Independent Resources Plc
Serica Energy
Resaca
Coastal Energy Co

Find out more about Subscribing Companies
Unique access to oil and gas
investors. Global distribution
of company news.
Find out more.
Sign up for our free weekly newsletter
Informed comment and independent news delivered
by email every week.
Sign up here.
Find out more about Oilbarrel Forums
Management and investors
are brought together at our
investor forums.
Find out more.
Bulletin Board
Join other informed investors.
Debate oil and gas companies.
Visit Bulletin Boards.
Master Investor 2010
Bishopsgate Communications
OPUS
Natural Gas Partners
Palantir Economic Solutions
BDO
Global Pacific & Partners
People of the Day
Excellence in Oil and Ga 2010
Internation Oil, Gas and Energy Expo 24th-25th Feb 2010
Pakistan Oil, Gas and Energy Exhibition 2010
World National Oil Companies Congress 2010
World LNG Markets 16th-17th June 2010
Oil & Gas West Asia 2010

News


December 03, 2008

Island Oil & Gas Seeking Quick Wins To Negotiate Gloomy Economic Conditions



A lot of companies are battening down the hatches in readiness for what is shaping up to be a difficult year ahead. Banks are nervous about lending, economies are shrinking and demand for oil is falling. The oil barrel price has sunk US$100 since the summer months.

Island Oil & Gas unveiled its own strategy yesterday to cope with these uneasy conditions, announcing a bundle of measures including asset sales to generate short-term cash, as well as a growing focus on international opportunities in Eastern Europe and North-West Africa.

Island’s CEO Paul Griffiths said independent E&P companies must now learn to live with these “new economic realities” and called on management teams to be “both creative and aggressive” in order to survive.
<br...

Restricted Area

Please login or register (FREE, quick and easy) to read the full article.