Oil companies lose steam in their search for oil and gas
Only 174 new oil and gas fields were discovered last year, the lowest level in 60 years, reports the Financial Times. The downward trend is partially attributed to the fact that major fields have become harder to find.
BY RITZAU FINANS
The oil companies' search for oil has slowed down. Only 174 new oil and gas fields were discovered last year, which is the lowest level in 60 years, reports the Financial Times.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Oil output is diving – but what about the US?
For subscribers
Wood Mackenzie: Twice as many new oil projects this year
For subscribers
North Sea clean-up could cost the UK billions
For subscribers
