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Global oil and gas exploration grows but discoveries fall: Rystad

ENERGY consultancy Rystad Energy said investments in conventional oil and gas exploration were expected to reach up to US$50 billion this year, the highest since 2019, but discovered volumes were falling to new lows.

 Offshore-rig.jpg

Offshore-rig.jpg

It is a stark comparison to Australia's oil and gas exploration investment and spending.  Oil prices remained high over 2022, peaking at US$120 a barrel after Russia invaded Ukraine, before retracting...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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