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Article: IOCs consider theories of evolution.
- Article from:
- Petroleum Intelligence Weekly
- Article date:
- May 14, 2007
CopyrightCOPYRIGHT 2007 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The international oil companies (IOCs) are hardly an endangered species, but they are certainly in a period of evolution, with state-owned national oil companies (NOCs) in the ascendant thanks to high prices and their control of access to resources. Exactly what the IOCs are going to become, and how many of them will survive likely further rounds of consolidation, won't be known for some time, but the relationships among IOCs, NOCs, service companies and consumers will be quite different in the future, industry experts speaking at the recent Offshore Technology Conference in Houston suggested. The only certainty, according to Mark Green of consulting firm Accenture, is ...
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