Oil Majors Pursue Projects with $30 per Barrel Breakeven
Oil majors are now hedging their bets by targeting new oilfields that can be profitable even at $30 per barrel oil
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Oil majors are now hedging their bets by targeting new oilfields that can be profitable even at $30 per barrel oil
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
The shift to fields with favourable break-even points follows deeper and more frequent boom-cycles in the last decade
Oil majors are targeting new oilfields that can be profitable even if oil prices fall to about $30 per barrel, using a third year of rising demand to reshape portfolios amid uncertainty over the...
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