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OGJ Newsletter

05/12/2008
General Interest — Quick TakesOTC: Roundtable notes NOCs, IOCs lack trustBusiness with national oil companies (NOCs) is certain to grow over the next 5 years with 64% of delegates voting that this would happen at the Offshore Technology Conference’s Energy Roundtable May 7 in Houston. But this new dynamic is threatened by a lack of trust between international oil companies (IOCs) and NOCs, which could hinder oil and gas investment according to 64% of the attendees at the panel.Global energy demand is expected to rise by 1.2%/year until 2030 with NOCs and IOCs committed to meeting those needs: hydrocarbons will have an important role in doing so.Oil executives on the panel agree...
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