"This has happened before, and the industry adapts, but the adaptation is one of slashing people, slashing projects and reducing costs wherever possible, and that's painful for our staff, painful for companies and painful for the country. The industry is in a bad way, Best Doji
'Everyone is retreating' "It's almost impossible to make money at these oil prices", Mr Allan, who is a director of Premier Oil in addition to chairing Brindex, told the BBC. "It's a huge crisis." "This has happened before, and the industry adapts, but the adaptation is one of slashing people, slashing projects and reducing costs wherever possible, and that's painful for our staff, painful for companies and painful for the country. Best Doji
The UK's oil industry is in "crisis" as prices drop, a senior industry leader has told the BBC. Best Doji
no doubt the companies being hit by the oil price collapse will cut back on exploration, think Premier oil and Tullow is the tip of the iceberg. Best Doji
Tullow Oil is to write off $2.2bn (£1.45bn) as a direct result of the oil price collapse....like I stated it's bad out there PI's....Best Doji
Should RRL go into admin that would be a great opportunity for LGO to cherry pick some of the assets whilst oil is on it's ass, cheap! I suspect NR is keeping a close eye on events at RRL. Best Doji
Celtic you have got a seriously bad case of StockHold Syndrome....BoD plan? I suspect they do have a plan but maybe you should now consider the alternative here. Best Doji
Don't think Lind will be sweetened at all, not one bit. like Carve states they stand a better chance of getting more back if they keep to there script. Best Doji