Capital Constraints Lead ExxonMobil To Raise Focus On Giant Guyana Development

During the course of this year’s latest oil bust, we have seen upstream companies engage in a variety of strategies to remain profitable and struggle through to the next boom time, which they know by looking at history will inevitably come along. Those strategies include cutting costs wherever possible, reducing work force, streamlining processes and eliminating redundancies, adopting new technologies, and, as we have seen over the past few months, executing mergers and acquisitions.

Pretty much every upstream

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