Uncategorized

Global oil exploration spend to drop further in 2018. Big wells mainly in deepwater

 

stena-carron-image-exxon-lnkdn-768x402Global oil exploration investments in 2018 are expected to be lower than in 2018, despite the rise in oil prices. Energy intelligence group Wood Mackenzie expects most oil companies will stay cautious and “well counts will remain stubbornly low.“

“Competition for the best opportunities will be fierce. However, the industry’s focus on reducing costs in the last few years is paying off and we should see better returns in 2018,“ Wood Mackenzie said.

Read more

Categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: