Chariot Oil & Gas chief executive Adonis Pouroulis kicks off a conversation with a sobering observation on the state of the industry in 2020.

At the start of the last decade, he notes, ExxonMobil was the biggest company in the world. In August, the US supermajor fell off the Dow Jones Industrial Average.

“You can imagine what’s happening in the junior oil and gas space,” he says. “It’s carnage.”

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