Shaun Polczer, CALGARY: A new study carried
out by consultancy Ernst and Young has found that up to 37% of
global oil and gas companies are planning to shed assets and
divest interests in marginal plays over the next two
The firm’s annual Global Corporate Divestment
survey found that 17% of upstream respondents are in the
process of selling assets and another 20% are planning to do so
within the next two years. The survey results indicate a...