EXPLORATION

IHS sounds exploration warning

THE lack of new oil and gas discoveries over the last two years is the worst drilling rate for more than 60 years, a function of reduced drilling budgets and more challenging exploration jurisdictions.

IHS sounds exploration warning

According to new data from research group IHS Markit there were only 174 oil and gas discoveries worldwide last year, compared to an average of 400-500 per year up until 2013.   Discoveries hit a six-decade...

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