Lower levels of exploration investment in 2016: Wood Mackenzie
Wood Mackenzie forecasts that in 2016 the oil and gas industry will invest half of the levels seen in previous years and warns that the global oil market could face a supply shortfall of 4.5 million bpd by 2035, if exploration success doesn't improve.
Oil downturn will make oil majors leaner:Wood Mackenzie
The upstream exploration sector is still grappling with the oil price downturn, but new research from Wood Mackenzie indicates that the industry is poised to emerge from the slump leaner, more efficient and more profitable.
2015 marked lowest year for discovered oil and gas volumes: IHS
Volumes for conventional oil and gas discoveries made outside of North America have continued their multi-year decline, and the results are dramatic – just 12 billion barrels of oil equivalent (BOE, includes natural gas) estimated recoverable resources we......