(EnergyAsia, July 30 2015, Thursday) — Some US$200 billion worth of upstream oil and gas projects have been put on hold amid the prolonged oil price weakness while the industry continues to reel from sharply lower returns on capital, according to two consultants.
UPSTREAM: US$200 billion worth of upstream projects frozen, return on capital down on prolonged oil price weakness, say consultants
Posted on July 30, 2015 by EnergyAsia