Limited, has warned that sharply reduced investments in exploration and production activities could lead to lower future oil and gas supplies. In releasing its fourth quarter financial results, the company said: “The sharp drop in oil and gas prices due to lower demand, higher inventories and the belief that demand will erode further in 2009…
MARKETS: Schlumberger chief warns reduced investment could lead to lower oil and gas production
Posted on January 29, 2009 by EnergyAsia