, while current global production if 67% oil and 33% gas…”future is more gassy” The upstream exploration sector is still grappling with the oil price downturn, but new research from Wood Mackenzie indicates that the industry is poised to emerge from the slump leaner, more efficient and more profitable. “Our research […]