Tag: global supply

Conventional oil, gas discoveries outside North America continue to decline

Conventional oil, gas discoveries outside North America continue to decline

2015 marked lowest year for discovered oil and gas volumes since 1952, IHS Says HOUSTON, Texas– Volumes for conventional oil and gas discoveries outside of North America have continued their multi-year decline, and the results are dramatic – just 12 billion barrels of oil equivalent (BOE, includes natural gas) estimated recoverable resources were discovered in […]