North Sea News

A professional services giant will warn the oil industry that sweeping redundancies could ruin companies’ chances of cashing in when market conditions start to recover.

Previous crises show that planning for the upturn in activity is just as important as short-term access to cash, PwC will say in a forthcoming report seen by Energy Voice.

PwC’s report, “Resilience in adversity: Emerging from the Covid-19 crisis and adapting to the new reality in oil and gas”, also says the current predicament may “drive acquisition and divestment decisions” as firms review their portfolios.

Saturday Apr 18, 2020