EnergyWatch

Wood Mackenzie believes in high returns from oil and gas again

In 2017, oil and gas exploration will create double-digit returns once again, says analyst firm Wood Mackenzie in a new report. "Lower costs are already paying off," says the firm.

Photo: Wintershall

For five years, returns on oil and gas exploration has only been of the single-digit variety. But this will change in 2017, says analyst firm Wood Mackenzie in a new report.

"The industry has a good chance of achieving double digit returns in 2017. Smarter portfolio choices and lower costs are already paying off," says Dr Andrew Latham, vice president of exploration at the analyst firm.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs