In a recent survey performed by Oil and Gas people in alliance with KPMG, more than 95% of the oil and gas workers reported that they suffered from financial problems due to the downturn in the oil industry. More than 50% of the respondents admitted an increase in debt over the years while 35% of...

As demand continues to increase, the global oil industry needs to look for another North Sea or Iraq to meet the shortage of supply, says Majid Zafar, CEO of Crescent Petroleum. The problem of underinvestment lies in the image of the oil industry developed over the years. People think that it is dying and not...