World News

January 2017, Vol. 244, No. 1

Global Oil, Gas Exploration Likely to Return to Profitability in 2017 A new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead Global Exploration: What to look for in 2017 indicates exploration should return to profitability in 2017 after five years of only single-digit returns. Dr Andrew Latham, vice president of exploration at Wood Mackenzie said: “The industry has a good chance of achieving double digit returns in 2017. Smarter portfolio choices and lower costs are already paying off.”  Wood Mackenzie’s analysis of the 2017 global…

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