Let us start with two questions. Which of the following energy companies is planning to sell assets next year – Shell, ExxonMobil, BP, Total, Statoil, ENI? Answer – all of them. Which of those companies is planning to cut capital expenditure in 2014? Answer – all of them, with the sole exception of Exxon which is planning a modest increase. If you extend the list of companies the answers are the same. (Read more… http://blogs.ft.com/nick-butler/2013/12/03/time-to-create-a-new-oil-major/)
(English, Opinion, 2013)
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