New majors, new mergers greet the new millennium

The history of the oil and gas industry through the 1980s has been described as the greatest industrial epic of our time. As the 1990s come to a close, its history to date would not be complete without comment on the new dominant players, privatization, and the landmark consolidation activity. And perhaps as we enter the next century a most important question to consider is this: How will these significant developments help define the industry going forward?The quest to control the world's oil industry has been the subject of best-selling books and popular documentaries. Once dominated by the giant, private oil companies or the Seven Sisters and then by the Organization of Petroleum Ex...

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