Oil Majors Eye Ultra-Deep Water As Market Faces Potential Supply Gap

Oil majors are looking to expand ultra-deepwater and frontier exploration, targeting large, high-value resources that can support long-term supply and energy security goals. Top energy firms are increasing investment in high-impact exploration as the industry faces a potential 300-billion-barrel supply gap by 2050, according to new analysis from Wood Mackenzie. The report estimates that currently […]

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