Big role changes seen for major oil companies

04/03/2006
Publicly traded major oil companies’ greatest future contribution may be to supply exploration and production services to national oil companies, an energy consultant suggested Mar. 27.National oil companies increasingly are using a “might and market” strategy to outbid multinational majors for oil and gas reserves, said Joseph Stanislaw, a cofounder of Cambridge Energy Research Associates who now heads his own consulting firm.His view of “might” is the mobilization of national governments’ economic power, he told participants at the US Energy Information Administration’s 2006 energy outlook conference.“Combine that with a large market and y...
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