Oil & Gas Companies: Continuing to Adapt
The future of the oil and gas industry in the Gulf of Mexico and when it will rebound has been a guessing game. Over the summer, optimism was boosted, driven by higher oil prices, a strong UK offshore lease sale, new oil discoveries in the U.S. Gulf and announced final investment decisions (FIDs) for previous discoveries in the deepwater sector. Oil companies say they have reduced breakeven costs to make projects financially viable based on future oil price estimates. This session will discuss how oil companies are adapting to the changing market.