Drips
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Business | Small oil firms DRIPS IN SPITE OF THE FASHION FOR SIZE IN THE OIL INDUSTRY, A LOOK AT BRITAIN’S SMALL EXPLORATION FIRMS SUGGESTS THAT BEING TINY STILL HAS ITS ATTRACTIONS ALTHOUGH
they would not admit it, the bosses of many of Britain's small oil-exploration and production firms are desperately worried. With the price of Brent Crude now around $12-13 a barrel
(see chart), having touched its lowest level in real terms for 25 years, the world's oil industry is being swept up in a wave of cost-cutting mergers and consolidation. Is there any
case for the minnows any more? This article appeared in the Business section of the print edition under the headline “Drips” ------------------------- BUSINESS September 19th 1998 * →The
prince and the pauper * →Creeping protection * →Net escape * →In America’s fiery furnace * →One down, more to go? * →Drips * →Hard to digest * →My other car’s a Bentley FROM THE SEPTEMBER
19TH 1998 EDITION Discover stories from this section and more in the list of contents ⇒Explore the edition