The strain of low oil prices will lead to cancellation or suspension of investments worth $257billion in the oil and gas industry over the next two years and could create inducements for mergers and acquisitions, according to Wood Mackenzie, a Global oil sector consulting firm.
A breakdown of this indicates that investments worth $112bn will be cancelled or suspended in 2015 while another tranche of $145 billion will be affected in 2016.
No comments:
Post a Comment