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Friday, 5 January 2018

ExxonMobil, Shell, Total, others to cut exploration spending in 2018

ExxonMobil, Shell, Total, others to cut exploration spending in 2018

OpeOluwani Akintayo with agency report 05 January 2018, Sweetcrude, Lagos — International oil majors such as ExxonMobil, Shell, Total and others will cut investment on exploration in 2018. In a report by consultancy Wood Mackenzie (WoodMac), this year, the IOCs are not again bothered by pressure to replace reserves, making it the fifth year of …

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