After nearly six years from the end of the deepest global financial and economic crisis of the postwar period, growth continues to be slow and uneven in advanced countries.
The coordinated and terrible terrorist attacks in Paris on Friday (13 November) night has led to the tragic loss of more than 125 lives. Given the large number of those who were seriously injured, the death toll may unfortunately rise further. Our sympathy and thoughts go out to the victims and their families.
The sustained low oil price during the last year has been a painful experience for the European E&P sector. But it has also been the catalyst for a much-needed change in mindset, prompting management teams to address the operational inefficiencies, bloated budgets and poor capital allocation that eroded returns and investor confidence before oil prices fell.
