Global oil and gas industry seen performing well in 2007 – S&P

The global oil and natural gas (O&G) industry will continue to perform well in 2007, as it did in 2006, Standard & Poor’s Ratings Services (S&P) said.

The credit ratings of major oil companies are expected to remain stable during the year, after last year’s 14 upgrades and 11 downgrades, S&P said.