The return of growth

IT’S not often that it can be said that an industry has reached a watershed moment, but as Slugcatcher digested last week’s profit statement from Santos and looked forward to this week’s results from Woodside and Oil Search he saw clear signs of the new normal for oil and gas.

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Almost three years after the oil price crashed from $US120/barrel to less than $40/bbl, triggering a dramatic shake-up in the way oil companies operate, there are hints of stability returning with