Industry must adapt to greener world: WoodMac

EXPLORATION and production companies are struggling and will need to change to adapt to a new scenario that undermines their businesses’ fundamental premise of always replacing and renewing resources, according to a white paper released today by consultancy Wood Mackenzie, authored by Dr Andrew Latham. 

Industry must adapt to greener world: WoodMac Industry must adapt to greener world: WoodMac Industry must adapt to greener world: WoodMac Industry must adapt to greener world: WoodMac Industry must adapt to greener world: WoodMac

New paper suggests 'profound change' afoot as replace and renew no longer watchwords to live by

"We are witnessing a profound change in conventional exploration's long-held role to replace and to renew resource. It has always been the industry's primary engine of growth.