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Oil Industry No Longer Discovering Oil, Only Growing Through M&A - OilPrice.com
Bloomberg | Oil Industry No Longer Discovering Oil, Only Growing Through M&A OilPrice.com It is becoming increasingly difficult for the oil majors to discover new sources of oil. The industry is in a state of crisis and could be at a turning point. Low oil prices have made a large chunk of yet-to-be developed oil fields unprofitable. That ... Oil price slump is a good thing for explorers, says report Oil Majors Must Count on M&A to Replenish Reserves, WoodMac Says Conventional oil discoveries at lowest in decades |
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