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Elysian and Petrobras acquire 151 blocks in Brazil s latest auction

Oil and gas companies including Elysian, Petrobras and Chevron secured most of the oil blocks offered in Brazil’s latest auction.

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- Oceaneering Wins FPSO Hardware

- Oceaneering Wins FPSO Hardware
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Global oil and gas exploration shrinks as companies shift focus to lower-risk core assets and regions

Global oil and gas exploration shrinks as companies shift focus to lower-risk core assets and regions
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Global oil and gas exploration shrinks as companies shift focus to lower-risk core assets and regions

Global oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to shake off the effects of the Covid-19 pandemic and the ensuing oil market crash, Rystad Energy research shows.

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Rystad: Oil & gas exploration on the decline with global awarded acreage near all-time lows

Rystad Energy forecasts that global oil and gas exploration spending and activities are expected to shrink even further this year.

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