EXPLORATION

Big oil's sunset problem

THE international picture is even more dire than this week's reports that Australian exploration is at a two-decade low and cannot fall much further, with global declines in new discoveries now reportedly having reached a massive scale.

Haydn Black

In 2015 explorers globally found just a fraction of the oil discoveries that they have averaged since the 1960s, and that was thanks to exploration budget commitments that were largely set before the 2014...

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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.