New majors, new mergers greet the new millennium

12/13/1999
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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