A surprising future

High oil prices are not triggering as large an upturn in oil exploration as was first expected, with many questioning how long the current situation will last. But high prices are having some rather unexpected effects. By Maria Kielmas

After more than two decades of indecision, high prices have provided the oil industry with the incentive for a major increase in its capital expenditure, most of all in high-risk exploration. That, at least, is the popular theory. The reality is more complicated, with companies questioning the sustainability of high oil prices into 2005, adapting their thinking to comply with new oil and gas reserve accounting requirements, and struggling to discover exploration investments that will provide

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Chartis Energy50 2023

The latest iteration of Chartis' Energy50 2023 ranking and report considers the key issues in today’s energy space, and assesses the vendors operating within it

2021 brings big changes to the carbon market landscape

ZE PowerGroup Inc. explores how newly launched emissions trading systems, recently established task forces, upcoming initiatives and the new US President, Joe Biden, and his administration can further the drive towards tackling the climate crisis

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here