Big Oil Returns To Exploration With A Bang

Energy security and affordability have trumped fears of stranded assets in recent years, prompting the world’s biggest international oil and gas firms to shift focus back to exploration after years of trying to develop clean energy solutions. Big Oil has scaled back investments in renewables, at least those majors that tried to become key green energy providers, as poor returns from clean energy and demand, cost, and regulatory challenges further diminished the appeal of returns on investments in solar and wind. Back to the Basics European…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com