Oil and gas industry giants gathered this week in Pau, an historic city in southwest France, to discuss the future of deepwater drilling.
Over the course of the three-day MCE Deepwater Development (MCEDD) conference hosted by Total and sponsored by Shell, hundreds of industry professionals focused on how to cut costs during a time of record-low oil prices.
As Total described in a letter announcing the annual conference: “Our common objective is to reduce costs significantly in order for deepwater to remain competitive.”
The North Sea oil and gas industry is the gift that keeps on giving when it comes to emitting dangerous greenhouse gases.
Shell and Exxon are packing up and moving out of the famous Brent...