Best Production Growth For A Decade Heralds Positive Future For Oil And Gas

A report published last week by leading private bank, Berenberg, predicted a bright future for the oil and gas sector through 2019, with the companies benefiting from structural improvements in their businesses and stronger competitive positioning combined with a strong macro environment.

Henry Tarr, lead oil and gas analyst at Berenberg explained that the sector has restructured through the downturn, improving efficiency, driving costs lower and increasing returns on future projects.  “The oil and gas majors are delivering the best production growth for well over a decade into an improving commodity price environment, which should drive substantial free cashflow generation from the group,” he said.

 

Solo Oil PLC (LON:SOLO) is an investment company with the target of acquiring a diverse global portfolio of direct and indirect interests in exploration, development and production oil and gas assets, both on-shore and off-shore.

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