OPERATIONS

CHC CEO says Australian deepwater must be competitive with US shale

MOST of the upstream value chain, from producers to service companies, agrees on a few things: the oil price has recovered but that the sector has permanently changed, and that companies from juniors to supermajors will continue to reduce costs.

  Karl Fessenden

Karl Fessenden

Service companies cut to the bone during times when the price of Brent fell below $40 a barrel and have had to stay lean, divesting underutilised assets and mustering smaller fleets and more integrated...

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