Oil exploration up in the air as prices dive

By Agence France-Presse

Oct 05, 2020 12:03 am

LONDON: The coronavirus pandemic that has slammed oil demand and prices is forcing energy majors to tighten their belts on exploration, even if finding new deposits remain essential to their existence.

While the sector is increasingly diversifying into greener energies such as electricity and wind power, its core business remains oil and gas.

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