Expect A Strong Year For Oil Discoveries

Discovery isn’t dead. It’s just moved into trickier geological territory, but that’s not stopping the impressive advance.  Despite growing anti-oil sentiment, oil and gas companies unearthed 12.2 billion new barrels of oil and oil equivalent last year, according to Rystad Energy—a figure that represents a four-year high—and offshore is where most of these new discoveries lie. The figures suggest that the anti-oil movement has yet to have a tangible effect on exploration, and analysts are forecasting another bang-up…