Rystad Energy | Submar

Oil and Gas Prospects in 2020 Exceeded Billion Barrels

Global conventional oil and gas discoveries already exceed eight billion barrels of oil equivalent (boe) and are projected to settle at around ten billion boe by the end of the year, according to a new Rystad Energy analysis. About 3.75 billion boe, or 46 percent of total discovered volumes, are gas, while liquid volumes are

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Oil and Gas Companies Set to Lose $1 Trillion

The E&P industry, which includes oil majors, made $2.47 trillion in revenues globally last year, according to Rystad Energy. This year, it’s projected to bring in $1.47 trillion, reflecting a 40% decline year-on-year. It comes as the coronavirus pandemic and ensuing lockdowns cripple demand and force companies to slash spending and cancel projects. The energy

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