Upstream Oil Prices and Costs: Economics or Behavioural Strategy?: The recent oil price downturn continues to force companies to rethink their business models. As a strategy to stay afloat, players in the upstream oil industry – oilfield service companies in particular – continue to engage in activity cutbacks, service price renegotiations, cancellations and postponements of future service commitments. Left unchecked, heuristics may continue to undermine strategic decision-making. Download paper here

 

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