Through a radical shift in thinking, the company finds that success is repeatable with its ‘army of problem solvers.’
Simplification, standardization and collaboration are the new call to arms for the oil and gas industry.
The company reported a 58% drop in earnings for fourth-quarter 2015 over the same quarter last year, down to $2.8 billion.
Oil & Gas UK warns of tough times ahead for the North Sea, but projects due to come onstream offer a glimmer of hope.
The company is progressing with major upstream projects and becoming more efficient as it looks to grow production, sell assets and further reduce spending.