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Upstream sector stabilises as prices lift

A sign of changing times

Recent times have seen a trend of rising oil prices and some are beginning to see signs of a fragile stability in the upstream oil and gas sector. Those of a more optimistic persuasion are identifying indications of predictability and a basis for investment in long-stalled prospects and a resumption of normal service in relation to day-to-day corporate activity. Processes of business adjustment and cost management are seen to have re-modelled a number of businesses to be appropriate for an environment of lower, or less volatile, petroleum prices. Those upstream companies which have been in thrall to their lenders or bond-holders are largely seen to have re-structured their businesses and th

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