Australian oil and gas exploration spending crashes

THE LATEST data from Australian Bureau of Statistics showed Australian oil and gas exploration spending had fallen to near two-decade lows over the June quarter, but it is not all bad news, with overall spending for the financial year relatively unchanged from last year.

Australian oil and gas exploration spending crashes Australian oil and gas exploration spending crashes Australian oil and gas exploration spending crashes Australian oil and gas exploration spending crashes Australian oil and gas exploration spending crashes

 

Despite the oil and gas industry taking a dual kick to the teeth over the last six months ending June 30 - with both the oil price crash caused by the Saudi-Russia oil price ‘war' and the