Saudi Aramco has slowed down Red Sea drilling activities as low crude oil prices make deepwater exploration less commercially attractive. The cost of offshore operations amounts to $1.0 million according to sources sp...
EDINBURGH, UK – Wood Mackenzie predicts a 30% reduction in spending on exploration and appraisal offshore Africa this year. Expenditure will likely switch from high-risk, high-cost wildcats to appraising discoveries o...
