Environmental rules to spark oil, gas consolidation: report

May 14, 2013 | 10:13 AM | Thorsten Schier

Tags  oil, gas, consolidation, energy, GL Noble Denton, Thorsten Schier

NEW YORK — The oil and gas industry will likely consolidate as tougher environmental regulations take hold, according to an industry survey conducted by oil and gas technical services provider GL Noble Denton.

"Industry consolidation is a likely consequence of the spiraling compliance costs and administrative workloads resulting from reforms," according to a report from the London-based company, which noted that companies will likely require more employees to help them comply with regulatory agency requests, a development that....

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