Fast and Lean: How North Sea Oil Is Taking Tips From U.S. Shale

By Eddie Spence (Bloomberg) --The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea. Motivated by lower crude prices and higher volatility, many companies are favoring smaller and nimbler investments known as “short-cycle projects.” That term -- first coined in American shale fields -- is now … [Read more...]