Europe's leading oil companies are reportedly forming a new generation of independent oil and gas producers, which have been dubbed 'SmashCos'. These jointly owned independent companies are emerging as an increasingly significant part of the strategic approaches adopted by the industry's biggest players.
Europe's Oil Majors Form New Independent Companies, Dubbed 'SmashCos'
UKPulse Money DeskEuropean oil majors are reportedly creating a new generation of independent oil and gas producers, known as 'SmashCos'. These jointly owned independent companies are becoming a key part of the strategies of the biggest players in the industry.
- European oil majors are establishing new independent oil and gas companies.
- These new entities are being referred to as 'SmashCos'.
- Jointly owned independent producers are an increasingly important strategic component for major oil companies.