) did not book sizeable impairments. But an ongoing re-evaluation of its plans could lead to a “significant portion” of its assets being impaired, it reported, and signal the elimination of 20% or 4.4 billion barrels of its oil and gas reserves.
Weak demand means oil producers must revisit business plans, said Lee Maginniss, managing director at consultants Alarez & Marsal. He said the goal should be to pump only what generates cash in excess of overhead costs.
Oil giants crushing to collapse supply to increase prices... CRIMINALS...
The oil giant should be like a ai robot
This news makes me so happy.
(this Woman that singles out the Hurt) .. oh wait .....
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