Posted by Jordan Blum: Date: May 05, 2016
The oil and gas sector largely has itself to blame for the financial hemorrhaging many energy companies now face, said Harry Brekelmans, Royal Dutch Shell’s projects and technology director.
Rather than just low price of oil, redundancies, cost overruns and inefficiencies throughout the supply chain have made the industry far too inefficient during years of growth with $100 per barrel oil, Brekelmans said at at the Offshore Technology Conference in Houston.