Oil and gas exploration and production (E&P) firms globally could generate combined cash flows of a record $1.4 trillion this year, thanks to high prices in the ongoing readjustment in the energy markets, Deloitte said in a new report on Thursday. High oil and gas prices and financial discipline have turned the tide for the global upstream industry, and its efforts at capital discipline have paid off, Deloitte said. Capital discipline has resulted in the oil and gas industry being “in one of its healthiest periods currently,…
