The crude price collapse has got oil and gas companies talking seriously about using large unmanned platforms more widely, an industry chief said today.
Oil and gas hedging protections for North American exploration and production companies is expected to plunge next year to just 11% of total production volumes, according to new research.
IHS Energy has warned many exploration and production companies could be left at risk of financial stress as a result.
The analysis assessed the amount of oil and gas hedging protections in place for 48 small, midsized and large North American companies for the second-half of 2015 and full-year 2016.
IHS found while overall hedging for second-half 2015 was largely unchanged from previous analysis one year earlier, North American exploration and production companies have a 28% of total production hedged for the remainder of this year.
